Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire in fee simple approximately 0.328 acres (14,306 square feet) of land generally located at 704 Wren Avenue, Austin, Texas 78233, being all of Lot 98, Walnut Forest, a subdivision in Travis County, Texas, according to the map or plat thereof recorded in Volume 6, Page 127, Plat Records of Travis County, Texas, from Aracely L. Montes and Braulio Salvador Ramirez, for park and recreation purposes, for a total amount not to exceed $420,000, including closing costs. Funding: $420,000 is available in the Capital Budget of Austin Parks and Recreation.
De
Lead Department
Austin Financial Services.
Fiscal Note
Funding is available in the Capital Budget of Austin Parks and Recreation.
For More Information:
Brandon Williamson, Austin Financial Services, 512-974-5666; Michael Gates, Austin Financial Services, 512-974-5639; Randy Scott, Austin Parks and Recreation, 512-974-9484.
Additional Backup Information:
This proposed acquisition is for park and recreation purposes. It consists of approximately 0.328 acres located south of Northern Walnut Creek Greenbelt, west of Interstate 35. This acquisition would provide a new access point to the Northern Walnut Creek Greenbelt system in alignment with the recommendations identified in the Parks and Recreation Department’s Long-Range Plan, Our Parks, Our Future. The site, in addition to the recently acquired adjacent site, expands park access to an estimated 246 additional residents. This acquisition is funded through parkland dedication funds.
An independent third-party appraisal was procured to establish the fair market value of the proposed acquisition. The appraisal supports the purchase price of $410,000. The amount of the purchase price plus closing costs is not to exceed $420,000.