SUBSTITUTE
Public Hearing: YES ☐ NO ☒ Department: Recreation, Parks and Cultural Affairs
SUBJECT:
Title
Commission District(s): 4 and 6
Acquisition of 318 3rd Avenue, Avondale Estates, Georgia 30002 (Tax Parcel Nos. 18-009-26-021);
320 3rd Avenue, Avondale Estates, Georgia 30002 (Tax Parcel Nos. 18-009-26-022);
322 3rd Avenue, Avondale Estates, Georgia 30002 (Tax Parcel Nos. 18-009-26-023);
324 3rd Avenue, Avondale Estates, Georgia 30002 (Tax Parcel Nos. 18-009-26-024);
326 3rd Avenue, Avondale Estates, Georgia 30002 (Tax Parcel Nos. 18-009-26-025);
328 3rd Avenue, Avondale Estates, Georgia 30002 (Tax Parcel Nos. 18-009-26-001); and
325 3rd Avenue, Avondale Estates, Georgia 30002 (Tax Parcel Nos. 18-010-03-027).
Body
Information Contact: Chuck O. Ellis, Director RPCA
Phone Number: 404-371-2475
PURPOSE:
To approve the acquisition 0.61 acres consisting of approximately 0.48 acres of property at 318 3rd Avenue 18-009-26-021, 320 3rd Avenue 18-009-26-022, 322 3rd Avenue 18-009-26-023, 324 3rd Avenue 18-009-26-024, 326 3rd Avenue 18-009-26-025, and 328 3rd Avenue 18-009-26-001 from BE3 Holdings, LLC; and 0.13 acres of property at 325 3rd Avenue 18-010-03-027 from Angela Woods, as the administrator of the estate of Mary Frances Gresham Lancaster and allocate $475,000.00 and associated costs to fund the acquisition of the property.
NEED/IMPACT:
As part of the Department of Recreation, Parks and Cultural Affairs Visioning Plan, these properties were identified as essential in expanding Cedar Park and providing future connectivity to the PATH and surrounding communities.
FISCAL IMPACT:
$475,000 and associated costs such as due diligence and closing costs to be funded from 2022 Mid-Year CIP Account 106370.86101.541100.01.602786
RECOMMENDATION:
Recommended Action
To approve (1) Acquisition of 318 3rd Avenue, Avondale Estates, Georgia 30002; 320 3rd Avenue, Avondale Estates, Georgia 30002; 322 3rd Avenue, Avondale Estates, Georgia 30002; 324 3rd Avenue, Avondale Estates, Georgia 30002; 326 3rd Avenue, Avondale Estates, Georgia 30002; 328 3rd Avenue, Avondale Estates, Georgia 30002; and 325 3rd Avenue, Avondale Estates, Georgia 30002 for $475,000.00 and associated costs to fund the acquisition of the property, subject to completion of all due diligence; (2) Authorize the Chief Executive Officer to execute a Purchase & Sale Agreement in a form acceptable to the County Attorney or her designee; and (3) Authorize the Chief Executive Officer to execute all necessary documents in connection with completing this real estate transaction