Jobs
Contact
A-Z
News
Explore
Residents
Business
Government
Open Menu
Close Menu
Explore
Residents
Business
Government
Print
Reading Mode
Back to Calendar
Return
ITEM 44
City Council Memorandum Public Works & Utilities Memo No.
RE23-007
Date:
August 18, 2022
To:
Mayor and Council
Thru:
Joshua H. Wright, City Manager
Andy Bass, Deputy City Manager
John Knudson, Public Works and Utilities Director
Kimberly Moon, Capital Projects Manager
From:
Stephen Shea, Real Estate Program Coordinator
Subject:
Resolution No. 5603 Approving the Acquisition of Real Property Located at the Northeast Corner of Alma School Road and Kingbird Drive Required for the Alma School Road Improvement Project ST2004
Proposed Motion:
Move City Council pass and adopt Resolution No. 5603 approving the acquisition of real property located at the northeast corner of Alma School Road and Kingbird Drive required for the Alma School Road Improvement Project No. ST2004, in the amount of Sixty-Eight Thousand Five Hundred ($68,500.00) dollars, plus closing and escrow fees; authorizing the City’s Real Estate Manager to sign, on behalf of the City, the purchase agreement and any other documents necessary to facilitate this acquisition; and approving relocation services as may be needed and required by law.
Background:
Since February 2021, the City has been negotiating for the acquisition of a portion of the property located at the northeast corner of Alma School Road and Kingbird Drive containing approximately 23,787 square feet. The City’s original offer to purchase was made on June 23, 2021, for the appraised value of $59,322. The property owners submitted a counter-offer to the City in August 2021 in the amount of $132,000. The City rejected this offer. Discussions continued, and the property owners provided another counter-offer of $73,560 on June 22, 2022. In an effort to reach a settlement, the City made a counter-offer in the amount of $68,500, subject to approval of the Chandler City Council, that was accepted by the property owners.
This acquisition is necessary for the Alma School Road Improvement Project (Loop 202 Santan Freeway to Queen Creek Road).
Financial Implications:
Funds for this acquisition will come from funds budgeted for the Alma School Road Improvement Project.
Attachments
Resolution No. 5603
Location Map
AgendaQuick ©2005 - 2024 Destiny Software Inc.
All Rights Reserved.