AGENDA CAPTION:
Title
Consider approval of Resolution 2021-138R, approving an agreement with the Icon Properties Ltd. providing for the City to purchase an approximately 2,992 square foot portion of land out of 1102, 1104 & 1106 Academy Street for a price of $80,000.00, together with associated closing costs, in connection with the Sessom/Academy Drainage and Infrastructure Improvements project; authorizing the City Manager, or his designee, to execute said agreement; and declaring an effective date.
Body
Meeting date: August 3, 2021
Department: Engineering & CIP
Amount & Source of Funding
Funds Required: $80,000 + Closing Costs
Account Number: C419-WWW 52036378-70200; $48,000.00 "Engineering WWW debt 2021"; Contingent upon 2021 debt sale and account being funded in Tyler C419 - Drainage 51036378-70200; $32,000.00 "Engineering debt 2021"; Contingent upon 2021 debt sale and account being funded in Tyler
Funds Available: $0.00
Account Name: C419 - Sessom Drainage Improvements at Academy
Fiscal Note:
Prior Council Action: NA
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Background Information:
The attached agreement is for the land acquisition of approximately 2,992 SQFT from Icon Properties Ltd for $80,000 plus clos...
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