DEPARTMENT: Transportation & Capital Improvements
DEPARTMENT HEAD: Mike Frisbie, P.E.
COUNCIL DISTRICTS IMPACTED: Council District 1
SUBJECT:
Real Estate Disposition: Sale of City owned property at 501 South Main Avenue
SUMMARY:
An ordinance declaring as surplus an unimproved parcel of land located at 501 South Main Avenue in Council District 1 and authorizing its sale to 501 S Main St Ltd for a total of $33,050.00.
BACKGROUND INFORMATION:
Petitioner, 501 S Main St Ltd, is requesting that the City of San Antonio declare as surplus and sell an unimproved parcel of land located at 501 South Main Avenue at the intersection of Cesar E. Chavez Boulevard as shown on attached Exhibit A. The subject parcel is a remnant of property purchased by the City in 1967 for the expansion and development of Durango Boulevard, now known as Cesar E. Chavez Boulevard. The remnant parcel is a 0.062 acre tract of land, which equates to 2,699 sq. ft. and is described as Lot B-4, South 40 feet of B-3, NCB 927. The Petitioner owns the abutting property and has been using the parcel as parking. However, if the sale is approved, Petitioner would like to combine and re-plat it as one parcel.
The City of San Antonio’s Planning Commission considered and approved this request at its regular meeting of January 13, 2016.
ISSUE:
This ordinance declares as surplus an unimproved parcel of land located at 501 South Main Avenue in Council District 1 and authorizing its sale to 501 S Main St Ltd for a total of $33,050.00.
The unimproved parcel is a 0.062 acre tract of City-owned land located at 501 South Main Avenue and described as Lot B-4, South 40 feet of B-3, NCB 927 in Council District 1 and authorize its sale to 501 S Main St Ltd for a total of $33,050.00. The Petitioner owns the abutting property and has been using the parcel as parking. However, if the sale is approved, Petitioner would like to combine and re-plat it with its property.
The property was appraised at $33,000.00 by The Glen Company (State of Texas Certified Professional Appraiser) on November 4, 2015. The City of San Antonio will collect a total of $33,050.00, for closing and other administrative costs. This fund will be deposited into the General Fund in accordance with FY 2016 Adopted Budget.
This action is consistent with City Code and Ordinances, which require City Council approval for the sale or disposition of City-owned or controlled real property.
ALTERNATIVES:
City Council could choose not to approve this request; however, that would disallow 501 S Main St Ltd from utilizing and combining this property with its own. Also, the City would be obligated to provide for maintenance.
FISCAL IMPACT:
In compliance with Chapter 37 of the City Code, Section 37-2, the property was appraised at $33,000.00 by The Glen Company (State of Texas Certified Professional Appraiser) on November 4, 2015. The City of San Antonio will collect a total of $33,050.00, for closing and other administrative costs. This fund will be deposited into the General Fund in accordance with FY 2016 Adopted Budget.
RECOMMENDATION:
Staff recommends approval of this ordinance to declare as surplus and sell City-owned real property located at 501 South Main Avenue in Council District 1, to 501 S Main St Ltd for a total of $33,050.00.