(8)(d)
CITY COMMISSION REGULAR MTG
- Meeting Date:
- 02/05/2025
- Title:
- GCAD Payment for Annual Appraisal Service
- Submitted For:
- Cynthia Rushing
- Submitted By:
- Cynthia Rushing, Finance
- Department:
- Finance
Information
ACTION REQUEST
Consideration of and action on City of Texas City Authorizing the payment to Galveston County Appraisal District (GCAD) for the annual property appraisal for the City of Texas City for $349,284.93 and Budget Amendment for $85,284.93.
BACKGROUND (Brief Summary)
Each year, GCAD performs the property appraisal service for all properties in the City of Texas.
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The 2025 fee of $349K exceeds the budget amount of $264K, resulting in a budget shortfall of $85,284.93, which requires a budget amendment.
The 2025 fee of $349K exceeds the budget amount of $264K, resulting in a budget shortfall of $85,284.93, which requires a budget amendment.
RECOMMENDATION
Staff request the approval to pay GCAD for the annual appraisal service.
Fiscal Impact
- Funds Available Y/N:
- n
- Amount Requested:
- 349284.93
- Source of Funds:
- GENERAL FUND
- Account #:
- 101101-53690
Fiscal Impact:
Requesting budget amendment for $85,284.93.