Item Coversheet

AGENDA ITEM SUMMARY

ITEM SUMMARY:

Consider a Resolution providing direction and authority to the City Manager as to the acquisition of real property of Hani Zaidieh, located at 722 North Hill Street, to be used for construction of the N. Sixth Street Realignment Project. City Attorney Drew Whalen will address.


SPECIAL CONSIDERATIONS OR CONCERNS:

City Manager is reporting he is unable to negotiate the acquisition of this parcel within the authority given in Resolution, enacted July 8, 2014. Given the wide range of values between appraisal of this tract and Owner's counteroffer, the City Manager seeks the Commission's direction and/or additional authority.

STAFF RECOMMENDATION:

Staff recommends approval.

FINANCIAL IMPACT:

Appraisal & Initial Offer      $106,612.00

Owner's First Counter        $341,861,50

City Counter (10%)            $117,273.00

Owner's Final Counter       $275,000.00

ATTACHMENTS:
File NameDescription
Kendall_ltr_012915.pdfKendall letter 01/29/15
RESOLUTION_022415.docxResolution
7-BELAY_AND_ZAIDIEH_PLAT.pdfPlat
Submitted by:

 Meeting Date:

City Attorney Andrew J. Whalen, III

2/24/2015

Reviewed by:

 
Kenny L. Smith