RECOMMENDATION: Approve and authorize a Purchase and Sale Agreement between Union Pacific Railroad Company (Seller) and the City of Houston (Purchaser) for the purchase of 0.4426 acre of land for the Houston Permitting Center Parking Expansion Project for Houston Public Works.
SPECIFIC EXPLANATION: The General Services Department recommends approval of a Purchase and Sale Agreement between Union Pacific Railroad Company (Seller) and the City of Houston (Purchaser) for the purchase of 0.4426 acre of land for a purchase price of $520,000.00 plus additional acquisition expenses, for Houston Public Works.
The property is located adjacent to the Houston Permitting Center (HPC). Houston Public Works desires to purchase this land to expand parking at the HPC. HPC is one of the City’s primary customer service delivery locations. On an average day, the HPC hosts up to 1,000 visitors. The additional parking will ensure adequate capacity exists for the use by visitors.
The following is a breakdown of expected costs:
|
$520,000.00
|
Purchase Price
|
|
$5,500.00
|
Environmental Due Diligence
|
|
$7,500.00
|
Estimated Closing Cost
|
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$533,000.00
|
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.
Estimated Fiscal Operating Impact
|
Project
|
FY19
|
FY20
|
FY21
|
FY22
|
FY23
|
FY19-FY23
Total
|
|
HPC Parking Expansion Project
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$2,000.00
|
2,000.00
|
2,000.00
|
$2,000.00
|
$2,000.00
|
$10,000.00
|
WBS No: D-200001-0001-2-01
DIRECTOR'S SIGNATURE/DATE:
____________________________
C. J. Messiah, Jr.
General Services Department
______________________________
Carol Haddock, P.E.
Houston Public Works