Explanation
1. BACKGROUND
This ordinance authorizes the establishment of a hire & acquire fund that will be used by the City Attorney's Office, Real Estate Division, to acquire an approximate 10 acre property, being all of tax parcel number 010-005386, needed for the Roadway Improvements - Stormwater Regional Basin (Eastland) project. This property is located behind the old Eastland Mall development, generally west of Hamilton Road and north of Refugee Road, and just west of the Kimberly Parkway East roadway.
The Department of Public Service is engaged in the Roadway Improvements - Stormwater Regional Basins project. The project will construct regional stormwater basins within watersheds that have upcoming projects in order to meet the Stormwater Drainage Manual requirements. The City Attorney’s Office, Real Estate Division, will acquire the property rights required for the performance of the project. The City Attorney’s Office may negotiate directly with the property owner. The funds established with this ordinance will pay for the use of professional services and for the acquisition of the property rights.
The cost to acquire the property rights is currently estimated at $300,000.00. If the cost to acquire the needed property rights should exceed this estimate, an additional ordinance will be submitted to Council requesting the needed funding.
2. FISCAL IMPACT
Funding in the amount of $300,000.00 is available and appropriated for this expenditure in Fund 7704, the Streets and Highways Bond Fund.
3. EMERGENCY DESIGNATION
Emergency action is requested to provide necessary property rights acquisition funding and prevent unnecessary delays in the Department of Public Service's Capital Improvement Program.
Title
To authorize the City Attorney's Office to contract for professional services relative to the acquisition of property rights needed for the Roadway Improvements - Stormwater Regional Basins project; to authorize the City Attorney's Offic...
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