SUBJECT
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A Resolution of the City Council of the City of Laredo, Texas authorizing the City Manager to execute all necessary documents to purchase the "surface only" for 1218 Matamoros Street as per legal description of E3' of S49.6' of 1; W3.5' of E6.5' of S11'-1; W9.95' of S49.6' of 2, Block 73, Western Division, Laredo, Texas 78040 for the total amount of $97,000.00 plus closing costs; providing for an effective date. Funding is available through the 2015 Certificate of Obligation.
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VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: Moderate - Indirectly supports or contributes to the intent of a verbatim goal or policy.
Supporting goal(s)/policy(ies):
* Goal 3.2 - Revitalize Downtown and Inner City Neighborhoods
"Encourage infill and redevelopment in Downtown and the Inner City area to support a vibrant, walkable, and mixed-use district."
(Viva Laredo Comprehensive Plan, p. 3.12)
Relevance: The acquisition of property at 1218 Matamoros Street-a centrally located parcel-represents a step toward enabling future redevelopment opportunities in Downtown Laredo. Such acquisitions can facilitate public or mixed-use developments that align with the revitalization objective.
* Policy 3.2.2 - Facilitate infill development and redevelopment in the Inner City and Downtown
"Provide infrastructure, regulatory incentives, and/or direct public investment to support infill development and redevelopment in Downtown and the Inner City."
(Viva Laredo Comprehensive Plan, p. 3.12)
Relevance: This purchase represents a direct public investment in the Inner City area, which could enable future infill development aligned with the City's revitalization priorities.
Summary of alignment:
This resolution to purchase the surface rights to 1218 Matamoros Street indirectly supports the Viva Laredo Comprehensive Plan's goals for downtown and inner-city revitalization. The acquisition enables potential alignment with Goals 3.2 and Policy 3.2.2, which emphasize strategic public invest...
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