AGENDA CAPTION:
Title
Consider approval of Ordinance 2021-53, on the second of two readings, approving an agreement with G&H Rental Properties, LLC providing for the City to purchase 0.110 acres of land located at 1414-1420 River Road for a price of $24,000.00, plus associated closing costs, and also providing for the exchange of an adjacent 0.111 acres owned by the City at 1412 River Road as further consideration for such purchase in connection with the Blanco Riverine Flood Mitigation Project; authorizing the City Manager, or his designee, to execute said agreement and associated closing documents; and declaring an effective date.
Body
Meeting date: August 3, 2021
Department: Engineering and Capital Improvements Program Department - Laurie Moyer, Director
Amount & Source of Funding
Funds Required: $24,000.00 (not including closing costs)
Account Number: 13028132 - CDBG-DR INFRA B16MH480002 56255 BLANCORIV -INFRA -CONST
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: Res 2021-037 Approving purchase of Bugge property
City Council Strategic Initiative: [Please select from the dropdown menu below]
Stormwater
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Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
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Background Information:
This resolution for Council approval is one of the acquisitions required for the Blanco Riverine Flood Mitigation project, funded by CDBG-DR & MIT. The federal acquisition requirements have been met with the...
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