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NIEETING 8_�$_75 REQU�ST F4R C4U�1C�L A�TI�� DATE: , AGENDA SEC710N: � ORIGINATING DEP7./DIV.: F�ports F R�cammendations Adm ITEIVI NO.. ITEM ��scRiPrio�� Cen�ral Park Acquisition �'!+ DEPT. HEAD AP?f20VAL. MGR. REVEEWED/RECOMMENDS. The parcel of 1and and residence lacated. at 251I Nor�h Victoria S�reet {owned by A�iiton Anclerson, et aIj was incluaed zn the park �and acquisition grant. The parcel ana residence has been appraised by Bettendox£ Appxaisa�s in the amount o� $35,500. Mr. And.erson has agreed to se1� said praperty for the amaunt af $35,50Q. The purchase agreement provides the owner pay all real estate taxes due and payable in 1975 and prior years and. al1 ur�pa�d special. assessments. In addition to the purchase price, Nh-. Anderson is entitled to xelocation assistance. The principal amaunt relates tv a housing supplemental payment not to exceed $5,400. This would �be the difference between the p�ice of co�nparable replacement hotxsing on the market and the acquisita.on pri.ce (Iess excess Iand value of $2,000) af ths hausing included in the parcel above. Mr. Bettend.oxfi has provided the City wi�h three cornparable properties that are presen�iy on the market. A comparable price of $38,9QQ was allowed �or purposes af detenniuiing the ma.xirnum housing supplement payment. Also, Mr. Andexson is entitled to payment for actual closing and moving casts which vary, but should not exceed $1,550. He has elecied not to secuxe his owri ap�raisal. Actian Requested: Motion authorizing the Mayor and Nlanager to sign an earnest money can�x-act for the purchase o£ a residence and lot at 2511 North Victaria Street from D�ilton Anderson, et al, in the amount of $35,500; and that a housing supplemental payment in the amoun� of $5,40D and �other, actual relocation reiiaburse- ment be maae ta Milton Andersan once he has purchased and xelocated into other housing..