Bill Type and Number: Ordinance 2007-187

Sponsor: Council President at the Request of the Mayor

Date of Introduction: February 13, 2007

Committee(s) of Reference: F; TEUS

Date of Analysis: February 15, 2007

Type of Action: Property Purchase Approval

Bill Summary: This bill approves the purchase of certain real property in Brooklyn from JEA. Authorization is given the Mayor, or designee, and Corporation Secretary to execute the Real Estate Purchase Agreement and other necessary documents.

Background Information: The property is located on Forest Street, in the vicinity of Riverside Avenue. It is being purchased for the assessed value of $33,060. The property is located in the middle of a parcel owned by the City, and it is being purchased to give the City one contiguous parcel of property for development.

Policy Impact Area: Real Estate; Community Redevelopment

Fiscal Impact: The purchase price for the property is $33,060

Analyst: Campbell