Board Agenda - May 02, 2006

j. Resolution to Approve the Real Estate Transaction by the Collin Central Appraisal District

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

On April 5, 2006, the Collin Central Appraisal District's Board of Directors awarded a contract to construct an office building.

Section 6.051(b) of the Property Tax Code requires that seventy-five percent of the Appraisal District's member tax units adopt a resolution approving the proposed real estate transaction before the Appraisal District can execute the transaction.

The selected site is at the northeast corner of Eldorado Parkway and College Street, in McKinney, just west of Highway 5. This location will provide excellent access for taxpayers from all parts of the county and is configured to allow for expansion during the coming years.

A Summary of Cost Options considered by the Appraisal District is available for review in the Superintendent's Office. . The proposed option is the most economical option available. A resolution approving the real estate transaction by the Board of Directors of the Collin Central Appraisal District is submitted for approval..

Recommendation:

The administration recommends approval of the resolution to approve the real estate transaction by the Collin Central Appraisal District, as submitted.

Business Impact:

Summary:

Appendix:

Return to Meeting Agenda