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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 closer to "150 or $160,000," and asked what Metro would pay. A Metro Water representative, Mr. Honeysacker, explained that renovations and recent sales affected the figures and described improvements at 3900 Tucker Road, including "new plumbing, electrical, new sheetrock installed 4 feet from the floor up," a remodeled kitchen and a new roof in 2019; he said the nearby house had sold for a higher amount. Honeysacker said those renovations were why the purchase price differed from the appraisal.
When Councilmember Allen asked whether the houses would be moved, Honeysacker replied, "From my understanding, when they purchase those, those are demolished. They're not moved. They are torn down. Torn down." On funding, Honeysacker said, "No, ma'am. This is the last of the FEMA money. This is the last of it. So it's it's not any of, Metro money. It is the last of the FEMA money."
After discussion, the committee voted to recommend approval of the resolution, with a recorded committee recommendation of 7 in favor, 0 against and 0 not voting.
