Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire, on behalf of Austin Watershed Protection, in fee simple approximately 0.097 acres (4,240 square feet) of land, being Lot 1, Brykerwoods Annex, a subdivision in Travis County, Texas, according to the map or plat recorded in Volume 4, Page 317, of the Plat Records of Travis County, Texas, generally located at 3000 Funston Street, Austin, Texas 78703, from the Austin Housing Finance Corporation for a total amount not to exceed $1,000, including closing costs. Funding: $1,000 is available in the Capital Budget of Austin Watershed Protection.
De
Lead Department
Austin Financial Services.
Fiscal Note
Funding is available in the Capital Budget of Austin Watershed Protection.
Prior Council Action:
November 15, 2018 – Council approved the transfer in fee simple Lot 1, Brykerwoods Annex to the Austin Housing Finance Corporation for the development of affordable residential housing.
For More Information:
Brandon Williamson, Austin Financial Services, 512-974-5666; Michael Gates, Austin Financial Services, 512-974-5639; Deletta Dean, Treasurer, Austin Housing Finance Corporation, 512-978-1410.
Additional Backup Information:
In 1970, the City purchased 3000 Funston Street as part of a MoPac expansion project using street and bridge funds. The Texas Department of Transportation used a portion of the lot for the construction of MoPac and the City has not used the remaining lot since.
In 2018 the City granted Austin Housing Finance Corporation (AHFC) a right of first acceptance for surplus property owned by the City for use in developing affordable residential housing pursuant to the S.M.A.R.T Housing Program. Following Council approval, the property was declared surplus and transferred to AHFC for development of a single-family home that would be part of the AHFC Community Land Trust portfolio. In 2020, a neighborhood group filed suit shortly aft...
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