File #: 2024-R-146    Version: 1
Type: Resolution Status: Agenda Ready
File created: 4/11/2024 In control: City Council
On agenda: 5/6/2024 Final action:
Title: Authorizing the City Manager to execute all necessary documents to purchase the "Surface Only" of a 0.387 acre tract from Leopoldo Garza Benavides Ltd. for $250,000.00, plus an estimated amount of $3,000.00 in closing costs. The parcel being situated in Porcion 23, Abstract 283, Leonardo Sanchez, Original Grantee, within the City limits of Laredo, Webb County, Texas. Being more particularly described in the attached exhibit "A". Providing for an effective date. Funding is available in the 2022 Certificate of Obligation.
Attachments: 1. Resolution, 2. plat, 3. Aerial
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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SUBJECT

title

Authorizing the City Manager to execute all necessary documents to purchase the “Surface Only” of a 0.387 acre tract from Leopoldo Garza Benavides Ltd. for $250,000.00, plus an estimated amount of $3,000.00 in closing costs. The parcel being situated in Porcion 23, Abstract 283, Leonardo Sanchez, Original Grantee, within the City limits of Laredo, Webb County, Texas. Being more particularly described in the attached exhibit “A”. Providing for an effective date. Funding is available in the 2022 Certificate of Obligation.

 

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PREVIOUS COUNCIL ACTION

N/A

 

BACKGROUND

The property is needed to continue with phase II of the Springfield Extension Project.

 

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:                                                                                     2022 CO Bond

Account #:                                                                                                          475-9853-535-9101

Change Order: Exceeds 25% Y/N:                      

 

FINANCIAL IMPACT:

Project # TP 2306