File #: 24-1527   
Status: Passed
File created: 11/5/2024 In control: Clark County Board of Commissioners
On agenda: 11/19/2024 Final action: 11/19/2024
Title: Approve and authorize the Director of Aviation or her designee to sign the purchase and sale agreement, escrow instructions and related ministerial documents required to complete the acquisition process for Assessor's parcel number 177-04-701-003 located at the southeast corner of Gilespie Street and George Crockett Road; or take other action as appropriate. (For possible action)
Attachments: 1. Staff Report, 2. Clean Energy Acquisition APN 177-04-701-003

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Rosemary A. Vassiliadis, Director of Aviation

Recommendation: 

title

Approve and authorize the Director of Aviation or her designee to sign the purchase and sale agreement, escrow instructions and related ministerial documents required to complete the acquisition process for Assessor's parcel number 177-04-701-003 located at the southeast corner of Gilespie Street and George Crockett Road; or take other action as appropriate. (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

5202.875

Fund Name:

Airport Rent a Car Center Reserve Capital Fund

Fund Center:

2200400080

Funded PGM/Grant:

N/A

Amount:

Total acquisition costs not to exceed $2,317,500

Description:

Voluntary Property Acquisition

Additional Comments:

Eligible for Federal Aviation Administration (FAA) grant funding to cover up to 75% of the appraised acquisition.

 

BACKGROUND: 

The property owner of Assessor's parcel number 177-04-701-003 (Property) was marketing the Property for sale. Clark County Department of Aviation's (DOA) offer to purchase the Property for $2,310,000 under a voluntary acquisition (willing buyer/willing seller) has been accepted by the property owner. Escrow closing costs are estimated not to exceed $7,500 bringing DOA's total acquisition cost to $2,317,500. 

This process was conducted in accordance with the federal requirements to be eligible for reimbursement by the FAA to cover up to 75% of this acquisition through a future grant.