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CITY OF HOUSTON - CITY COUNCIL
Meeting Date: 9/21/2021
District E
Item Creation Date: 9/9/2021
HAS - Purchase and Sale Agreement with NASA for Land Parcels at EFD
Agenda Item#: 19.
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| | | | | | | | Summary:
ORDINANCE authorizing the sale of three parcels of land totaling approximately 6.2966 acres, and the improvements thereon, out of Ellington Airport and approving and authorizing Purchase and Sale Agreement between City of Houston, as Seller, and the UNITED STATES OF AMERICA ON BEHALF OF THE NATIONAL AERONAUTICS AND SPACE ADMINISTRATION, as Buyer - DISTRICT E - MARTIN |
| | | | | | | | Background:
RECOMMENDATION:
Enact an Ordinance approving and authorizing a Purchase and Sale Agreement between the City of Houston, as seller, with the United States Government on behalf of National Aeronautics and Space Administration (NASA), as buyer, in connection with the sale of three parcels of land and all improvements thereon, at Ellington Airport (EFD).
SPECIFIC EXPLANATION:
In 1984, the City of Houston purchased EFD on behalf of the Houston Airport System (HAS) from the U.S. Government pursuant to an indenture agreement which reserved certain rights to the U.S. Government, including the right to buy back part or all of EFD.
NASA is developing a $25 million Aviation Logistics and Operations Facility (ALOF) and needs to acquire additional land to meet its development requirements. It is now requested that City Council approve a Purchase and Sale Agreement with the U.S. Government, on behalf of NASA, as buyer, for the sale of three parcels of land totaling approximately 6.29 acres and all improvements thereon, at EFD at a price of $927,568.00. The property is located adjacent to NASA’s fee-simple owned land. The purchase price meets or exceeds the appraised value of the parcels, as determined by a professional appraiser under contract with the City. The Federal Aviation Administration (FAA) has approved the sale of the property to NASA.
HAS requests approval of a Purchase and Sale Agreement for the property described below:
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Buyer
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Property Description
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Purchase Price
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NASA
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6.2966 acres of land comprised of:
· Parcel 1 - 2.5331-acre tract, located in Thomas Toby Survey, Abstract No. 798, Harris County, Texas
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Parcel 2 - 1.4235-acre tract, located in Thomas Toby
Survey, Abstract No. 798 and the Thomas Toby Survey, Abstract No. 801, Harris County, Texas
Parcel 3 - 2.34-acre tract, located in
Sylvester Murphy League, Abstract 53,
Harris County, Texas
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$927,568.00
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Title Insurance and Closing Costs
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Paid by Buyer
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Total Sales Price
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$927,568.00
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The Legal Department prepared the Purchase and Sale Agreement and has reviewed the documentation related to the acquisition.
Fiscal Note:
Revenue for this item is not included in FY22 Adopted Budget. Therefore, a Fiscal Note is required as stated in the Financial Policies.
Director’s Signature:
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Mario C. Diaz
Houston Airport System
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Estimated Revenue
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DEPARTMENT
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FY2022
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OUT YEARS
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TOTAL
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Houston Airport System
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$927,568.00
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$0.00
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$927,568.00
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| | | | | | | | Amount and Source of Funding:
REVENUE
HAS Revenue Fund (8001) |
| | | | | | | | Contact Information:
Todd Curry 281/233-1896
Molly Waits 281/233-1860 |
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