Wed August 15, 2012
City to Act on Vacant East Austin Properties
The City of Austin wants to return about $200,000 back to the federal government, to free up two East Austin properties for sale.
If the proposal is approved, the money will go back to the U.S. Department of Housing and Urban Development by the end of September. Doing so will fulfill requirements currently preventing the city’s Urban Renewal Agency, which is now in charge of the properties, from taking other actions on them.
The properties include one located at 1120 East 12th Street, and a series of plots on the same street. As KUT News reported previously, critics have accused the board and other agencies of taking too long to turn over the properties.
The City Council is slated to vote on whether to authorize the repayment Thursday. The Urban Renewal Agency also plans discussion on the disposition of the tracts themselves on Monday.