STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: October 13, 2020
COUNCIL DISTRICT(S): 4
DEPARTMENT: Department of Sustainable Development and Construction
EXECUTIVE: Dr. Eric A. Johnson
______________________________________________________________________
SUBJECT
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Authorize acquisition from Audrey Lou Bradley and Dorothy Lee Bradley, of approximately 11,266 square feet of land improved with a single-family dwelling located near the intersection of Buick and Morrell Avenues for the Cadillac Heights Phase II Project - Not to exceed $68,000.00 ($65,000.00, plus closing costs not to exceed $3,000.00) - Financing: Land Acquisition in Cadillac Heights (2006 General Obligation Bond Funds)
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BACKGROUND
This item authorizes the acquisition from Audrey Lou Bradley and Dorothy Lee Bradley, of approximately 11,266 square feet of land improved with a single-family dwelling located near the intersection of Buick and Morrell Avenues for the Cadillac Heights Phase II Project. The consideration is based on an independent appraisal. Relocation benefits are estimated to be $85,000.00.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2021 |
FY 2022 |
Future Years |
|
Land Acquisition in Cadillac Heights (2006 General Obligation Bond Funds) |
$68,000.00 |
$0.00 |
$0.00 |
OWNERS
Audrey Lou Bradley
Dorothy Lee Bradley
MAP
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