|
|
STRATEGIC OUTCOMES |
ACTION |
|
Department: |
☒ Safe & Prosperous |
☐ Motion |
|
City Attorney |
☒ Active & Appealing |
☐ Resolution |
|
|
☐ Respected & Responsible |
☒ Ordinance - Introduction |
|
Division: |
☐ Connected & Engaged |
☐ Ordinance - Adoption |
|
Administration |
☐ Unique & Creative |
☐ Public Hearing |
TITLE: t
Acquisition of Union Pacific Railroad Property
end
SUMMARY RECOMMENDATION: Summary Recommendation
Authorize the acquisition of approximately 14.32 acres of real property for future downtown redevelopment. (City Administrator) (Jay Simonton)
end
STRATEGIC OUTCOME:
This action supports City Council’s Safe and Prosperous and Active and Appealing strategic outcomes.
REPORT:
The proposed ordinance authorizes the acquisition of approximately 14.32 acres of real property described through six legal descriptions and an attached location map between South Madison Avenue and Gila Street. The property is owned by Union Pacific Railroad which has agreed to sell the property to the City for one million, seven hundred and fifteen thousand dollars ($1,715,000) or approximately $2.75 per square foot.
If authorized for acquisition, the property will be identified for future redevelopment of the downtown area in support of the Yuma Downtown Innovation District.
FISCAL REQUIREMENTS:
|
CITY FUNDS: |
$ 1,715,000 |
BUDGETED: |
$ 2,000,000.00 |
|
STATE FUNDS: |
$ 0.00 |
AVAILABLE TO TRANSFER: |
$ 0.00 |
|
FEDERAL FUNDS: |
$ 0.00 |
IN CONTINGENCY: |
$ 0.00 |
|
OTHER SOURCES: |
$ 0.00 |
FUNDING: ACCOUNT/FUND #/CIP |
TOTAL $ 1,715,000
|
. |
|
|
To total; right click number & choose “Update Field” |
|
FISCAL IMPACT STATEMENT:
Sufficient budget capacity is provided in the City Council approved FY 2026 Budget and FY 2026-2030 Capital Improvement Program.
ADDITIONAL INFORMATION:
SUPPORTING DOCUMENTS NOT ATTACHED TO THE CITY COUNCIL ACTION FORM THAT ARE ON FILE IN THE OFFICE OF THE CITY CLERK:
NONE
IF CITY COUNCIL ACTION INCLUDES A CONTRACT, LEASE OR AGREEMENT, WHO WILL BE RESPONSIBLE FOR ROUTING THE DOCUMENT FOR SIGNATURE AFTER CITY COUNCIL APPROVAL?
☐ Department
☐ City Clerk’s Office
☐ Document to be recorded
☐ Document to be codified
|
Acting City Administrator: |
Date: |
|
John D. Simonton |
06/26/2025 |
|
Reviewed by City Attorney: |
Date: |
|
Richard W. Files |
06/25/2025 |