25-1812 : Report of Sale Portion of 247 Loepere (EL)

This agenda item concerns the proposed sale of a 15-feet by 108-feet portion of the property located at 247 Loepere to Maung Aye, the owner of the adjacent property at 245 Loepere. Mr. Aye wishes to purchase this land for additional yard space. The Office of Strategic Planning, Division of Permit and Inspection Services, and Division of Collections have no objections, provided the applicant's other properties are maintained and no outstanding debts are owed to the City. A market analysis was conducted, and Mr. Aye has agreed to purchase the land for $1.98 per square foot, totaling $3,200.00, and will cover all transfer taxes and recording fees. The recommendation is to approve the sale and authorize the Mayor to execute the necessary documents.