HomeMy WebLinkAbout0059_58(6) New Junior High 10,402.50 (30%) Construction began Sep 30, 1966
School Class Rooms ($34,675 Total Cost)
(7) New High Sbhool 6,462.00 (25%) Construction began Feb. 1, 1964
Hand Hall ($25,850.00 Total Cost)
d. The City of Georgetown agrees timely to install, in accordance with the
Urban Renewal Plan, the following facilities for which non-cash grant-in-aid
Credit is presently anticipated in the amounts shown:
(1) Demolition of Structure and Site Clearance $72,600
(2) Site Grading 45,000
(3) Street Grading to Sub Grade 62,659
(4) Traffic Signs and Street Lights 169465
(5) Water Facilites 36,702
(6) Electric System 82,953
(7) Sanitary Sewer Facilities 19,546
(8) City Parkland Parcels NP1, NP2, NP3 7,080
The City agrees to provide funds for the payment of certain streets and
water lines which are either boundary facilities or facilities outside the
Project Area. These facilities are to be installed by the Urban Renewal Agency
and the identification and estimated cost to the City is as follows:
STREETS - 4th Street from Timber Street to East Boundary of Project.
19th Street from Railroad tract to East Property line of School Tract.
17th Street from East Property Line of School Tract 70 West Boundary
of Project.
Estimated Cost $9,232
50% Paid by City 4,616
WATER LINES - 19th Street from Railroad to School Property line on Boundary
Street
Estimated Cost $ 585
DRAINAGE FACILITIES - That portion of Drainage Facilities outside Project
Area from 18th Street to 17th Street on Southwest Side pf Project.
Estimated Cost $2,400
In addition, the City of Georgetown has agreed to advance the Agency the
sum of $16,631.00 cash for use in Project Expenditures as its proportionate
share of the Project not covered by Non -Cash Grant-in-aid Credits no later than
August 1, 1967.
The City anticipates Non -Cash Grant-in-aid Credit for Parcel 28-d-2 to be
donated to the Project by Williamson County, T''xas, presently estimated at
$10,11.0, the fair market value of which to be established by two appraisals.
The City agrees to contribute to the Project, either in the form of cash
or Non -Cash Grant-in-aid facilities, such amounts as shall be required to
cover any deficit in required Local Grant-in-aid which shall develop if the
Department of Housing and Urban Development shall not approve the full estimated
amount of Grant-in-aid Credit for the facilities itemized above and to cover
any deficits which shall exist or develop by failure to provide any of the
foregoing facilities at the indicated estimated cost thereof.
The City agrees to purchase from the Agency three (3) Parcels known as
NPI,' N112, NP3, as indicated in the Urban Renewal Plan, at their fair market
value as established by two acceptable appraisals, for Non -Cash local Grant-