Title
Authorize the City Manager to finalize and execute all necessary documents for the acquisition of property located at 4503 Oates Drive, Mesquite, Texas, in the amount of $160,000.00, and to take all actions necessary to complete the purchase.
Body
In order to support the continued redevelopment of the Gus Thomasson Corridor, the City has identified the need to acquire approximately .46 acres of land located at 4503 Oates Drive for the purpose of creating access to several businesses located on Gus Thomasson. This property would allow the construction of an access drive that would provide solid waste and deliver services to adjacent businesses. The access drive will also provide direct access to city property locate adjacent to the drainage channel in this area.
Financial Implications
The total cost for the property is $160,000.00. Funding for the purchase would be through the Gus Thomasson Tax Increment Reinvestment Zone.
Recommended/Desired Action
Staff recommends the City Manager be authorized to finalize and execute all necessary documents for the acquisition of property located at 4503 Oates Drive.
Drafter
Alberto Rivera
Head of Department
Kim Buttram