 |
AGENDA ITEM REVIEW FORM |
7.F.
Regular City Council Meeting
- Meeting Date:
- 11/08/2023
- Department Head:
- Jenny Torres
- Submitted By:
- Yigal Duarte, Economic Development Assistant, Administration, Economic Development
Action Requested:
Motion
Order
Order
ITEM:
Discussion and possible action on any and all matters regarding Order No. 2023-12. An Order of the Mayor and City Council of the City of San Luis, Arizona, (1) authorizing and directing the acquisition of all property necessary for the construction of a new storm water retention basin and storm water collection system by dedication, donation, purchase, exchange, or under the power of eminent domain as a matter of public necessity, and (2) authorizing the transfer of funds to make up the shortfall from the general fund for the acquisitions, and (3) authorizing the City Manager to take any and all actions in furtherance of the acquisitions. (Jenny Torres, Acting City Manager)
SUMMARY:
The City of San Luis developed a drainage master plan for the downtown to assess the efficiency of the existing stormwater drainage infrastructure in the downtown and determine the effects of the increased urban density on stormwater runoff and additional infrastructure needed to accommodate such increased urban density. The master plan recommended the purchase of four vacant properties located on C Street and 2nd Avenue, totaling 46,080 square feet or 1.06 acres in a commercial zone. AXIA real estate appraisals conducted the appraisals of 1.06 acres and provided a market value of the property. Staff is requesting authorization to take any required action to complete the purchase of the four properties.
RECOMMENDATION / SUGGESTED MOTION:
I MOVE TO APPROVE ORDER NO. 2023-12, THE AUTHORIZATION OF BUDGET TRANSFERS FROM THE ACCOUNTS AS STATED IN THE FISCAL IMPACT AND AUTHORIZE THE CITY MANAGER TO TAKE SUCH ACTIONS AS MAY BE NEEDED TO CLOSE ESCROW ACCORDING TO THE TERMS IN THE OFFER PACKAGES.
Fiscal Impact
- IS THERE FISCAL IMPACT ASSOCIATED WITH THIS ITEM:
- Yes
- CITY/STATE/FEDERAL FUNDS:
- City
- TOTAL:
- $375,000.00
- BUDGETED AMOUNT:
- $320,000.00
- AVAILABLE AMOUNT TO TRANSFER:
- $396,814.00
- ACCT NAME & GL#/REMAINING BALANCE BEFORE PURCHASE:
- See fiscal impact statement
FISCAL IMPACT STATEMENT (IF THIS IS A BUDGET TRANSFER, YOU MUST ATTACH THE BUDGET ADJUSTMENT FORM):
The City budgeted $320,000.00 from Account No. 100-999-90015 for the downtown drainage. The City is paying $13,913.58 to CEI, consultant for the land acquisition. We have a shortfall of $69,000.00. We are asking approval from council to transfer budget capacity in the amount of $69,000.00 from Account No. 255-210-90015.219 to Account No. 100-999-90015 to have the necessary budget to complete this purchase.