ALBUQUERQUE BERNALILLO COUNTY
WATER UTILITY AUTHORITY
BILL NO. R-22-17 |
RESOLUTION
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Declaring that Certain Albuquerque Bernalillo County Water Utility Authority Property Located at the Southwest Corner of 2nd Street and Rio Bravo Boulevard is Surplus and Shall be Sold at Fair Market Value
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WHEREAS, the Water Authority owns approximately 97 acres of undeveloped land at the southwest corner of 2nd Street and Rio Bravo Boulevard adjacent to the Southside Water Reclamation Plant (SWRP); and
WHEREAS, the current use of the parcel as leased agricultural land is no longer consistent with the more suburban neighborhood uses in the area; and
WHEREAS, the parcel is not a suitable or economically feasible site for the expansion of the SWRP or other Water Authority infrastructure; and
WHEREAS, the Water Authority property at 2nd Street and Rio Bravo Boulevard is non-essential for utility purposes, is surplus and should be disposed of by a public process which maximizes the return for the Water Authority for use in its capital improvement program.
BE IT RESOLVED BY THE WATER AUTHORITY:
Section 1. That the Water Authority property at 2nd Street and Rio Bravo Boulevard which consists of a 97 parcel is declared to be surplus as it is nonessential for utility purposes.
Section 2. That the Executive Director is authorized to arrange for the sale of the property at 2nd Street and Rio Bravo Boulevard at fair market value through a negotiated sale at no less than appraised value.