STRATEGIC PRIORITY: Economic and Neighborhood Vitality
AGENDA DATE: January 27, 2021
COUNCIL DISTRICT(S): 7
DEPARTMENT: Department of Sustainable Development and Construction
EXECUTIVE: Dr. Eric A. Johnson
______________________________________________________________________
SUBJECT
title
Authorize acquisition from The Royal Kingsquest, LLC, of approximately 9,987 square feet of land improved with a commercial building located near the intersection of Dolphin Road and Detonte Street for the Dolphin Road from Spring Avenue to North Haskell Avenue Project - Not to exceed $138,000.00 ($133,322.00, plus closing costs and title expenses not to exceed $4,678.00) - Financing: Street and Transportation (A) Fund ($27,600.00) and Capital Projects Reimburse Fund ($110,400.00)
body
BACKGROUND
This item authorizes the acquisition from The Royal Kingsquest, LLC, of approximately 9,987 square feet of land improved with a commercial building located near the intersection of Dolphin Road and Detonte Street for the Dolphin Road from Spring Avenue to North Haskell Avenue Project. This property will be used for street improvements. The consideration is based on an independent appraisal. Relocation benefits are estimated to be $115,000.00.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2021 |
FY 2022 |
Future Years |
|
Street and Transportation (A) Fund |
$ 27,600.00 |
$0.00 |
$0.00 |
|
Capital Projects Reimburse Fund |
$110,400.00 |
$0.00 |
$0.00 |
|
Total |
$138,000.00 |
$0.00 |
$0.00 |
OWNER
The Royal Kingsquest, LLC
George Davis King Jr, Director
MAP
Attached