Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire in fee simple approximately 4.6613 acres (203,045 square feet) of undeveloped land to support the operations of the City of Austin Public Safety Training Campus, which is utilized by the Austin Fire Department, Austin-Travis County Emergency Medical Services, and the Austin Police Department, located at 4416 Shaw Lane, Austin, Travis County, Texas 78744, and being Lot 1A, Shaw Lane Subdivision, a Resubdivision of Lot 7, Amended Plat of Lot 7 and Lot 7A, Martin Shaw Subdivision, a subdivision recorded in Document. No. 202200182 of the Official Public Records of Travis County Texas, from 4416 Shaw Lane, Ltd., in an amount not to exceed $2,238,000 including closing costs. Funding: Funding is available in the Capital Budget of the Financial Services Department. Related to Items #17 and #18.
Body
Lead Department
Financial Services Department.
Fiscal Note
Funding is available in the Capital Budget of the Financial Services Department.
For More Information:
Michael Gates, Financial Services Department, 512-974-5639; Kimberley Olivares, Financial Services Department, 512-974-2924; Brandon Williamson, Financial Services Department, 512-974-5666.
Additional Backup Information:
The proposed acquisition of an approximately 4.6613-acre tract of undeveloped land will allow the expansion of the City of Austin Public Safety Training Campus, which is utilized by the Austin Fire Department, Austin-Travis County Emergency Medical Services, and the Austin Police Department. The property is located at 4416 Shaw Lane, Austin, Texas, 78744, across from the City of Austin Public Safety Training Campus.
An independent, third-party appraisal was procured to establish the fair market value of the proposed acquisition. The appraisal report supports the purchase price of $2,233,509. The amount of the purchase price plus closing costs is not to exceed $2,238,00...
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