New Braunfels Logo
Share to Facebook Share to Twitter Bookmark and Share
File #: 22-813    Name:
Type: Report Status: Passed
File created: 7/4/2022 In control: City Council
On agenda: 7/11/2022 Final action: 7/11/2022
Title: Discuss and Consider approval of and Authorization for the City Manager to execute an Interlocal Agreement between the City of New Braunfels and New Braunfels Independent School District for the purchase of approximately five acres out of a 31.972-acre tract of land described as Lot 1, Block 3, NBISD Subdivision, Guadalupe County, Texas.
Attachments: 1. 220327 - Real Estate Sales Contract.City of New Braunfels.04.20.22 Draft 6.redline.whd.05.24.22 (002) with CONB rev.052622.doc

PRESENTER: Presenter

Robert Camareno, City Manager

 

Body

SUBJECT: Title

Discuss and Consider approval of and Authorization for the City Manager to execute an Interlocal Agreement between the City of New Braunfels and New Braunfels Independent School District for the purchase of approximately five acres out of a 31.972-acre tract of land described as Lot 1, Block 3, NBISD Subdivision, Guadalupe County, Texas.

 

Header

DEPARTMENT: City Manager’s Office

 

 

Body                     

COUNCIL DISTRICTS IMPACTED: District 2

 

 

BACKGROUND INFORMATION:

The City has been in negotiations with NBISD for the purchase of approximately five acres of land located at the southwest corner of Walnut Avenue and Settlers Crossing in Guadalupe County to hold for use as a future branch of the New Braunfels Public Library.

 

The proposed interlocal agreement sets forth the terms of the purchase of the property including survey requirements, determination of fair market value for the property, platting requirements, feasibility period and a timeline to close.  Once fair market value and other additional information is obtained, the purchase of the property will be brought back before City Council again for final action. 

 

 

ISSUE:

Infrastructure: Continue an ongoing program of infrastructure construction and maintenance

 

FISCAL IMPACT:

The appraisal will determine the purchase price of the property described above. The primary funding source will be proceeds from the sale of old Police Department building (1488 S. Seguin); however, surplus General Fund reserves could also be leveraged if needed. Therefore, sufficient funds are available.

Recommendation

RECOMMENDATION:

Staff recommends approval of this interlocal agreement