SUBJECT: Purchase and Sale Agreement with Houston Land Bank (Buyer) for the sale of a 14,632 square foot tract of land at the corner of Donegal Way and Hiford Drive, being Lot 3, Block 16 of the Shamrock Manor Addition, Thomas Tobin Survey, Abstract 774. Parcel SY22-009
RECOMMENDATION: It is recommended City Council approve an ordinance authorizing a Purchase and Sale Agreement between the City of Houston and Houston Land Bank (Buyer) for the sale of a 14,632 square foot tract of land at the corner of Donegal Way and Hiford Drive, being Lot 3, Block 16 of the Shamrock Manor Addition, Thomas Tobin Survey, Abstract 774, for a purchase price of $60,600.00. Parcel SY22-009
SPECIFIC EXPLANATION: The City acquired Parcel SY22-009 by deed in 1966 as the site for the Outpost Estates Water Treatment Plant. The Outpost Estates Water Treatment Plant was decommissioned in the 1980s and Houston Public Works – Houston Water – Drinking Water Operations determined that the property was surplus to its needs. After all City departments with land needs were canvassed with no interest in the property, Houston Land Bank expressed interest in an acquisition for development as affordable housing. The fair market value for this property was determined to be $60,600.00.
The sale is in accordance with Section 272.001(g) of the Texas Local Government Code, which permits a home-rule municipality to sell real property directly to an entity for the development of low-income and moderate-income housing.
The City will sell to Houston Land Bank:
Parcel SY22-009
14,632 square foot tract of land $60,600.00
TOTAL SALE $60,600.00
Therefore, it is recommended City Council approve an ordinance authorizing a Purchase and Sale Agreement between the City of Houston and Houston Land Bank (Buyer) for the sale of a 14,632 square foot tract of land at the corner of Donegal Way and Hiford Drive, being Lot 3, Block 16 of the Shamrock Manor Addition, Thomas Tobin Survey, Abstract 774, for a purchase price of $60,600.00. It is further recommended that City Council authorize the Mayor to execute and the City Secretary to attest the Special Warranty Deed conveying the property to the Houston Land Bank.
FISCAL NOTE:
Revenue for this item is included in the FY2024 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policies.
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Carol Ellinger Haddock, P.E., Director
Houston Public Works