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Council committee approves option agreements to buy two flood‑prone properties using remaining FEMA funds
Summary
The committee authorized Metro staff to exercise option agreements to acquire two flood‑prone properties; members questioned appraisal and purchase-price differences and learned the purchases will use the last of available FEMA funds and the properties are slated for demolition.
The committee recommended approval of a resolution authorizing the Director of Public Property or a designee to exercise option agreements to purchase two flood‑prone properties for Metro Water Services.
Councilmember Allen said the committee packet listed a fair‑market value of about "330,000 k" for the two properties and an appraised value…
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