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File #: 2017-4330   
Type: Resolution Status: Passed
File created: 3/23/2017 In control: City Council
On agenda: 4/13/2017 Final action: 4/13/2017
Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Scott & White Memorial Hospital f/k/a Scott and White Memorial Hospital and Scott, Sherwood and Brindley Foundation for the purchase of a 0.188 acre tract of land necessary for the University Boulevard Widening Project (Parcel 6A, Part 1).
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: 1. Resolution, 2. Exhibit A

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Scott & White Memorial Hospital f/k/a Scott and White Memorial Hospital and Scott, Sherwood and Brindley Foundation for the purchase of a 0.188 acre tract of land necessary for the University Boulevard Widening Project (Parcel 6A, Part 1).

 

Body

The purchase price is equal to the City's appraised unit value for the land to be acquired, plus an upward adjustment of $15,939 to the compensation for sign replacement based on a contractor's bid provided by the owner. This adjustment was reviewed and approved by the Transportation Director.

 

 

Cost: $267,090.00

Source of Funds: RR Transportation & Economic Development Corp (Type B) Fund