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| August 15, 2019, City Council Regular Meeting | |
| Title 34. Motion to Authorize the City Manager to Execute a Purchase and Sale Agreement with Charles M. Brown for Property at 1308 West Gwinnett Street in the Amount of $30,000 Plus Closing Costs (PIN: 2-0046-01-009) | |
| Strategic Priority Infrastructure | |
| Description Requesting approval for acquisition of the property located at 1308 West Gwinnett Street (PIN 20046 01009). This property is owned by the Estate of Ruby Idella Brown, and is located on the north side of West Gwinnett Street, west of Stiles Avenue. Part of the property is needed to widen the right-of-way as part of the Gwinnett Street project. The remainder property is being acquired to provide a point of access from West Gwinnett Street to another adjoining City property. As determined by a third-party, well-qualified appraiser, the fair market value for the property totals $20,500. Mr. Charles M. Brown, administrator for the Estate counter-offered for $40,000. The parties have agreed to settle at $30,000 with the City paying all closing costs. | |
| Recommendation Approval | |
| Contact David Keating, Director of Real Estate Services | |
| Financial Impact Expenditure of $1,500 from the Gwinnett Street Widening Project, and $28,500 from the Westside Land Assemblage Project. | |
| Review Comments | |
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Attachments Exhibit 1: Map - 1308 West Gwinnett.pdf Exhibit 2: Funding Verification - 1308 West Gwinnett.pdf |
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