HomeMy WebLinkAbout(0082) M&C 20-0292 (2)City of Fort Worth,
Mayor and
DATE: 05/05/20
Texas
Council Communication
LOG NAME: 21913 HIGH WOODS DRIVE
SUBJECT
M&C FILE NUMBER: M&C 20-0292
Authorize the Voluntary Acquisition of a Fee Simple Interest in Lot 5, Block 27 of Woodhaven Country Club Estate, Located at 913 High Woods
Trail, Fort Worth, Texas from Viola M. Noble in the Amount of $255,000.00 and Pay Estimated Closing Costs in the Amount of $7,000.00 for a
Total Cost of $ $262,000.00 and Authorize a 30-Day Seller's Temporary Residential Leaseback for the High Woods Storm Drain Reconstruction
Project (COUNCIL DISTRICT 4)
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize the voluntary acquisition of a fee simple interest in Lot 5, Block 27 of Woodhaven Country Club Estate, being approximately 0.4077
acres of land and improvements located at 913 High Wood Trail, Fort Worth, Texas, from Viola M. Noble in the amount of $255,000.00;
2. Authorize the acceptance of the conveyance, the recording of the appropriate instrument, and payment of estimated closing costs up to
$7,000.00;
3. Authorize a 30-day Seller's Temporary Residential Leaseback; and
4. Authorize the City Manager or his designee to execute and record the appropriate conveyance documents.
DISCUSSION:
The home at 913 High Woods Trail has experienced flooding due to a blockage in the storm drain line running adjacent to the home. While City
crews have removed the blockage, permanent repairs to the storm drain and an adjacent retaining wall are required. This repair work will affect
accessibility to the property for an extended period of time and may result in damage to the home and foundation.
Therefore, City staff recommend purchasing the property and re -selling the property once work on the storm drain infrastructure is complete. The
property owner has agreed to participate in this voluntary acquisition program.
An independent appraisal was obtained to establish the fair market value of the property. The owner has agreed to sell the property and signed the
City's sale and purchase contract in the amount of $255,000.00. The real estate taxes will be pro -rated with the seller responsible for taxes due up
to the closing date. The City will pay closing costs up to $7,000.00. There will be no assistance of Relocation Allowance or Moving Cost to the
sellers as this is a voluntary sale.
Upon City Council approval, Staff will proceed with acquiring the fee simple interest and the full bundle of rights associated with this acquisition.
Estimated
Relocation
Eligible
Property
ddress
Legal
Description
Property
Type
creage
Purchase
Price
Closing
Costs
Acquisition
Total
Assistance
Amount
Moving
Expenses
(Up To)
(Up To)
(Estimate)
Woodhaven
913 High
Woods
Trail
Country
Club Estates
Block 27 Lot
Fee
Simple
0.4077
$255,000.00
$7,000.00
$262,000.00
$0.00
$0.00
5
This property is located in COUNCIL DISTRICT 4
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that funds are available in the current capital budget, as previously appropriated, in the Stormwater Capital
Projects Fund, for the High Woods Storm Drain Reconstruction Project to support the approval of the above recommendation and conveyance of
land. Prior to an expense being incurred, the Transportation & Public Works Department has the responsibility to validate the availability of funds.
Submitted for City Manager's Office bT. Kevin Gunn 2015
Originating Business Unit Head: Steve Cooke 5134
Additional Information Contact: Roger Venables 6334
Burt Gonzales 2311