Title
Voluntary Acquisition of Real Property - 1020 E. Hadley St. (Ordinance S-45891)
Description
Request to authorize the City Manager, or his designee, to acquire real property located 1020 E. Hadley St. voluntarily within the City's appraised value, plus usual and customary closing costs. Further request authorization for the City Controller to disburse, and for the City Treasurer to accept, all funds related to this item.
Report
Summary
The property to be acquired is located within Aviation's Land Reuse Strategy Area under the Airport Land Use Plan. This area consists of 166 acres of Aviation-controlled land, ready for redevelopment pursuant to feedback from the Federal Aviation Administration and the adopted implementation plan. Aviation, in partnership with the Community and Economic Development Department, desires to voluntarily acquire remaining privately-owned parcels as they become available, to create economically viable and marketable sites.
The parcel affected by acquisition and included in this request is identified by Maricopa County Assessor's parcel number 116-39-068 located at 1020 E. Hadley St.
Financial Impact
Funding is available in the Aviation Department's Capital Improvement Program.
Concurrence/Previous Council Action
The Land Reuse Strategy and Airport Land Use Plan were approved at the City Council Policy Session on Oct. 23, 2018 by a vote of 8-0.
Location
1020 E. Hadley St.
Council District: 8
Department
Responsible Department
This item is submitted by Assistant City Manager Deanna Jonovich and the Aviation and Finance departments.