STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: January 27, 2021
COUNCIL DISTRICT(S):|910|DEPARTMENT: Department of Sustainable Development and Construction
EXECUTIVE: Dr. Eric A. Johnson
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SUBJECT
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Authorize the second step of acquisition for condemnation by eminent domain to acquire from the Heirs At Law of the Estate of Totsie Irene Farley, deceased; the Heirs At Law of the Estate of Marion Adoree Farley Smith, deceased; Caressa Jean Smith Holder, as her interest may appear and the Heirs At Law of the Estate of Frederick Alexander Smith, deceased, as their interest may appear, of approximately 473,497 square feet of land, located near the intersection of Masters Drive and Old Seagoville Road for the District 5 New Park at Masters Drive Project - Not to exceed $574,000.00 ($568,196.00, plus closing costs and title expenses not to exceed $5,804.00) - Financing: Park and Recreation Facilities (B) Fund (2017 General Obligation Bond Funds)
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BACKGROUND
This item authorizes the second step of acquisition for condemnation by eminent domain to acquire from the Heirs At Law of the Estate of Totsie Irene Farley, deceased; the Heirs At Law of the Estate of Marion Adoree Farley Smith, deceased; Caressa Jean Smith Holder, as her interest may appear and the Heirs At Law of the Estate of Frederick Alexander Smith, deceased, as their interest may appear, of approximately 473,497 square feet of land, located near the intersection of Masters Drive and Old Seagoville Road for the District 5 New Park at Masters Drive Project. The property owners have declined the City's offer and countered significantly higher than the appraised market value, the City will not be able to close the transaction amicably.
The first resolution approved on August 12, 2020, by Resolution No. 20-1128, authorized the purchase in the amount of $574,000.00.
This property will be used for development of a...
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