File #: 21-448   
Status: Agenda Ready
File created: 3/25/2021 In control: Clark County Board of Commissioners
On agenda: 4/6/2021 Final action:
Title: Approve and authorize the acquisition by negotiation of a portion of Assessor's Parcel Number 176-27-301-001 (Wattoo Family Limited Partnership) needed for the improvements on Buffalo Drive and Mountains Edge Parkway; and authorize the County Manager or her designee to sign future escrow instructions and any pertinent documents necessary to complete the acquisition process. (For possible action)
Attachments: 1. Staff Report

CLARK COUNTY BOARD OF COMMISSIONERS

AGENDA ITEM

 

Petitioner:

Denis Cederburg, Director of Public Works

Recommendation:

title

Approve and authorize the acquisition by negotiation of a portion of Assessor's Parcel Number 176-27-301-001 (Wattoo Family Limited Partnership) needed for the improvements on Buffalo Drive and Mountains Edge Parkway; and authorize the County Manager or her designee to sign future escrow instructions and any pertinent documents necessary to complete the acquisition process.  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

4420.006

Fund Name:

PW Cap Construction Mtns Edge Traf Mts (Mountains Edge)

Fund Center:

1260110001

Funded PGM/Grant:

PW.TM01500

Amount:

$211,000

Description:

Buffalo Dr and Mountains Edge Pkwy

Additional Comments:

Estimated $208,000 for acquisition cost and $3,000 for escrow and title fees.

 

BACKGROUND:

On October 20, 2020, the Board of County Commissioners appointed Lubawy & Associates, Inc. d/b/a Valbridge Property Advisors (Matthew Lubawy, MAI) to appraise and fix the value of a portion of Assessor's Parcel Number 176-27-301-001 (Wattoo Family Limited Partnership) for consideration of right-of-way needed for the improvements on Buffalo Drive and Mountains Edge Parkway.  Based upon review of the appraisal report, it was determined that the appraised value is reasonable and within the proposed project's budget.

Authorization to initiate negotiations to acquire the aforementioned parcel is now being sought from the Board.