SUBJECT:
Title
An Ordinance of the Town Council of the Town of Erie Authorizing the Purchase of Property from the City of Lafayette
Department
DEPARTMENT: Administrative Operations
Presenter
PRESENTER(S): Patrick Hammer, Deputy Town Manager
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Time
TIME ESTIMATE: 0
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Fiscal
FISCAL SUMMARY:
Cost as Recommended: $1,000,000
Balance Available: $14,670,886.40
Fund Water Fund
Line Item Number: 500-75-110-605000-100364
New Appropriation Required: No
Policy
POLICY ISSUES:
The Town intends to buy 3.04-acres of land from the City of Lafayette to locate a future water storage facility. The Town Charter requires Town purchase or sale of real property to be approved by Town Council through an ordinance.
Recommendation
STAFF RECOMMENDATION:
Approve the Ordinance authorizing the purchase of property from the City of Lafayette.
Body
SUMMARY/KEY POINTS
* On May 27, 2025, the Council approved by resolution a PSA outlining the terms of the purchase of real property from the City of Lafayette to be used for the Town's future water storage tank.
* The Town's purchase of this parcel from Lafayette is timed concurrently with the Town's sale of land to Tebo Partnership LLLP identified in Ordinance 25-413.
* These coordinated land transactions represent a cooperative and mutually beneficial step forward for the Town of Erie and City of Lafayette fulfilling provisions outlined in the 2019 City of Lafayette - Town of Erie - Town of Erie Urban Renewal Authority IGA on Comprehensive Development Plan/Dispute Resolution (generally referred to as the Global Settlement Agreement), as well as the Town's 2020 Water Master Plan.
BACKGROUND OF SUBJECT MATTER:
The Town of Erie will acquire a 3.04-acre parcel from the City of Lafayette, located west of Aspen Ridge Drive, for the construction of a new drinking water storage facility that will serve current and future demands for water and increase the Town's water system reliability. Thi...
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