Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to grant in fee simple Lot 1, Block A, Norman Commons Subdivision, a subdivision in the City of Austin, Travis County, Texas, according to the plat thereof recorded in Document No. 202300220 of the Official Public Records, Travis County, Texas, located at or near 3801 Tannehill Lane, Austin, Texas 78721, to Guadalupe Neighborhood Development Corporation for the development of approximately 32 affordable ownership units. Funding: Approving this transfer does not constitute any obligation of Austin Housing Finance Corporation or the City of Austin to cover any costs associated with the transfer.
De
Lead Department
Austin Housing Finance Corporation
Fiscal Note
Approving this transfer does not constitute any obligation of Austin Housing Finance Corporation or the City of Austin to cover any costs associated with the transfer.
Prior Council Action:
October 13, 2016: Council adopted Resolution No. 20161013-005, directing the City Manager to explore the economic and legal feasibility of a joint affordable housing project that could include the City of Austin and the Austin Independent School District.
November 3, 2016: Council adopted Resolution No. 20161103-045, directing the City Manager to work with public entities, such as the Austin Independent School District, to identify opportunities for creating affordable housing.
December 8, 2016: Council authorized submission, negotiation and execution of all documents and instruments necessary or desirable for the acquisition of real property, offered through an invitation for bid by Austin Independent School District, located at (1) the northwest corner of Doris Drive and Hathaway Drive [District 7], (2) 3908 Avenue B [District 9], (3) the northeast corner of Jackie Robinson Street and Tannehill Lane [District 1], (4) the southeast portion of 411 East Alpine Road [District 3], (5) the southwest corner ...
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