Agenda Item Title:
Ratify The Purchase Of Tract A Of Autumn Hills Subdivision, In The Amount Of $64,069.98, From Daniel Scheurer, Per MOA Dated August 18, 2023, And Authorize The Public Works Director To Accept The Deed.
Origination Group:
Public Works Committee
Origination Meeting Date:
02/27/2024
City Council Hearing Date:
03/04/2024
Staff Contact:
Sara Odden
Agenda Item Summary:
This City wishes to purchase lot to construct two Capital Improvement Projects described as: Sheridan Lake Road Reconstruction – Utility, Wall & Sidewalk Breakout Project, Project Number 23-2736/CIP 51122.1 and Sheridan Lake Road Reconstruction – Corral to Catron, Project Number 24-2737/CIP 51122.2.
A Memorandum of Agreement between the City of Rapid City and Daniel Scheurer was executed on August 18, 2023 and the purchase price is the result of averaging two appraisals, per the terms of the agreement.
This acquisition is needed to provide sufficient Right-of-Way and drainage improvements for the roadway widening.
Funding Source & Fiscal Impact (if applicable):
Funding | Cost Center |
---|---|
CIP | Streets |