STRATEGIC PRIORITY: Core
AGENDA DATE: April 23, 2025
COUNCIL DISTRICT(S): 8
DEPARTMENT: Department of Facilities and Real Estate Management
EXECUTIVE: Donzell Gipson
______________________________________________________________________
SUBJECT
Title
Authorize (1) acquisition of approximately 76,181 square feet of land; and (2) acquisition of a slope easement of approximately 10,630 square feet of land located near the intersection of University Hills Boulevard and Wheatland Road for the Wheatland Road Extension Project - Not to exceed $209,600.00 ($206,100.00, plus closing costs and title expenses not to exceed $3,500.00) - Financing: 2024B Certificates of Obligation Fund
Body
BACKGROUND
This item on behalf of the Department of Transportation and Public Works authorizes 1) acquisition of approximately 76,181 square feet of land and (2) acquisition of a slope easement of approximately 10,630 square feet of land located near the intersection of University Hills Boulevard and Wheatland Road for the Wheatland Road Extension Project. This property will be used for right of way improvements along the Wheatland Road extension. The consideration is based on an independent appraisal. There are no relocation benefits associated.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2025 |
FY 2026 |
Future Years |
|
2024B Certificates of Obligation Fund |
$209,600.00 |
$0.00 |
$0.00 |
Type Square Foot Appraised Value
Fee Simple Interest 76,181 $187,300.00
Slope Easement 10,630 $ 18,800.00
OWNERS
James T. Henrise, Owner
Glinda Henrise, Owner
MAP
Attached