Title
Approving a resolution providing approval for Travis Central Appraisal District acquisition of property.
Summary
The Travis Central Appraisal District (TCAD) have been in their existing building for over 30 years and have reached maximum capacity. They would like to purchase an adjoining lot as shown on the attached site plan to expand their existing facilities. The Tax Code requires that they receive approval from the taxing units for any real estate purchase. TCAD has sufficient money in dedicated reserves for this purchase and request consideration and approval of the attached resolution. Please also find a copy of the letter from TCAD, the approved TCAD resolution, and TCAD cost analysis.
Deadline for City Council Action
Consideration is requested on June 14, 2016.
Projected Future City Council Action
N/A
Fiscal Impact
None. There is no fiscal impact to the City.
Staff Recommendation
Approve the resolution.
Drafter
Lauri Gillam
Assistant City Manager