STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: March 24, 2021
COUNCIL DISTRICT(S): 4
DEPARTMENT: Department of Sustainable Development and Construction
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize an increase in the purchase amount for the acquisition of a tract of land containing approximately 7,400 square feet from Vince Ortez, located near the intersection of LaSalle and Cadillac Streets, for the Cadillac Heights Phase II Project - Not to exceed $1,302.40, increased from $18,000.00 ($15,000.00, plus closing costs not to exceed $3,000.00) to $19,302.40. ($18,000.00, plus closing costs and title expenses not to exceed $1,302.40) - Financing: Land Acquisition in Cadillac Heights Fund (2006 General Obligation Bond Fund)
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BACKGROUND
This item authorizes an increase in the purchase amount for the acquisition of a tract of land containing approximately 7,400 square feet from Vince Ortez, located near the intersection of LaSalle and Cadillac Streets, for the Cadillac Heights Phase II Project. This property will be used for future location of City service and maintenance facilities. The consideration is based on an independent appraisal. No relocation costs are associated.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On October 13, 2020, City Council authorized acquisition from Vince Ortez, of approximately 7,400 square feet of land located in Dallas County for the Cadillac Heights Phase II Project by Resolution No. 20-1526.
FISCAL INFORMATION
|
Fund |
FY 2021 |
FY 2022 |
Future Years |
|
Land Acquisition in Cadillac Heights Fund (2006 General Obligation Bond Fund) |
$19,302.40 |
$0.00 |
$0.00 |
OWNER
Vince Ortez
MAP
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