Title
Property Purchase at 823 NE 17th Street - Duval Replat Project (B)
Explanation
The City of Gainesville is working to purchase small, vacant and often "unbuildable" lots in the Duval neighborhood. This will allow for the substandard lots to be combined, thereby creating property on which the Housing Department may build infill housing for low-to-moderate income families. Staff has negotiated a purchase for three properties owned by the same owner. Appraisals were obtained on all three properties, with the property located at 823 NE 17th Street (Tax Parcel # 10679-005-000) being appraised at $38,000. City Commission approval is required on property purchases greater than $25,000.
Fiscal Note
Funds are available in Community Development Block Grant Fund.
Recommendation
The City Commission: 1) approve the purchase of Tax Parcel # 10679-005-000 located at 823 NE 17th Street at a cost of $38,000; and 2) authorize the Interim City Manager to execute the appropriate documents needed to facilitate the purchase, subject to approval by the City Attorney as to form and legality.