SUBJECT:
Title
Request Approval of Purchase Agreement Associated with the NE 35th Street Phase 4 Road Improvement Project for Parcel 15895-000-00 (Budget Impact- Neutral; expenditure of $47,000)
Body
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INITIATOR: |
DEPARTMENT: |
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Steven Cohoon, P.E., County Engineer |
Office of the County Engineer |
DESCRIPTION/BACKGROUND:
This is a request to approve a Purchase Agreement in the amount of $47,000 plus closing costs for parcel 1304-051-013 associated with the NE 35th Street Phase 4 Road Improvement Project (from NE 36th Avenue to NE 55th Avenue). This is a vacant parcel consisting of approximately .48 acres.
The negotiated agreement is inclusive of any and all cost associated with this transaction. There are cost savings recognized in this negotiation by avoiding additional costs that occur during condemnation proceedings.
BUDGET/IMPACT:
Neutral; expenditure of $47,000, plus closing costs (FUND STC073835-CIPTRANSP-EXPANSROW-738-VJ738541-561301).
RECOMMENDED ACTION:
Recommended action
Motion to approve and authorize the Chairman and Clerk to execute the Purchase Agreement.
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