From
Dwayne Tyner
Title
Ordinance amending the FY 2019/2020 Capital Improvement Projects Budget; Purchase of a 12.3062 acre tract of land located at 1901 SH 161 from the Patrick C. Nolan Family Trust in the not to exceed amount of $270,000
Presenter
Bill Crolley, Deputy City Manager
Recommended Action
Approve
Analysis
This property (See Exhibit “A” for location) is centrally located in Grand Prairie on the east side of SH 161, west of Robinson Road and north of Pioneer Parkway. It has direct access to north bound SH 161. This tract adjoins the City of Grand Prairie Service Center located at 1810 Robinson Road, on the south side of the service center. Acquisition of this property for public use will allow for future expansion of the service center maintenance and storage areas and other City facilities.
The property owner, Patrick C. Nolan Family Trust, has agreed to sell the whole property containing 12.3062 acres (536,058 s.f.) for $247,000. This negotiated purchase amount is within a range of market value determined by comparable properties. The Patrick C. Nolan Family Trust will pay for an owner’s title insurance policy and property taxes up to date of closing. Estimated date of closing is January 24, 2020. The City is responsible for surveying and demolition of improvements. Closing costs will be divided evenly.
Financial Consideration
Funding in the not to exceed amount of $270,000 is available as follows:
1. $90,000 is available by approving an ordinance transferring and appropriating from the unobligated fund balance in the Storm Drainage Capital Projects Fund (401592) to WO #02013801 (Service Center Parking Expansion - STRM)
2. $90,000 is available by approving an ordinance transferring and appropriating from the unobligated fund balance in the Water Capital Projects Fund (500592) to WO #02013901 (Service Center Parking Expansion - WTER)
3. $90,000 is available by approving an ordinance transferring and appropriating from the unobl...
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