File #: 19-1930    Version: 1 Name:
Type: Report Action Item Status: Reported from Committee
File created: 12/12/2019 In control: Finance Committee
On agenda: 12/18/2019 Final action: 12/18/2019
Title: Request to approve the purchase of property at 3001 E Glendale Avenue for $455,000 along with an additional $45,000 for potential site remediation costs and $3,000 for closing costs, and approve the following related 2019 Budget amendment: Public Works Capital Projects Fund Land +$503,000 Asphalt Paving Program - $175,000 Bridge Improvement Program - $ 75,000 Transfer from Facilities Cap Projects Fund - $253,000 Facilities Capital Projects Fund Transfer to Public Works Cap Projects Fund +$253,000 Blue Ramp Demolition Project - $253,000 to provide funding for the purchase of land adjacent to MSB (2/3 vote of Common Council required)
Attachments: 1. 3001 E Glendale Purchase memo 12-5-19 FINAL.pdf, 2. 3001 E Glendale_LRR Listing Sheet_11-18-19.pdf, 3. 3001 E Glendale_AO with Counter 1 & 2.pdf

Title

Request to approve the purchase of property at 3001 E Glendale Avenue for $455,000 along with an additional $45,000 for potential site remediation costs and $3,000 for closing costs, and approve the following related 2019 Budget amendment:

 

Public Works Capital Projects Fund

Land                                                                                                                                                                                                                                                            +$503,000

Asphalt Paving Program                                                                                                                              - $175,000                     

Bridge Improvement Program                                                                                                         - $  75,000

Transfer from Facilities Cap Projects Fund                     - $253,000

 

Facilities Capital Projects Fund

Transfer to Public Works Cap Projects Fund                      +$253,000

Blue Ramp Demolition Project                                                                                                         - $253,000

 

to provide funding for the purchase of land adjacent to MSB (2/3 vote of Common Council required)