File #: 16-5495    Version: 1 Name: Acquisition of Real Property for Water Utility Facility Improvement and Drainage Improvement
Type: Agenda Item Status: Consent Agenda
File created: 3/11/2016 In control: Engineering
On agenda: 3/22/2016 Final action: 3/22/2016
Title: Acquisition of real property (324 NE 5th Street) for Water Utility Facility Improvement and Drainage Improvement on Small Hill Street in the not to exceed amount of $50,000
Attachments: 1. EXHIBIT A TANZEY 324 NE 5TH STREET.pdf, 2. Capital Projects Budget Summary for 16-5495.pdf

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Title

Acquisition of real property (324 NE 5th Street) for Water Utility Facility Improvement and Drainage Improvement on Small Hill Street in the not to exceed amount of $50,000

 

Presenter

Ron McCuller, Director of Public Works and Romin Khavari, City Engineer

 

Recommended Action

Approve

 

Analysis

Authorize and confirm the purchase of one vacant lot required for improvements to the water utility facility located on Small Hill Street.  Purchase of these this lot will also improve drainage.

 

The owners have agreed to sell one vacant lot for $44,824.  This amount was determined by a recent appraisal.  The City will pay all title insurance expenses and closing costs.

This vacant lot (as shown on the attached aerial) is more commonly known as 324 Northeast 5th Street is owned by Truman Tanzey and Margaret Tanzey.

 

Financial Consideration

Funding for the acquisition of real property in the not to exceed amount of $50,000 is available in the Water Capital Projects Fund (500592) to WO #01509503 (Beltline) 68090 (Land purchase).