From
Dwayne Tyner
Title
Creek Erosion Buyout - Purchase of house and lot located at 410 Windhurst Drive
Presenter
Romin Khavari, City Engineer
Recommended Action
Approve
Analysis
The house located at 410 Windhurst is located in the Kirby Creek area (see Exhibit A for aerial ). Stephen Kille and Yoko Kille have asked the City to buy their house under the Creek Erosion Policy. The house meets all the requirements for our voluntary buyout program.
An appraisal by an independent fee appraiser determined the market value to be $165,000 (without recognizing any current problems to the house and lot caused by creek erosion). Mr. and Mrs. Kille have agreed to the City’s offer and signed a Sales Agreement (see attached Sales Agreement dated March 15, 2017).
Property owners will pay for all moving expenses and are responsible for locating replacement housing at their own expense. The property owners have located replacement housing in the City of Grand Prairie and are currently in negotiations.
The City will pay also all title insurance expenses and closing costs.
Financial Consideration
Funding in the not to exceed amount of $171,500 is available in Storm Drainage Capital Projects Fund (400192) WO #01706101 (Voluntary Buy-out)