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  Item #   4. C. 5.    
City Council
Meeting Date: 03/11/2019  
Submitted For: Steve Murdock Submitted By: Vicki Martin, Administrative Specialist II

Information
Item
Approval of purchase of property from Hope For Families, Inc. near the southwest corner of Broadway and Danforth, (Purchase price of $28,896.00 plus closing costs).
Background
City staff has been negotiating with Hope For Families, Inc. for the purchase of a small parcel of property (2,408 sq. ft.) adjacent to the City's IT facility near the southwest corner of Broadway and Danforth. The property purchased will allow the City to expand its parking for the IT facility. The parties have reached an agreement as to the purchase price of $28,896.00. Upon approval the City will proceed with the closing of the transaction.
Time Frame
Upon approval.
Issue
Purchase property.
Recommendations
Motion to Approve.
Action Needed
Approval
Public Notification
Posted City Council Agenda.

Fiscal Impact
Funding/Cost: $28,896
Budgeted Item Y/N or N/A: Y
Account:
339001-8403 Rental Property Fund - Land Purchase
Attachments
No file(s) attached.

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