Title
Consider recommendation from the Finance/Administrative Committee to declare real property of the EAA located at 1610 N. St. Mary's Street, San Antonio, Texas, to be surplus and to authorize the disposal of the surplus property.
Body
RECOMMENDED MOTION:
Move the board adopt Resolution and Order No. 09-21-005 of the Edwards Aquifer Authority Board of Directors declaring the real property of the EAA located at 1610 N. St. Mary's Street, San Antonio, Texas to be surplus, and authorizing the General Manager to sell or otherwise dispose of the surplus property.
SUMMARY:
The purpose of this agenda item is for the board to consider a Finance/Administrative Committee recommendation to adopt a resolution and order declaring certain real property of the EAA to be surplus and authorizing the General Manager to dispose of it. The real property proposed for surplus is comprised of land, and improvements, located at 1610 N. St. Mary's St., that is no longer considered useful or necessary by the EAA and is the subject of a potential sale.
At the August 10 meeting, the EAA Board authorized staff to negotiate a real estate contract for the sale of 1610 N. St. Mary's St. State law and the EAA Bylaws require that the Board must surplus real property before it can be sold. If this real property surplus is approved, the Board will be asked to consider the sale of the property under a separate agenda item.
Attached to this summary is a resolution and order which has been reviewed by legal counsel.
At the meeting on August 24, the Finance/Administrative Committee voted to approve the motion recommended above.
STRATEGIC PLAN REFERENCE:
This agenda item supports the general EAA mission.
FISCAL IMPACT:
The following table depicts the fiscal impact of this surplus action.
Net book value of capital fixed assets as of 12/31/20 $18,437,391
Land recommended for surplus in September 2021 206,890
Land Improvements recommended for surplus in 2...
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