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City of Topeka
Council Action Form
Council Chambers
214 SE 8th Street
Topeka, Kansas 66603
www.topeka.org |
| | | August 18, 2015 |
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| | | | | | | | | DATE: | August 18, 2015 | | | | CONTACT PERSON: | Sasha Stiles, Director of Neighborhood Relations | DOCUMENT #: | | | SECOND PARTY/SUBJECT: | ACRS Investments, LLC | PROJECT #: | | | CATEGORY/SUBCATEGORY | 019 Reports / 009 Real Estate | | CIP PROJECT: | No | | | | ACTION OF COUNCIL: | | JOURNAL #: | | | | PAGE #: | |
| DOCUMENT DESCRIPTION: |
APPROVAL of a Real Estate Purchase Agreement between the City of Topeka and ACRS Investments, L.L.C. for the sale of surplus property located at approximately 1229-1235 S. Kansas Avenue, Topeka, Kansas, in the amount of $5,600. (Council District No. 1)
(Approval would authorize the sale of the property to the adjacent property owners.) | | POLICY ISSUE: | | Pursuant to Topeka Municipal Code Section 3.30.310, City Council approval is required for disposal of all real property. One bid was received for the lots from the adjacent property owner to the north. ACRS Investments, L.L.C. has submitted a bid for $5,600 for the purchase of all 5 lots. | | STAFF RECOMMENDATION: | | Staff recommends the Governing Body move to accept the bid in amount of $5,600 and authorize the Mayor to execute the contract. | | BACKGROUND: | The lots were acquired through the City's voluntary demolition program between 1987 and 2009.
All City Departments have indicated they have no need for the 5 lots located at 13th and Kansas Avenue. The property is not conducive to the housing infill activity by the Department of Neighborhood Relations due to the location and C-1 Commercial Zoning overlay.
City Council authorized staff to accept competetive bids on the property at the May 5, 2015 Council meeting. Competetive bids were solicited and the process was administered according to Contracts and Procurement standard processes. The solicitation for bids was advertised in the Topeka Metro News, on the City's website and by Downtown Topeka Inc., and bids were accepted from June 15, 2015 through July 8, 2015.
One bid was received for the lots from the adjacent property owner to the north. ACRS Investments, L.L.C. has submitted a bid for $5,600 for the purchase of all 5 lots. The property has been declared surplus by all City Departments. Sale of the property would eliminate future maintenance costs of the property, would return the property to private ownership for redevelopment as well as remove the tax exempt status.
| | BUDGETARY IMPACT: | Budetary impact would include reduced land maintenance and upkeep costs.
As these properties were acquired through a federally funded program, the proceeds from the sale of the properties are considered “program income” and will be retained by Department of Neighborhood Relations and utilized for Community Development Block Grant eligible uses. | | SOURCE OF FUNDING: | | Any funding necessary for closing costs etc. will be allocated from Community Development Block Grant program administration funds with no impact to the General Fund. |
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