RECOMMENDATION: Approve and authorize a Purchase and Sale Agreement between Jiwan Gupta (Seller) and the City of Houston (Purchaser) for the purchase of 4,500 square feet of land at 2927 Jensen Drive, located in Houston, Harris County, Texas, for the Houston Parks and Recreation Department (HPARD) and appropriate funds.
SPECIFIC EXPLANATION: The General Services Department recommends approval of a Purchase and Sale Agreement between Jiwan Gupta (Seller) and the City of Houston (Purchaser) for the purchase of 4,500 square feet of land for a purchase price of $70,000.00 as determined by survey and appraisal plus closing costs. HPARD desires to use the land for the new Jensen Park Project.
The initial effort by the City to acquire the property via a Purchase and Sale Agreement was unsuccessful. Ordinance 2023-0265, passed April 19, 2023, approved and authorized the acquisition by dedication, donation, purchase, or, if necessary, condemnation for public necessity and convenience of the vacant property located at 2927 Jensen Drive (Parcel BY23-004). After considering the process of condemnation, the seller decided to proceed with the sale of the property to the City under a Purchase and Sale Agreement.
The following is a breakdown of expected costs:
$70,000.00 Purchase Price BY23-004
$ 3,000.00 Court Service and Special Commissioner Fees
$ 5,000.00 Estimated Closing Costs
$78,000.00 Total
CIP FISCAL NOTE:
Estimated Fiscal Operating Impact
|
Fund Name
|
FY24
|
FY25
|
FY26
|
FY27
|
FY28
|
FY24-FY28
Total
|
|
Land purchase 2927 Jensen
WBS#
F-000513-0035-2
|
$29,500.00
|
$30,385.00
|
$31,297.00
|
$32,236.00
|
$33,203.00
|
$156,621.00
|
WBS No.: F-000513-0035-2
DIRECTOR’S SIGNATURE/DATE:
____________________________
C. J. Messiah, Jr.
General Services Department
____________________________
Kenneth Allen
Houston Parks & Recreation Department