CC MEETING: July 2, 2024
DATE: June 24, 2024
TO: Erin Rinehart, City Manager
FROM: Jonathan Wheat, P.E., Director of Engineering
Marc Guy, Assistant City Manager
Title
Consider A Resolution Authorizing The City Manager To Negotiate And Execute All Necessary Documents For The Purchase Of Three Parcels Of Property In The Carrollton Heights Addition For Public Right-Of-Way In An Amount Not To Exceed $52,000.00.
Body
BACKGROUND:
This resolution will provide authorization to purchase the necessary right-of-way and easements to construct planned improvements in the Carrollton Heights neighborhood. To facilitate the construction of the project, it is necessary for the City to acquire several parcels for right-of-way and drainage easements.
The reconstruction of the Carrollton Heights Addition was authorized by the voters in the 2018 bond election. This is a NOTICE project.
Angel Valuation Services and JLL Valuation & Advisory Services were contracted to appraise 10 properties in Phase 1 of Carrollton Heights. The three properties being purchased at this time were appraised at a total of $31,131.00. During 2023, Stateside Right-of-Way Services negotiated on the City's behalf with the property owners. Parcel 6 accepted the initial offer. Staff is recommending that City Council accept the owners' counteroffers for parcels 7 and 8. The total offer for the three parcels is $45,212.00. A summary of each parcel is below:
Parcel
Appraisal
Counteroffer
6 Warren
$ 24,712.00
N/A
7 Rudder
$ 5,569.00
$ 18,500.00
8 M Chandler
$ 850.00
$ 2,000.00
Closing costs for the three parcels are estimated to bring the total acquisition price to $52,000.00.
FINANCIAL IMPLICATIONS:
Funding is available from 2018 GO Bonds.
IMPACT ON COMMUNITY SUSTAINABILITY:
This project will support the City Council's strategic objectives and vision of building a community that families and businesses want to call home by:
* Sustaining quality ...
Click here for full text