AGENDA CAPTION:
Title
Consider approval of Resolution 2021-137R, approving an agreement with Francis R. & Linda M. Horne providing for the City to purchase an approximately 1,979 square foot portion of 1008, 1010 & 1014 Academy St for a price of $67,601.00, 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: $67,601.00 + Closing Costs
Account Number: C419- WWW 52036378-70200; $40,561.00 "Engineering WWW debt 2021"; Contingent upon 2021 debt sale and account being funded in Tyler) C419 - Drainage 51036378-70200; $27,040.00 "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
City Council Strategic Initiative: [Please select from the dropdown menu below]
N/A
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Background Information:
The attached agreement is for the land acquisition of approximately 1,979 SQFT of Francis R. & Linda M. Horne for $67,601.00. Land acquisition is required to accommodate drainage infr...
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