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ITEM 5
City Council Memorandum Public Works & Utilities Memo No.
RE22-007
Date:
October 11, 2021
To:
Mayor and Council
Thru:
Joshua H. Wright, City Manager
Debra Stapleton, Assistant City Manager
John Knudson, Public Works and Utilities Director
Andrew Goh, Capital Projects Manager
From:
Erich Kuntze, Real Estate Administrator
Subject:
Final Adoption of Ordinance No. 4988, Authorizing the Sale of City Property Located West of the Southwest Corner of Cooper Road and Pecos Road
Proposed Motion:
Move City Council approve final adoption of Ordinance No. 4988, authorizing the sale of City property located west of the southwest corner of Cooper Road and Pecos Road to Felix E. Vivas III and Elva G. Vivas for the sum of $221,000.
Background:
The City owns two parcels of land located west of the southwest corner of Cooper and Pecos roads. The parcels were originally purchased for the Cooper and Pecos roads improvement project constructed in 2007-2008. Since the purchase, the parcels were accepted into the Canyon Oaks Property Owners Association. The City needs to retain a portion of the property adjacent to Pecos Road for a future water pressure relief valve facility. The remaining portion of the property recently appraised for $220,000 or $7.59 per square foot. The City has received an offer from Felix and Elva Vivas to purchase the remaining portion of the property for $221,000 or $7.62 per square foot. Mr. and Mrs. Vivas are currently going through the City’s pre-technical review process to develop the properties.
Staff has reviewed and approved the purchase agreement and legal descriptions.
This Ordinance was introduced and tentatively adopted on September 23, 2021.
Attachments
Location Map
Ordinance No. 4988
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