ORDINANCE appropriating $102,500.00 out of Parks and Recreation Dedication Fund; approving and authorizing Purchase and Sale Agreement between the BUFFALO BAYOU PARTNERSHIP, Seller, and the City of Houston, Texas, purchaser, for 23,400 square feet of land located at 4618 Clinton Drive, Houston, Texas, for the Houston Parks and Recreation Department - DISTRICT B - DAVIS

SPECIFIC EXPLANATION: The General Services Department recommends approval of a Purchase and Sale Agreement between The Buffalo Bayou Partnership (Seller) and the City of Houston (Purchaser), for the purchase of 23,400 square feet (0.54 acres) of land, located at 4618 Clinton Drive, (Sector 11) for a purchase price of $101,800 00, plus additional acquisition expenses for the Houston Parks and Recreation Department (HPARD).  

HPARD currently owns land east and west of 4618 Clinton Drive, known as Japhet Creek Greenspace. This acquisition will expand the future park site and make the site contiguous.

The following is a breakdown of expected costs:

                $101,800.00      Purchase Price

                      700.00      Estimated Closing Costs

            $102,500.00      Estimated Total

CIP FISCAL NOTE: The five-year projected operating and maintenance costs for this project are noted below:

            Capital Project Information:  See attached Form A for a breakdown of capital costs.

 $102,500.00     

 Parks & Recreation Dedication Fund

Fund 4035

Jacquelyn L. Nisby                                 

Phone: 832-393-8023