SUBJECT
title
Authorizing the City Manager to execute a Donation Agreement and any related documents to accept five parcels from Aquero Ltd, subject to the review of title commitments. Said parcels being:
(1) Lot 22, block 6, Aquero phase I, unbuildable (0.8197acres).
(2) Lot 7, block 9, Aquero phase II, unihabitable (0.0264 acres).
(3) Lot 44, block 9, Aquero phase IV, unbuildable (0.0666 acres).
(4) Lot 45, block 9, Aquero phase IV, unbuildable (0.0611 acres).
(5) Lot 99, block 9, Aquero phase VI, unbuildable (0.5178 acres),
in the City of Laredo, as per plat recorded in Webb County Plat records. Each parcel has a total value of $10.00. The properties will be used for Municipal purposes. The parcels will be maintained by the City of Laredo.
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PREVIOUS COUNCIL ACTION
N/A
BACKGROUND
City of Laredo is accepting the parcels from Aquero Ltd. Said parcels are located next to World Trade Bridge. The owner has agreed to pay for all closing costs associated with the transfer of parcels.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Approval of Resolution
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Fiscal Impact
Fiscal Year: 2025
Budgeted Y/N?: N/A
Source of Funds: N/A
Account #: N/A
Change Order: Exceeds 25% Y/N: N/A
FINANCIAL IMPACT:
Donations will be accounted for in the General Fixed Assets.