AI- 37368
Precinct #4 18.A.
CC REGULAR
- Meeting Date:
- 03/05/2013
- Submitted By:
- Monica Badillo, EXECUTIVE OFFICE
- Department:
Information
CAPTION
Approval of Interlocal Cooperation Agreement between the County of Hidalgo and the Edinburg CISD (acquire tract of land for park purposes)
BACKGROUND
Funding AI #37376
Fiscal Impact
- FISCAL YEAR:
- 2013
- ACCT. #:
- 3-1342-431-00-124-124-0-719
- FUNDS AVAILABLE Y/N?:
- Y/Pending
- MATCHING FUNDS Y/N?:
BUDGETARY IMPACT:
Funding pending approval of interdept. transfer (AI# 37376 3-5-13)Reference:
Pg 2 -f. The County will be responsible for replacing or paying District the
fair market value for any improvements presently existing on the Tract, but not
specifically listed in this Interlocal Agreement.
Pg 2 - 4. At Closing, County shall pay the District the sum of $175,000.00 (the
“Purchase Price”) and recording fees, plus the fair market value of any
improvements described in number paragraph 2(f) above.
Pg 3 - 6. All costs, adjustments and expenses of Closing shall be borne as follows:
a. Each party shall pay its own attorney’s fees;
b. County shall pay the cost of recording instruments presented by the
District; and
c. District shall pay all other costs including costs of the Owner’s Policy
of Title Insurance.
Attachments
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Budget and Management | Obdett Calzada | 02/28/2013 02:29 PM |
| Purchasing / Internal | Alejandro Garcia | 03/01/2013 05:20 PM |
- Form Started By:
- Monica Salinas
- Started On:
- 02/28/2013 01:46 PM
- Final Approval Date:
- 03/01/2013