Explanation
Background: As part of its "Green Fleet" plan, the City has committed to implementing a Compressed Natural Gas (CNG) vehicle and fuel program as CNG vehicles emit fewer nitrogen oxides and less particulate matter than gas powered vehicles and typically cost between 25-50% less per mile of operation than gasoline or diesel. In order to allow the City to expand its CNG vehicle and fuel program, it desires to acquire property to construct a second CNG fuel station in the northern quadrant of the city to serve its operations located in this area. A property has been identified for acquisition that meets the City's requirements. This legislation authorizes the Director of Finance and Management to execute those documents necessary to purchase that real property located at 2333 Morse Road from Vlade Sekulovski and Dragica Sekulovski, husband and wife, and to expend up to $375,000.00 for all costs associated with said acquisition. Purchase contingencies include, but are not limited to, the satisfactory completion of various site assessments including environmental and engineering assessments. Further legislative action will be required to rezone the property for the City's intended use from its current C-4 zoning to C-5 or CPD. This ordinance is presented as an emergency measure.
Fiscal Impact: This project is funded in the 2012 Capital Improvement Budget. However, bonds have yet to be sold for the project, thus necessitating a certification of $375,000.00 against the Special Income Tax Fund. The Special Income Tax Fund will then subsequently be reimbursed for the funds certified for this purchase when the next bond sale is completed.
Emergency Justification: Emergency action is requested to allow for the immediate execution of the purchase agreement by the City so that the acquisition can proceed in agreement with the closing transaction deadlines and other terms of the purchase contract.
Title
To authorize the Director of the Department o...
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