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<br />~ <br />y <br /> <br />CITY OF LA PORTE <br /> <br /> <br />March 29, 1996 <br /> <br />CO" 'Ol1OUI <br />'lfORlAlIOI <br /> <br />TO: <br />FROM: <br /> <br /> <br />, City Manager <br /> <br />lohn loe <br /> <br />. istant City Manager <br />/ <br /> <br />95-96 Capi I provement Budget <br />North D Road Improvements I Property Acquisition <br /> <br />SUBJECT: <br /> <br />This years budget included $30,070 for North D Road Improvements. To build the <br />proj~, the City needs to acquire two lots out of the Battlegrounds Vista Subdivision. <br />Knox Askins has ordered the title report and I have secured an opinion of fair market <br />value from Patricia Muston of Muston Properties. The fair market value for both lots <br />is $6,100. Although it is not a separate line item, an estimated value $10,000 for <br />proposed property acquisition was included in our budget number of $30,070. <br /> <br />Since the value is less than $15,000 and since it was included in budget we can <br />proceed without formal Council action. <br /> <br />With your approval I will authorize Knox Askin to offer the owner the fair market <br />value of $6,100, for the property located between North D Street and Flintlock Road. <br />