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Title
Resolution authorizing the purchase of property located at 328 NE 5th Street required for expansion of City water utility facilities located on Small Hill Street and relocation expenses to acquire replacement housing; and authorize the purchase of that house and replacement housing prior to closing in an amount not to exceed $260,000
Presenter
Ron McCuller, Director of Public Works and Romin Khavari, City Engineer
Recommended Action
Approve
Analysis
The property owners are willing to sell and be relocated to replacement housing. Property owners are currently searching for replacement housing.
In order to maintain project momentum in today’s seller’s market, relocatees must show ability to purchase the replacement housing as a cash purchaser at the time the offer is made. Therefore, the City Council must pass a resolution authorizing the total purchase price, moving expenses, relocation expenses and replacement housing costs not exceed $260,000.
Financial Consideration
Funding for the purchase of the property located at 328 NE 5 Street is available in the Water Capital Projects Fund (500592) WO #01509503 (Beltline). Funds will be reallocated by account category when final numbers are available.
Body
A RESOLUTION DETERMINING THE NECESSITY FOR ACQUISITION OF A HOUSE AND REPLACEMENT HOUSING REQUIRED FOR THE EXPANSION OF CITY WATER UTILITIES FACILITIES AND AUTHORIZING THE CITY OF GRAND PRAIRIE EXPENDITURE OF THE FUNDING AND ACQUISITION PRIOR TO EXPENDITURE
WHEREAS, the City Council has determined the purchase of an occupied house at 328 NE 5th Street is required to expand the water utilities located on Small Hill Street and improve drainage in the area;
WHEREAS, as a requirement of purchasing the above-mentioned house the City has an obligation to acquire replacement housing for the occupants; and
WHEREAS, the City Council of the City of Grand Prairie desires by this resolution to authorize the purchase of the existing ho...
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