Bill Type and Number:  Ordinance 2007-456

 

Sponsor: The Council President at the request of the Mayor:

 

Date of Introduction: April 24, 2007

 

Committee(s) of Reference: F; TEUS

 

Date of Analysis: April 27, 2007

 

Type of Action: Purchase Approval & Authorization

 

Bill Summary: This ordinance approves the purchase and authorizes the Mayor and Corporation Secretary to execute all contracts, deeds and closing documents and to take all necessary action to effectuate the purchase of real property from Robert A. Assaf and Ernest L. Beaton for $260,000, Parcel 100-1 of RE# 021030-0000 on Broward Road in Council District 8.

 

Background Information: The Real Estate Division is seeking authorization to purchase this parcel to build a retention pond that would be a component of the Broward Road Improvement Project near the intersection of Broward Road and Lem Turner Road.

 

Policy Impact: Public Works/Real Estate

 

Fiscal Impact: This legislation approves and authorizes the purchase of real property for the amount of $260,000.

 

Analyst: Jackson