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File #:
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2024-R-107
Version:
1
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Type:
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Resolution
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Status:
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Passed
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On agenda:
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3/18/2024
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Final action:
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3/18/2024
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Title:
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Authorizing the City Manager to execute all necessary documents to purchase the "Surface Only" of three (3) parcels from North Laredo Industrial Park Ltd., being Tract (1) a 0.5528 of one-acre (24,078 square feet) parcel of land, located in the Tomas Sanchez Porcion Number 11, Abstract 279, Webb County, Texas, in the amount of $72,234.00, plus $30,000.00 in development credits. Tract (2) being a 1.368-acre (59,600 square feet) parcel of land, comprised of three parts, located in the Tomas Sanchez Porcion Number 10, Abstract Number 280, Blas Maria Diaz Porcion Number 9, Abstract Number 4, Webb County, Texas, in the amount of $151,980.00, plus $30,000.00 in development credits. Tract (3) being a 0.3935 of an-acre (17,139 square feet) parcel of land, located in the Tomas Sanchez Porcion Number 11, Abstract Number 279, Webb County, Texas, in the amount of $217,562.00. The City of Laredo will be responsible for 50% of closing costs at an estimated amount of $3,000.00 for all three parcels...
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SUBJECT
title
Authorizing the City Manager to execute all necessary documents to purchase the “Surface Only” of three (3) parcels from North Laredo Industrial Park Ltd., being Tract (1) a 0.5528 of one-acre (24,078 square feet) parcel of land, located in the Tomas Sanchez Porcion Number 11, Abstract 279, Webb County, Texas, in the amount of $72,234.00, plus $30,000.00 in development credits. Tract (2) being a 1.368-acre (59,600 square feet) parcel of land, comprised of three parts, located in the Tomas Sanchez Porcion Number 10, Abstract Number 280, Blas Maria Diaz Porcion Number 9, Abstract Number 4, Webb County, Texas, in the amount of $151,980.00, plus $30,000.00 in development credits. Tract (3) being a 0.3935 of an-acre (17,139 square feet) parcel of land, located in the Tomas Sanchez Porcion Number 11, Abstract Number 279, Webb County, Texas, in the amount of $217,562.00. The City of Laredo will be responsible for 50% of closing costs at an estimated amount of $3,000.00 for all three parcels. Parcels being more particularly described and depicted in the attached exhibit “A”. Funding is available in the Capital Improvement Fund. Providing for an effective date.
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PREVIOUS COUNCIL ACTION
Executive Item 24-0259
BACKGROUND
The City of Laredo is partnering with the Texas Department of Transportation for the Development of State Highway 84, stretching from Fm1472 to IH 35. This project aims to alleviate traffic congestion and improve mobility. As per the Affordable Funding Agreement (AFA), the City of Laredo will bear 100% responsibility for Right of Way acquisitions. This parcels are identified as Parcels 7, 8, and 9.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends the approval of this resolution.
end
Fiscal Impact
Fiscal Year: 2024
Budgeted Y/N?: Yes
Source of Funds: Capital Improvement Fund
Account #: 402-4310-535-9101
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Funding is available in the Capital Improvement Fund. Project HACH5L
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