Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire in fee simple Units 1, 3, 4, 5, 6, B1, B2, and B3 in the 5202 Office Building Condominiums, a condominium project in Travis County, Texas, according to the Declaration of Condominium recorded under Document No. 2017088520 of the Official Public Records of Travis County Texas and amendments thereto, and an easement estate for access as created and defined in the Declaration of Easements, Covenants and Restrictions recorded under Document No. 2017050690 of the Official Public Records of Travis County, Texas, said condominium project having a street address of 5202 East Ben White Boulevard, Austin, Texas 78741 from Thor 5202 Ben White, LLC and Thor 5202 Ben White TIC, LLC, as tenants-in-common for a total amount not to exceed $71,540,917 including closing costs. Related to items #4 and #5.
De
Lead Department
Financial Services Department.
Fiscal Note
Funding is available in the Capital Budget of the Financial Services Department.
Prior Council Action:
August 30, 2018 - Council approved a lease for the Austin Public Health Department with 5204 Ben White 2017, LP, a Texas Limited Partnership, for property located at 5202 Ben White Boulevard.
June 28, 2018 - Council approved a lease for the Corridor Program Office with 5204 Ben White 2017, LP, a Texas Limited Partnership, located at 5202 E. Ben White Boulevard.
June 14, 2018 - Council approved a lease for storage space for the Austin Code Department, Economic Development Department, and Human Resources Department with 5204 Ben White 2017, LP, a Texas Limited Partnership, located at 5202 Ben White Boulevard.
September 28, 2017 - Council approved a lease for office space for the Development Services Department and Austin Energy, at 5202 East Ben White Boulevard, in Austin, Travis County, Texas, from 5204 Ben White 2017, LP, a Texas Limited Partnership.
For More Information:
Michael Gates,...
Click here for full text