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File #: 23-1560   
Status: Agenda Ready
File created: 11/6/2023 In control: Clark County Board of Commissioners
On agenda: 11/21/2023 Final action:
Title: Approve and authorize the acquisition by negotiation of portions of Assessor's Parcel Numbers 177-28-301-001 (Soo & Bok I LLC) and 177-28-701-003 (Khachik Arakelyan) needed for construction of the Pyle Avenue between Las Vegas Boulevard and Bermuda Road project; and authorize the County Manager or his 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 portions of Assessor's Parcel Numbers 177-28-301-001 (Soo & Bok I LLC) and 177-28-701-003 (Khachik Arakelyan) needed for construction of the Pyle Avenue between Las Vegas Boulevard and Bermuda Road project; and authorize the County Manager or his designee to sign future escrow instructions and any pertinent documents necessary to complete the acquisition process.  (For possible action)

body

 

 

FISCAL IMPACT:

Fund #:

4990.991

Fund Name:

PW Regional Improvements/RTC

Fund Center:

1260110001

Funded PGM/Grant:

PW.R243AFT

Amount:

$150,000 (includes acquisition, escrow and title costs)

Description:

Pyle - Las Vegas Boulevard to Bermuda

Additional Comments:

N/A

 

BACKGROUND: 

On February 7, 2023, 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 portions of Assessor's Parcel Numbers 177-28-301-001 (Soo & Bok I LLC) and 177-28-701-003 (Khachik Arakelyan) for consideration of rights-of-way needed for construction of the Pyle Avenue between Las Vegas Boulevard and Bermuda Road project. Based upon review of the appraisal reports, it was determined that the appraised values are reasonable and within the project's budget.

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