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| August 29, 2019, City Council Regular Meeting | |
| Title 33. Motion to Authorize the City Manager to Execute a Purchase and Sale Agreement with Chatham Steel for an Easement at 0 West Gwinnett Street (PIN 20046 03013) | |
| Strategic Priority Infrastructure | |
| Description Request authorizaton for the City Manager to execute a purchase and sale agreement with Chatham Steel for an easement at 0 West Gwinnett Street (PIN 20046 03013). This acquitition helps facilitate the West Gwinnett Street Road Widening Project. This property is owned by Chatham Steel Corporation and is located on the north side of West Gwinnett Street, west of West Boundary Street. As determined by a third-party, well-qualified appraiser, fair market value for the right-of-way and easement totals $500. Chatham Steel has countered with $500 and attorneys fees, and staff reccomends approval of the counter offer. Staff further requests approval for the City Manager to execute all associated closing documents. | |
| Recommendation Approval | |
| Contact David Keating, Director of Real Estate Services | |
| Financial Impact Expenditure of $500 plus Attorney's Fees from the West Gwinnett Street Widening Fund | |
| Review Comments | |
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Attachments Exhibit 1: Final Easement - Chatham Steel.pdf Exhibit 2: Map - Chatham Steel.pdf |
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