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Committee approves interest in purchase and $354,000 budget transfer for Shelby Street housing hub property
Summary
The committee approved a request to establish interest in acquiring 963 East Georgia Street for a city housing hub and approved a $354,000 intra-budget transfer to complete the purchase and related site work.
The Metropolitan and Economic Development Committee voted to establish the city’s interest in purchasing 963 East Georgia Street to add to an existing assemblage of city-owned parcels for the Shelby Street housing hub project and approved a related fiscal transfer of $354,000 within the city's 2025 budget.
Kelly Shaw, real estate administrator for the Office of Finance and Management, said the property is directly adjacent to parcels the city already owns for the project and would add about 0.08 acres after demolition of the on-site structure and relocation of an alley to the west to improve sight lines and turning radii. Shaw said the funds requested in fiscal proposal 179 have already been appropriated as part of the approved housing hub project; the transfer would move those dollars from character 3 to character 4 to enable property acquisition.
Councilors asked for clarification about whether the neighboring properties to the west were inhabited and whether the city planned to acquire them; Councilor Kristen Jones said the adjacent owner, identified in the presentation as Mr. Gormley, voluntarily agreed to sell and was "very happy with the situation." Shaw said two neighboring homeowners have not agreed to sell. Councilor John Barth asked about the budget status and Shaw confirmed the dollars were already appropriated and the transfer would not change the project's scope.
The motion to approve the interest in purchase and the budget transfer was moved, seconded and approved by voice vote.
