File #: 24-7463    Version: 1 Name: Contract of Sale with Oncor Delivery Company, LLC
Type: Agenda Item Status: Passed
File created: 11/15/2024 In control: City Council
On agenda: 11/18/2024 Final action: 11/18/2024
Title: Authorize the City Manager to execute a Contract of Sale between the City of Mesquite and Oncor Delivery Company LLC for the sale of 1.510 acres of City-owned land generally located at Gross Road and Windbell Circle for the fair market value purchase price of $230,209.00 and to execute such other documents necessary to close the transaction.

Title

Authorize the City Manager to execute a Contract of Sale between the City of Mesquite and Oncor Delivery Company LLC for the sale of 1.510 acres of City-owned land generally located at Gross Road and Windbell Circle for the fair market value purchase price of $230,209.00 and to execute such other documents necessary to close the transaction.

 

Body

In order to meet the demands of increased electricity demands throughout the City, Oncor approached the City regarding an expansion of the transfer station located on Gross Road, adjacent to Westlake Park.  The property is unused for City purposes due to its small size and limited access for the public.  Expansion of the substation is preferable to Oncor as it eliminates the need to extend additional overhead power lines and provides efficiency in their operations.  Oncor will compensate the City for the fair market value of the property.  Proceeds from the sale will be placed in Capital Projects Reserve Fund. 

 

Recommended/Desired Action

Staff recommends approval.

 

Drafter

Sonja Land

 

Head of Department

Cliff Keheley