Posting Language:
Title
Authorize the negotiation and execution of all documents necessary to resolve an exception to title and facilitate a previous transfer of real property by Austin Housing Finance Corporation to City of Austin described as Parcel 7 (1103 Juniper Street) and Parcel 8 (1159 Waller Street) in a General Warranty Deed dated June 26, 2003, recorded as Document No. 2003221044 of the Official Public Records of Travis County, Texas.
De
Lead Department:
Austin Housing Finance Corporation.
Prior Council Action:
November 3, 2022 - Council authorized the negotiation and execution of the third amendment to extend the Agreement Concerning Implementation of the East 11th and 12th Streets Urban Renewal Plan between the City and the Urban Renewal Agency (URA).
October 14, 2021 - Council approved the second extension of the Agreement Concerning Implementation of the East 11th and 12th Streets Urban Renewal Plan between the City and the URA; expiration date September 30, 2022.
June 11, 2020 - Council approved the first extension of the Agreement Concerning Implementation of the East 11th and 12th Streets Urban Renewal Plan between the City and URA; expiration date September 30, 2021.
For More Information:
Rosie Truelove, Treasurer, Austin Housing Finance Corporation, 512-974-3064; and Mandy DeMayo, Deputy Director, Housing and Planning Department, 512-974-1091.
Additional Backup Information:
The URA owns most of the parcels located at Blocks 16 and 18 along East 11th Street in East Austin, among other real property within the Urban Renewal Plan area. As an effort to implement the East 11th and 12th Streets Urban Renewal Plan, the URA executed a Memorandum of Understanding with the Austin Economic Development Corporation at the end of 2021 to assist with the request for proposals that will ultimately lead to the development of these Blocks. A title commitment policy secured for Blocks 16 and 18 in anticipation of their development identified an except...
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