STRATEGIC PRIORITY: Mobility Solutions, Infrastructure, and Sustainability
AGENDA DATE: February 24, 2021
COUNCIL DISTRICT(S): 2
DEPARTMENT: Water Utilities Department
EXECUTIVE: Majed Al-Ghafry
______________________________________________________________________
SUBJECT
title
Authorize acquisition from Vishwanath Hotels, LLC of an unimproved tract of land containing approximately 2,974 square feet located at the intersection of Empire Central Drive and Prudential Drive for the Dallas Floodway Project - Not to exceed $49,395.00 ($46,395.00, plus closing costs and title expenses not to exceed $3,000.00) - Financing: Flood Protection and Storm Drainage Facilities Fund (2006 General Obligation Bond Funds)
body
BACKGROUND
This item authorizes the acquisition of an unimproved tract of land containing approximately 2,974 square feet of land, from Vishwanath Hotels, LLC. The property is located at the intersection of Empire Central Drive and Prudential Drive and will be used for the Dallas Floodway Project. The consideration is based on an independent appraisal.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2021 |
FY 2022 |
Future Years |
|
Flood Protection & Storm Drainage Facilities Fund (2006 General Obligation Bond Funds) |
$49,395.00 |
$0.00 |
$0.00 |
OWNER
Vishwanath Hotels, LLC
Jiger Patel, Managing Member
MAP
Attached