Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire a building for an Austin Resource Recovery reuse warehouse for the redistribution of gently used furniture. The acquisition consists of fee simple ownership of an approximately 0.985 acre lot including an approximately 13,200 square foot building situated on Lot(s) 1, Block B, Resubdivision of Lots 1, 2, 5 & 6, Block B, Bilton Subdivision, a subdivision in Travis County, Texas, according to the map or plat thereof, recorded in Volume 92, Page 153 of the Plat Records of Travis County, Texas generally located at 9201 Metric Blvd., Austin, Texas 78741, from Amerio Investments, LLC for a total amount not to exceed $4,425,000 including closing costs. Funding: $4,425,000 is available in the Capital Budget of Austin Resource Recovery.
De
Lead Department
Austin Financial Services.
Fiscal Note
Funding is available in the Capital Budget of Austin Resource Recovery.
Prior Council Action:
August 16, 2023: Approval of an ordinance amending the Fiscal Year 2023-2024 Austin Resource Recovery Operating Budget Special Revenue Fund (Ordinance 20230816-008) to accept and appropriate $4,000,000 in grant funds from the United States Environmental Protection Agency for a reuse warehouse project and amending the Fiscal Year 2023-2024 Austin Resource Recovery Capital Budget (Ordinance 20230816-008) to transfer and appropriate $4,000,000.
For More Information:
Brandon Williamson, Austin Financial Services, 512-974-5666; Michael Gates, Austin Financial Services, 512-974-5639; Richard McHale, 512+974-4301, Austin Resource Recovery.
Additional Backup Information:
This proposed acquisition is for 9201 Metric Blvd., an approximately 0.985-acre lot including an approximately 13,200 square foot building for Austin Resource Recovery to operate a reuse warehouse, which would accept and redistribute gently used furniture at no cost to clients, with a focus on furnishi...
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