Item 57 Passedunofficial
In plain language — from the agenda backup
The city authorizes selling about 6.041 acres at 4800 Bolm Road in East Austin to the Austin Housing Finance Corporation. The corporation, which develops and finances affordable housing, picks up the roughly 263,000-square-foot parcel for a total not to exceed $3,950,000 including closing costs, funded from its Capital Budget.
The official agenda language
Authorize negotiation and execution of all documents and instruments necessary or desirable for the sale of approximately 6.041 acres (263,146 square feet) generally located at 4800 Bolm Road, Austin, Texas 78702 - to the Austin Housing Finance Corporation for a total amount not to exceed $3,950,000 including closing costs. Funding: $3,950,000 is available in the Capital Budget of the Austin Housing Finance Corporation.
"Without objection, the consent agenda is adopted" — meeting transcript (unofficial)
What got said
- Velasquez celebrated conveying six acres at 4800 Bolm Road to AHFC for affordable housing