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
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SUBJECT
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Authorize acquisition from Juan Coronado of approximately 5,668 square feet of land improved with a single-family uninhabitable structure located near the intersection of Gloyd and Nolen Streets for the Cadillac Heights Phase II Project - Not to exceed $20,000.00 ($16,500.00 plus closing costs and title expenses not to exceed $3,500.00) - Financing: Land Acquisition in Cadillac Heights Fund (2006 General Obligation Bond Funds)
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BACKGROUND
This item authorizes the acquisition from Juan Coronado of approximately 5,668 square feet of land improved with a single-family uninhabitable structure located near the intersection of Gloyd and Nolen Streets for the Cadillac Heights Phase II Project. This property will be used for future location of City service and maintenance facilities. There are no relocation benefits associated. 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 2020 |
Future Years |
|
Land Acquisition in Cadillac Heights Fund (2006 General Obligation Bond Funds) |
$20,000.00 |
$0.00 |
$0.00 |
OWNER
Juan Coronado
MAP
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