SUBJECT
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A Resolution of the City Council of the City of Laredo, Texas, authorizing the City Manager and/or his designee to execute all necessary documents to purchase from SKG H4, LLC the surface estate only of a 3.00-acre tract of land for a purchase price of $1,125,000.00, and to accept the donation of an additional 2.00-acre tract of land with an appraised value of $822,000.00, said property being a portion of Abstract 56, Porcion 14, J. Guajardo Survey, containing approximately 200.40 acres and located at 13002 Apollo Drive, Laredo, Webb County, Texas; providing that the City shall pay fifty percent (50%) of the estimated closing costs in the amount of $3,500.00; said property being more particularly described and depicted in Exhibit "A," attached hereto and incorporated herein for all purposes; providing for an effective date; and authorizing funding through the 2022 Certificate of Obligation Bond Program.
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PREVIOUS COUNCIL ACTION
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BACKGROUND
VIVA LAREDO PLAN ALIGNMENT
Alignment Rating: Strong
Supporting goal(s)/policy(ies):
Goal 4.2 - "Support infrastructure investments that encourage orderly growth and economic development." (Viva Laredo Comprehensive Plan, p. 4.14)
Relevance: The acquisition of a 5-acre tract for public purposes supports long-term infrastructure planning and municipal service expansion consistent with orderly urban growth and economic development objectives
Policy 4.2.3 - "Ensure that adequate public facilities and services are available to support existing and future development." (Viva Laredo Comprehensive Plan, p. 4.16)
Relevance: The purchase and donation of land for municipal use directly supports the City's ability to provide future public facilities and services needed to accommodate population growth and development.
Policy 1.1.2 - "Encourage coordinated land use planning and infrastructure investment to maximize public benefit." (Viva Laredo Comprehensive Plan, p. 1.8)
Relevance: The transaction reflects coord...
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