Title
Voluntary Acquisition of Improved Real Property Located at 121 S. 28th Street for Phoenix Sky Harbor International Airport (Ordinance S-52808) - District 8
Description
Request to authorize the City Manager, or his designee, to perform all acts necessary to acquire all rights, title and interest to improved real property located at 121 S. 28th Street within the City's appraised value plus usual and customary closing costs. The acquisition is through a voluntary acquisition process from Venture 201, LLC (Venture 201), an Arizona limited liability company. Further, request authorization to execute a lease, provide relocation assistance as federally allowed and to execute other agreements as may be necessary to, and in furtherance of, this acquisition. Additionally, request authorization for the City Controller to disburse, and for the City Treasurer to accept, all funds related to this item.
Report
Summary
The real property to be acquired is strategically located north of Phoenix Sky Harbor International Airport's north airfield operations and is within the Airport's North Voluntary Property Acquisition Program.
The real property is owned by Venture 201, consists of one parcel, is approximately 1.6 acres and neighbors Aviation-controlled property. The real property is improved with an approximately 31,645 square foot office and warehouse building, a covered parking structure, a former railroad loading dock, and fencing. The property is currently occupied by Allied Group Sales. The Aviation Department will lease 121 S. 28th Street to the occupant for a term of 24 months, at a rental rate based on market rent, to allow the occupant time to relocate. Once the property is acquired and vacated, the Aviation Department will determine whether to occupy the property for its own use or to demolish the improvements.
The parcel to be acquired is identified by Maricopa County Assessor's Parcel Number 121-60-006.
Financial Impact
Funding is available in the Aviation Department's Capital Improvement Program.
Location
121 S. 28th Street
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Frank McCune and the Aviation and Finance departments.