| AGENDA ITEM SUMMARY
Consider payment of $146,581.27 to the Griffin Housing Authority and accept quit claim deed for the acquisition of 1301, 1303, 1305, 1307, 1311, 1313, 1315, 1317, 1319, 1321, 1323 & 1325 Lincoln Road; approve the transfer of cash in the amount of $112,054.39 (balance in Land Sale cash account) to general fund operating cash; the remainder ($34,526.88) to come from Commission Contingency; and amend the budget accordingly. City Manager Kenny Smith will address.
SPECIAL CONSIDERATIONS OR CONCERNS: |
The Housing Authority purchased this property on April 24, 2015 at the city's urging with the agreement that the City would reimburse the Authority by 2015 year end.
Staff recommends approval.
The amendment reallocates $34,527.00 from Commission Contingency (leaving an available budget of $50,313.00 in Commission Contingency). The Land Sale account, after the transfer of $112,054.39, will have zero cash balance remaining. | | | |