The Housing and Community Development Department (HCD) recommends Council approval of an Ordinance authorizing a Purchase-Sale Agreement between the City of Houston (City) and Buffalo Bayou Partnership (BBP) to provide $1,468,329.00 in Community Development Block Grant Mitigation (CDBG-MIT) funds for the purchase of 146,068 sq. ft. of real property.
The purpose of this Purchase Sale Agreement is to acquire approximately 146,068 square feet of land, a former Railroad ROW, necessary to complete the construction of the Marron Park Way, a new street, and drainage and improvements infrastructure project. Construction of the street will be 1,600 linear feet and span from Lockwood Drive to the east and Drennan Street to the west.
The development of a new street on the land will ultimately mitigate and lessen the risk and impacts of flooding through the construction of underground storm drainage and by utilizing design engineering technology the Project will create drainage systems that can sustain the capacity required for a 100-year storm.
The overall project boundary area is located between N. York and Lockwood Drives, on the south side of Buffalo Bayou in Houston’s Second Ward Complete Communities neighborhood, a low-moderate (LMI) income community.
The total project budget is $6,922,182.00 to be funded by HCDD of which includes the purchase price of the land for the Purchase Sale Agreement in the amount of $1,468,329.00. The portion of the additional Project costs pursuant to the Construction Contribution Agreement for the development of Marron Park Way was presented to Council separately. The project is expected to be completed within 24 months.
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Sources:
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Amount:
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Uses:
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Amount:
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COH HCD
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$ 6,922,182.00
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Acquisition
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$ 1,468,329.00
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Construction
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$ 4,586,553.00
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Design and Planning Costs
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$ 704,000.00
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Construction Management
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$ 163,300.00
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Total
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$ 6,922,182.00
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$ 6,922,182.00
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Fiscal Note:
No fiscal note is required for grant items.
The Housing and Community Affairs Committee Chair was briefed on this item on December 14, 2022 and October 11, 2023.
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Keith W. Bynam, Director