Title
Voluntary Acquisition of Real Property Located at 211 S. 28th Street for Phoenix Sky Harbor International Airport (Ordinance S-52084) - District 8
Description
Request to authorize the City Manager, or his designee, to perform all acts necessary to acquire real property located at 211 S. 28th Street in fee simple title, together with associated improvements and appurtenances. Acquisition is to be by voluntary purchase from Logotec Arizona, LLC, an Arizona limited liability company, which converted from Logotec, Inc., a North Dakota corporation (Logotec) at a price not to exceed the City's appraised value plus usual and customary closing costs. Further request authorization to provide relocation assistance as federally allowed, to execute a lease and other agreements to allow the occupants time to relocate, as may be necessary to and in furtherance of this acquisition. The purchase agreement may contain other terms and conditions deemed necessary or appropriate, including a waiver of mineral rights from the Union Pacific Railroad and associated costs.
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 owned by Logotec, totals approximately 40,511 square feet, and is adjacent to Aviation controlled property. The real property is strategically located north of Phoenix Sky Harbor International Airport's (Airport) north airfield operations and is within the Airport's North Voluntary Property Acquisition Program. This property consists of one parcel and is improved with an approximately 20,150 square foot industrial warehouse building and associated land improvements. The property is currently occupied by Nick's Menswear, LLC. The Airport will lease 211 S. 28th Street to the current occupant for a term of 24 months at a rental rate based on market rent to allow the occupant time to relocate.
Once the real property is acquired and the property is vacated, the Aviation Department will continue to occupy the property for its own use.
The parcel to be acquired is located at 211 S. 28th Street, identified by Maricopa County Assessor's Parcel Number 121-60-017.
Financial Impact
Funding is available in the Aviation Department's Capital Improvement Program.
Location
211 S. 28th Street
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Aviation and Finance departments.