| | | Resolution authorizing the expenditure of Redevelopment Funds, in an amount not to exceed $42,500; and authorizing the purchase of vacant land along Sickler Drive/Beach Street intersection merge area from Masroc Land, L.P., 1215 Gessner Drive, Houston, TX 77055, for the purchase price of $41,000 plus $1,500 estimated closing costs. The vacant land is needed in order to complete the northernmost segment of the 12’ wide Sweetheart Trail. A property appraisal was performed by the appraisal firm of Bullard, Hall & Adams, Inc. in January of 2017. The properties being appraised fronted to the east on the Halifax River and to the west on the Sickler Drive/Beach Street intersection merge area. The market value of the parcel, which parallels the east side of the Sickler Drive/Beach Street road right of way, was established as $41,000. The owners were willing to accept the appraised value. Funds available in Redevelopment - Ballough Road CRA Fund.
David Waller, Deputy Public Works Director, to report.
Recommendation: Deputy Public Works Director recommends adoption of
the Resolution.
Action: Motion to adopt the Resolution. | | |