Valley Cities – Behavioral Health Care provides counseling and drug use recover services to more than 7,500 people at seven locations in King County.
Ken Taylor, CEO of Valley Cities – Behavioral Health Care, signed an agreement on Thursday, Feb. 18, with a potential buyer of the Woodmont property to enter into a 45-day period to complete a feasibility study and property value appraisal.
Also signing the agreement was Michael Lai, CEO and Investing Partner of ML Companies, INC of USASIA Pacific EB5 Investment and SML Seattle Modern Living, LLC.
The Valley Cities Board of Directors has agreed to divest of the property if a viable offer is received.
Valley Cities has an agreement with the city of Des Moines through the end of March to identify potential uses for the Woodmont property and explore all options for relocating the services that had been planned there. Conversations about potential sale of the property are part of that mix.
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