SPECIFIC EXPLANATION: The General Services Department recommends approval to acquire Tracts 36F and 36G, Institute Place, known as 7407 Scott Street, consisting of approximately 22,115 square feet of land, through a Harris County Tax Sale, for the Houston Parks and Recreation Department (HPARD). HPARD desires to purchase the unimproved property to incorporate the northwest corner of Scott Street and Mainer Street into Beech-White Park; thereby providing buffer to the existing park land, better access to the park, and future additional parking space.
The Harris County Appraisal District has estimated the market value as of January 1, 2017 at $117,564.00. The expected costs include purchase price for the property, post-judgment taxes for 2012 through 2016, estimated 2017 taxes through purchase date, title policy, limited subsurface investigation to identify potential contamination per Phase 1 ESA, contingency for filing and/or other fees, totaling $230,000.00.
OPERATING BUDGET FISCAL NOTE: Funding for this item is included in HPARD’s FY 2018 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policy Ordinance No. 2014-1078.