AGENDA CAPTION:
Title
Consider approval of Resolution 2021-37R, approving an agreement with John Bugge providing for the City to purchase approximately 3.64 acres of land located at 1410 and 1412 River Road for a price of $396,500.00, together with associated closing costs, in connection with the Blanco Riverine Flood Mitigation Project; authorizing the City Manager, or his designee, to execute said agreement; and declaring an effective date.
Body
Meeting date: February 24, 2021
Department: Engineering and Capital Improvements Program Department - Laurie Moyer, Director (By Lynda Williams, Purchasing Manager)
Amount & Source of Funding
Funds Required: $396,500.00
Account Number: 13028132 - CDBG-DR INFRA B16MH480002 56255 BLANCORIV -INFRA -CONST
Funds Available: Click or tap here to enter text.
Account Name: Blanco Riverine DR
Fiscal Note:
Prior Council Action: Click or tap here to enter text.
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 the first of 15 acquisitions required for the Blanco Riverine CDBG-DR project. The federal acquisition requirements have been met with the appraisal, review appraisal and acceptance by the property owner of the offer.
This property is 3.640 ac. (158,588 SQFT.) located at 1410/1412 River Road. An existing house, foundation and driveway will be demolished with the constructi...
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