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AI# 10350
Regular City Council Meeting
7.28.
01/11/2022:
Information
Agenda Item
Resolution - Community Development:
Consider a resolution approving the price and conditions of sale for the Contract of Sale of Land by the Urban Renewal Agency (URA) to Madewell Real Estate Management, LLC, for the certain parcels of land located at 1821 and 1823 East Harvard Avenue, Lubbock, Texas, legally described as Lots Sixty-Three (63) and Sixty-Four (64), Kings Dominion Addition to the City of Lubbock, Lubbock County, Texas.
Item Summary
This is a routine sale of residential vacant lots owned by the Urban Renewal Agency (URA) and located at 1821 and 1823 East Harvard Avenue, Lubbock, Texas.
The sale is to Madewell Real Estate Management, LLC, for new construction of 2 single-family residential houses in Kings Dominion.
The URA Board approved the bid and sale of these two lots at the URA meeting October 19, 2021.
Fiscal Impact
The sale of lots will generate $6,300 of revenue to URA. There is no fiscal impact to the General Fund.
Staff/Board Recommending
Bill Howerton, Deputy City Manager
Karen Murfee, Director of Community Development
Attachments
Resolution Madewell
Sales Contract
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