Legislation Details

File #: ID-2024-307    Version: 1 Name:
Type: CC Resolution Status: Passed
File created: 8/7/2024 In control: City Council
On agenda: 9/3/2024 Final action: 9/3/2024
Title: Resolution Of The City Council Of The City Of Emeryville Authorizing The Acquisition Of 1245 Powell Street (APN 49-1314-001-01); Appropriating $1,706,000 From The Park Impact Fee Fund (Fund 237) To The Budget For Capital Improvement Project URG-01 For Fiscal Year 2024-2025 For The Acquisition Of 1245 Powell Street And Associated Closing Costs; And Authorizing The City Manager To Execute All Documents Required To Complete The City’s Acquisition Of 1245 Powell Street At A Purchase Price Not To Exceed $1,700,000. (Chadrick Smalley)
Attachments: 1. Staff Report, 2. Draft Resolution, 3. APPROVED Resolution No. 24-110

Title

Resolution Of The City Council Of The City Of Emeryville Authorizing The Acquisition Of 1245 Powell Street (APN 49-1314-001-01); Appropriating $1,706,000 From The Park Impact Fee Fund (Fund 237) To The Budget For Capital Improvement Project URG-01 For Fiscal Year 2024-2025 For The Acquisition Of 1245 Powell Street And Associated Closing Costs; And Authorizing The City Manager To Execute All Documents Required To Complete The City’s Acquisition Of 1245 Powell Street At A Purchase Price Not To Exceed $1,700,000.  (Chadrick Smalley)

Recommendation

Staff recommends that the City Council adopt the attached resolution authorizing the acquisition of 1245 Powell Street at a purchase price not to exceed $1,700,000; appropriating funds from the Park Impact Fee Fund for the purchase price and closing costs; and authorizing the City Manager to execute all documents required to complete the acquisition.