Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable for the sale of approximately 6.041 acres (263,146 square feet) generally located at 4800 Bolm Road, Austin, Texas 78702 - to the Austin Housing Finance Corporation for a total amount not to exceed $3,950,000 including closing costs. Funding: $3,950,000 is available in the Capital Budget of the Austin Housing Finance Corporation.
De
Lead Department
Austin Financial Services.
Fiscal Note
Funding is available in the Capital Budget of the Austin Housing Finance Corporation using 2022 General Obligation Bonds.
Prior Council Action:
April 13, 2023 - Council adopted Resolution No. 20230413-046, directing the City Manager to prioritize the development of deeply affordable housing over all other uses at 4800 Bolm Road, Austin, Texas, 78702 in coordination with the appropriate departments.
September 1, 2022 - Council adopted Resolution No. 20220901-088, directing the City Manager to take steps to coordinate with the Govalle Neighborhood Association, artists, and community members to identify strategies to preserve and incorporate the Bolm Road Mural into any redevelopment of 4800 Bolm Road, Austin, Texas, 78702.
March 8, 2001 - Council approved a Resolution No. 010308-55, approving the amendment to the settlement of Cause No. 2295; City of Austin v. BFI Waste Systems of North America, Inc., et al; Proceedings in Eminent Domain in Probate Court No. 1 of Travis County.
March 9, 2000 - Council approved a Resolution No. 000309-016, approving a settlement of Cause No. 2295; City of Austin v. BFI Waste Systems of North America, Inc., et al; Proceedings in Eminent Domain in Probate Court No. 1 of Travis County, Texas, to acquire 4800 Bolm Road, Austin, Texas.
June 9, 1994 - Council adopted a Resolution No. 19940609-033, authorizing the City Manager to work with ACCO Waste Paper Company, representatives of the Garden Neighborhood, and representatives of Keep ...
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