12-Delliberate and act on a Resolution approving the purchase of 165 Center Street

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CITY COUNCIL AGENDA ITEM BRIEFING SHEET Submittal Date: Originating Department: Presented By: Agenda Item No.: 03/l8/10 Council Date: Finance Gene Anderson 12. 03/22/ 10 RECOMMENDED MOTION: Move to approve a resolution authorizing the purchase of the property located at 165 W. Center Street and authorizing the City Manager to negotiate and execute all necessary documents. POLICY ISSUE(S): Capital improvement. The FY 2009-2010 budget authorizes the expenditure of $250,000 to purchase or construct a new warehouse facility. This resolution authorizes the City Manager to sign all necessary paperwork to purchase the property and building located at 165 W. Center Street within the city limits of Paris for $115,000. This property backs up to the existing Public Works yard thereby making it an ideal location for the warehouse and gives the City a second entry/exit point for the Public Warks compound. The existing building will require some upgrade but is in sound condition overall. Likewise, the parking and driveway areas will need some improvement. Repairs should be able to be completed within the budgeted amount. A survey and phase I environmental review were both clear. BOARD/COMMISSION RECOMMENDATION: None EXHIBITS: Resolution. ACTION: BUDGET INFO: ❑ Financial Report ❑ Minute Order Expense $115,000 ❑ Department Report E Resolution Budgeted Amt. $250,000 ❑ Presentation ❑ Ordinance y'I'D Actual $0 ❑ Public Hearing ❑ Other Acct. Name Warehouse Building Acct. Number 11-0901-80-98 FISCAL NOTES: None REVIEWED AND APPROVED BY: Z Administration Z City Clerk ❑ Community Development ❑ EMS/IT Z Finance ❑ Fire ❑ Municipal Court Z Legal ❑ Library ❑ Police ❑ Eng./Public Wotks ❑ Utilities City of Paris Revised 2/04/08 ~ - 000071