Dev Fund and Preserve of Historic (B) 71592: LCRA 23-SLFRF-43

LCRA 23-SLFRF-43 A & B are governed by the same subrecipient agreement, therefore the project descriptions are the same. The total contract amount for LCRA is $13,500,000. Due to the large amount and limitations associated with the City's new Oracle accounting system input the project was divided into Part A & B. This subrecipient agreement between the City's Community Development Administration and the Land Clearance for Redevelopment Authority (LCRA) funds LCRA's proactive development and site assembly work. LCRA is a state statutory body, which is authorized under this agreement to identify vacant and underutilized properties with redevelopment potential, and subject to iterative CDA approval, to conduct i) Due diligence activities (i.e. appraisal, title work, environmental assessment, land survey) ; ii) Acquisition activities (purchase & sale agreement and associated costs); iii) Predevelopment & Improvement activities (i.e. building stabilization, demolition, soil grading, environmental remediation); and iv) Disposition activities (maintenance, lease or sale).