Title
Acquisition of Real Property Located at 10050 N. Metro Parkway E. for the Cholla Library (Ordinance S-52183) - District 1
Description
Request to authorize the City Manager, or his designee, to acquire real property and related property interests located at 10050 N. Metro Parkway E. within the City's appraised value for the Cholla Library. Further request to authorize the City Controller to disburse all funds related to this item.
Report
Summary
The City currently leases a 30,003 square foot site for the Cholla Library under a ground lease agreement 162345 and desires to purchase the real property and its improvements. The library is located in the Metrocenter Mall area, south of Peoria Avenue and west of Interstate-17, it is zoned as a Planned Unit Development-Mixed Use and Regional Shopping Center, and is improved with a two-story building and landscaping improvements. The acquisition of this property provides a wide range of educational resources, materials, programs, services and entertainment for the public. The location is close to Interstate-17 and has good access to the public.
The parcel affected by this acquisition and included is this request is identified by Maricopa County Assessor's parcel number 149-16-400.
Financial Impact
Funding is available in the Library Capital Improvement Program utilizing Excise Tax Bonds.
Location
10050 N. Metro Parkway E.
Council District: 1
Department
Responsible Department
This item is submitted by Assistant City Manager Inger Erickson and the Library and Finance departments.