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Meeting Date:
01/23/2023
Purchase Of Property - 5001 Taylorsville Road - New Public Works Facility
Submitted By:
Bryan Chodkowski
Department:
Council Committee Review?:
Council Work Session
Date(s) of Committee Review:
01/17/2023
Audio-Visual Needs:
None
Emergency Legislation?:
No
Motion/Ordinance/
Resolution No.:
2023-R-7228
Agenda Item Description or Legislation Title
A Resolution Authorizing The City Manager To Purchase Montgomery County Parcel Number P70 01922 0001, Commonly Addressed As 5001 Taylorsville Road, For The Purposes Of Constructing A New City Public Works Division Facility.
(first reading)
Purpose and Background
The City's Public Works Division is currently collocated on property with the City's Fire Division and operates out of a building constructed in 1955. This cooperative condition, coupled with the use of a building from 1955 which is no longer functionally or structurally sufficient to support the current and future needs of the Public Works Division, compels the City to construct a new public works facility to meet the needs of the Public Works Division. The property located at 5001 Taylorsville Road is currently for sale and meets several key features necessary for a new Public Works Division facility, including relevance to surrounding land use, direct access to major thoroughfares, and proximity to City Hall. Approval of this legislation would authorize the purchase of 5001 Taylorsville Road for use as the site for the City's future Public Works Division facility.
Fiscal Impact
Source of Funds:
Capital Improvement Fund
Cost:
$525,000
Recurring Cost? (Yes/No):
No
Funds Available in Current Budget? (Yes/No):
No
Financial Implications:
The purchase price of the Property shall be Five Hundred Twenty-five Thousand ($525,000.00) Dollars; excluding fees, expenses, and charges customarily paid by the purchaser of commercial real estate for transactions conducted in Montgomery County, Ohio. Funds necessary to acquire the Property shall be drawn from the Capital Improvement Fund, on advance from the General Fund, until such time as permanent financing is secured by the City through the issuance of bonds at a future date.
Attachments
Resolution
2023-R-7228
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