Item 34: Consider Approval of Ordinance 2021-53 for City Purchase of Land Located at 1414-1420 River Road

[COSM_Admin]

Consider approval of Ordinance 2021-53, on the first of two readings, approving an agreement with G&H Rental Properties, LLC providing for the City to purchase 0.110 acres of land located at 1414-1420 River Road for a price of $24,000.00, plus associated closing costs, and also providing for the exchange of an adjacent 0.111 acres owned by the City at 1412 River Road as further consideration for such purchase in connection with
the Blanco Riverine Flood Mitigation Project; authorizing the City Manager, or his designee, to execute said agreement and associated closing documents; and declaring an effective date.

 

[MDerrick]

"The acquisition area includes a shade structure and amenity area for the property owner and residents" - will this be considered city parkland/easement that will be maintained by the city? Will it be insured as such?

Thanks!

 

[COSM_Admin]

Response provided by Director of Engineering/CIP, Laurie Moyer:

The current shade structure and amenity area will be removed by the project for the construction of the flood wall. In the future this area will be drainage ROW/green space/City property. The swapped area will be owned by the property owner and covered by their insurance.