Title
APPROVE PURCHASE OF 1440 INDUSTRIAL WAY
COUNCIL STRATEGIC INITIATIVE ADDRESSED:
Provide sustainable water quality & environmental infrastructure.
SUMMARY STATEMENT:
The property at 1440 Industrial Way was offered for sale by the property owner. This property abuts the City's Utilities Operations Center on Industrial Way, with two common property lines. Purchase of this property will provide additional space and shop facilities for the City's water and sewer operations.
FINANCIAL SUMMARY:
The cost to purchase this property is $250,000 plus closing costs, for a total estimated cost of $251,979.84. The cost of this purchase was budgeted in the Water Construction Fund and Sewer Construction Fund, with each fund paying 50% of the costs.
RECOMMENDED ACTION:
Motion approving purchase of the property at 1440 Industrial Way.