SUBJECT
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Authorizing the City Manager to execute all necessary documents to purchase the “surface only” of a 0.6096 acre (26,552 square feet) parcel of land, comprised of three parts, all located in the Santiago Sanchez Porcion number 12, abstract 278, Webb County, Texas being called an 101.23 acre tract in the amount of $182,226.38 plus closing costs from Indra, Inc. Parcel 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 FM 1472 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 parcel is identified as Parcel 4.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends the approval of this resolution.
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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.