Title
Consideration of and action on an ordinance amending the Fiscal Year 2019-2020 Capital Improvements Fund Budget for the purchase of real property.
Body
Summary:
At this time, the City has the opportunity to purchase real property from the Port of Houston Authority of Harris County for future use. This property is located in the 600 block of West 13th Street and adjoins multiple properties owned by the City, including the western entrance to the Jimmy Burke Activity Center, the Battleground Golf Course, and the Ella & Friends Dog Park. The Port of Houston Authority has owned the property for many years and recently agreed to sell it to the City for its appraised value. A copy of the Unimproved Property Contract and the Metes and Bounds Description is attached.
The property is described as follows: a tract of land containing 1.4538 acres of land, more or less, lying in the Thomas Earle Survey, Abstract No. 18, in Harris County, Texas, said 1.4538 acre tract of land being part of that certain 11.8049 acre tract of land conveyed by Brad C. Thompson, Trustee to Lonnie D. Harrison by a General Warranty Deed dated June 30, 1972 and recorded on film code number 146-31-1069 of the Deed Records of Harris County, Texas.
It is necessary to amend the Fiscal Year 2019-2020 Capital Improvements Fund budget in the amount of $205,000.00 to accommodate this transaction, to be funded by the contingency of the Capital Improvements Fund, which is available for this purpose.
Fiscal/Budgetary Impact:
Increase the Fiscal Year 2019-2020 Capital Improvements Fund Budget for the amount of $205,000.00 for the purchase of real property for future use (Account 090-105-49010, Land and Land Rights) to be funded by the contingency of the Capital Improvements Fund, which is available for this purpose.
Recommended action
Approve the ordinance to amend the Fiscal Year 2019-2020 Budget for the Capital Improvements Fund for the purchase of real property.