Agenda Information Sheet
DEPARTMENT: Engineering Services
CM/ ACM: Jon Fortune
Date: September 16, 2014
Consider adoption of an ordinance authorizing the City Manager or his designee to execute a Purchase Agreement, by and between the City of Denton, Texas ("City"), as buyer, and Habib Pyarali Arab ("Owner"), as seller, to acquire (I) fee simple title to a 1.398 acre tract; and (II) a slope easement encumbering a 0.151 acre tract, both tracts located in the M.E.P. & P.R.R. Survey, Abstract No. 1469, City of Denton, Denton County, Texas, and being generally located in the 1500 block of North Mayhill Road (the "Property Interest"); for the purchase price of Two Hundred Eighty Seven Thousand Nine Hundred Dollars and No Cents ($287,900.00), and other consideration, as prescribed in the Purchase Agreement (the "Agreement"), as attached to the ordinance and made a part thereof as Exhibit "A", authorizing the expenditure of funds therefor; and providing an effective date. (Mayhill Road Widening and Improvements Project: Parcel M026 - Habib Pyarali Arab)
In January and March 2014 respectively, initial and final Offer(s) to Purchase were delivered to the property owner, Mr. Arab, in the amount of $230,320.00 for the property interests, based upon an appraisal obtained by the City. Thereafter, several attempts to negotiate the offer were made by the City's land rights procurement consultant, without success.
Negotiations dialogue between the parties did ramp up as preparations were underway in advance of an eminent domain hearing scheduled for September 11, 2014. A meeting occurred on September 4, 2014 among staff, the property owner and his attorney, in hopes of seeking a settlement ahead of any formal proceedings. A proposed settlement in the amount provided above was reached, subject to Council approval.
Approval of the ordinance authorizes staff to close the purchase transaction with the property owne...Click here for full text