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18.
Commissioners Court - Regular Session
Meeting Date:
10/30/2018
Title:
Purchase of Office Condominium
Submitted For:
Larry Madsen
Submitted By:
Julia Cooper, Commissioner Pct. #4
Department:
Commissioner Pct. #4
Agenda Category:
Regular Agenda Items

Information

Agenda Item

Discuss, consider and take appropriate action authorizing the County Judge to execute a Real Estate contract with Chinogringo Properties regarding the acquisition by the County of Condominium Unit 100, in the Hutto 321 Office Condominium Project located at 321 Ed Schmidt Blvd., Hutto, Texas.

Background

This is a purchase of 4,200 sq. ft. office condo adjacent to previously purchased condo space by the County from the City of Hutto. Appraised value of the finished Hutto Condo came out at $226 per sq. ft. and the County is purchasing this office space at $200 per sq. ft from the owners. Article VIII Feasibility Period, (60 day feasibility study) of the contract was added by Sheets & Crossfield attorneys so that a third party roof inspection could be made and the County could terminate if problems with roof were found.

Fiscal Impact

Attachments

Form Review

Inbox Reviewed By Date
County Judge Exec Asst. Wendy Coco 10/24/2018 11:36 AM
Form Started By:
jcooper
Started On:
10/24/2018 10:56 AM
Final Approval Date:
10/24/2018