Posting Language
Title
Authorize execution of all documents and instruments necessary or desirable to amend the use and development restrictions and requirements imposed in the Correction Special Warranty Deed from the City to Perry Lorenz conveying the 11,376-square-foot property located at the northeast corner of West Third Street and North Lamar Boulevard, commonly known as 301 ½ North Lamar Boulevard. Funding: This item has no fiscal impact.
De
Lead Department
Austin Financial Services.
Fiscal Note
This item has no fiscal impact.
Prior Council Action:
June 7, 2007 - City Council approved Ordinance No. 20070607-072 authorizing the City Manager to accept the sealed bid offer of $1,301,000 from Perry Lorenz for the sale of an 11,376-square-foot tract of land located at the northeast corner of West Third Street and North Lamar Boulevard, commonly known as 301 ½ North Lamar.
For More Information:
Brandon Williamson, Austin Financial Services, 512-974-5666; Michael Gates, Austin Financial Services, 512-974-5639.
Additional Backup Information:
In 2007, Council authorized the sale of the property located at the northeast corner of West Third Street and North Lamar Boulevard, commonly known as 301 ½ North Lamar, to Perry Lorenz, the highest bidder, for $1,301,000. The request for proposals required any buyer to accept deed restrictions governing certain aspects of the property's use and development.
In 2015, a Correction Special Warranty Deed was recorded for the property, amending the deed restrictions to attach site-specific streetscape requirements and to extend the time the property owner had to construct his project. The restrictions are set forth in the deed recorded in Document No. 2015170720 of the Official Public Records of Travis County, Texas. These restrictions remain applicable to the property and are the subject of the proposed amendment.
The proposed amendment would revise the existing deed restrictions by deleting Items (5), (6), and (8) from ...
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