STRATEGIC PRIORITY: Workforce, Education & Equity
AGENDA DATE: January 22, 2025
COUNCIL DISTRICT(S): 1
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize acquisition from Revolver Investment Properties, LLC, of approximately 9,000 square feet of land located near the intersection of South Waverly Drive and Burlington Boulevard for the 902 South Waverly Drive Acquisition Project - Not to exceed $216,000.00 ($210,000.00, plus closing costs and title expenses not to exceed $6,000.00) - Financing: Capital Gifts Donations & Development Fund
Body
BACKGROUND
This item on behalf of the Parks and Recreation Department authorizes the acquisition from Revolver Investment Properties, LLC of approximately 9,000 square feet of land located near the intersection of South Waverly Drive and Burlington Boulevard for the 902 S. Waverly Drive Acquisition Project. This property will be used for development of a future park site. The consideration is an independent appraisal. There are no relocation costs associated.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
On August 1, 2024, the Park and Recreation Board authorized this item.
FISCAL INFORMATION
|
Fund |
FY 2025 |
FY 2026 |
Future Years |
|
Capital Gifts Donations & Development Fund |
$216,000.00 |
$0.00 |
$0.00 |
OWNER/EXECUTIVE
Revolver Investment Properties, LLC
Eddie Salazar, President
MAP
Attached