Contract for Sale of City-Owned Property on Harvey Mitchell Parkway

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Contract for Sale of City-Owned Property on Harvey Mitchell Parkway

  1. 1. City CouncilJuly 12, 2012
  2. 2. Approximate Land Values• Tract 1 FM 2818 at Hwy. 21 0.58 acres • BCAD Value: $18,950 / Appraised Value : $13,000 • Acquisition funded by Water Capital Fund • Bid No. 12-044 (no bids received)• Tract 2 28th Street at FM 2818 0.47 acres • BCAD Value: $20,470 / Appraised Value: $7,450 • Acquisition funded by Water Capital Fund • Bid No. 12-045 (no bids received)• Tract 3 FM 2818, across from Providence 2.42 acres • BCAD Value: $210,570 / Appraised Value: $98,000 • Acquisition funded by Water Capital Fund • Bid No. 12-045 ($211,000 bid received)
  3. 3. Tract 3
  4. 4. Recommendation• Approve real estate contract and authorize staff to proceed with closing.
  5. 5. Tract 1
  6. 6. Tract 2

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