RECOMMENDATION: Declare surplus to the City’s needs and approve and authorize a Purchase and Sale Agreement between City of Houston, Seller, and Harris County, Texas, Buyer, for the sale of, approximately 10.697 acres located at 0 Burnett Street, Houston, TX for the Housing and Community Development Department.
SPECIFIC EXPLANATION: The City of Houston has determined that the 10.697 acres of land located at 0 Burnett Street, identified as Parcel QY21-001, is surplus to its needs. All City departments with land needs have been canvassed and it has been determined that this parcel is not needed for City purposes.
On April 17, 2024, City Council approved and authorized a Marketing Agreement between the City of Houston, TX and Cushman & Wakefield to assist with the marketing of Parcel QY21-001, within the Hardy Yards development.
Therefore, GSD recommends that City Council declare Parcel QY21-001 as surplus and approve and authorize a Purchase and Sale Agreement with Harris County for a purchase price of $18,500,000.00.
After payment of a 3% brokerage commission to Cushman & Wakefield, pursuant to the Marketing Agreement, the net sale proceeds will be directed to the Texas General Land Office.
PROPERTY ADDRESS: 0 Burnett Street, Houston, TX 77009.
FISCAL NOTE: No fiscal note is required for grant items.
DIRECTOR’S SIGNATURE / DATE:
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C. J. Messiah, Jr.
General Services Department
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Michael Nichols
Housing and Community Development Department