Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire in fee simple approximately 0.2736 acres (11,918 square feet) of land generally located at 1804 Astor Place, Austin, Texas 78721, being all of Lot 62, Grant Park subdivision, according to the map or plat thereof recorded in Volume 6, Page 107, Plat Records, Travis County, Texas, from National Realty Investors, Inc., a Texas corporation, for park and recreation purposes, for a total amount not to exceed $260,000, including closing costs. Funding: $260,000 is available in the Capital Budget of Austin Parks and Recreation.

The City Council is authorizing the negotiation and execution of documents to acquire approximately 0.2736 acres of land at 1804 Astor Place for park and recreation purposes. The acquisition from National Realty Investors, Inc. will cost not to exceed $260,000, including closing costs, and will fill a gap in the Astor Place Greenbelt, extending it to 1.71 acres and providing access to Tannehill Branch Creek and E. Martin Luther King, Jr. Blvd. Funding is available in the Capital Budget of the Austin Parks and Recreation Department.

Residents will benefit from an expanded Astor Place Greenbelt, providing more park and recreation space and improved access to natural areas.

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