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SPECIFIC EXPLANATION: On April 13, 2016, Ordinance No. 2016-297, City Council authorized the acquisition of 5,144 SF of land at 2305 Tuam Street, for the City’s expansion of Emancipation Park, by dedication, donation, purchase or if necessary, condemnation. Subsequently, the City was able to successfully negotiate a purchase of the property directly with the owners.
In 2014, Emancipation Park was expanded from ten acres to eleven acres using grant funds from the Texas Parks and Wildlife Department Urban Outdoor Recreation Grant to purchase several properties located on Tuam Street across from the park. This additional tract will further expand the park by 0.12 acres and will enhance and increase the park’s usage.
Therefore, the General Services Department recommends approval of a Purchase and Sale Agreement with Adalberto Bustos Ocampo and Maria Diego Ocampo (Sellers), for the purchase of 5,144 square feet of land located at 2305 Tuam Street, for a purchase price of $180,000.00 plus additional closing costs of $400.00, for HPARD.
The following is a breakdown of expected costs:
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$180,000.00
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Purchase Price
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$400.00
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Closing Costs
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$180,400.00
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Total
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CIP FISCAL NOTE: The five-year projected operational and maintenance costs for this project are noted below:
Capital Project Information
See attached Form A for a breakdown of capital costs.
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Estimated Fiscal Operating Impact
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Fund Name
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FY17
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FY18
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FY19
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FY20
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FY21
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FY17-21
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General Fund
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$300
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$300
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$300
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$300
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$300
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$1,500
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