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| SPONSOR: | Atkin | DATE TYPED: | 02/14/01 | HB | HJR 17 | ||
| SHORT TITLE: | Yale Business Park Land Exchange | SB | |||||
| ANALYST: | Carrillo | ||||||
| Recurring
or Non-Rec |
Fund
Affected | ||||
| FY01 | FY02 | FY01 | FY02 | ||
| See Narrative | |||||
(Parenthesis ( ) Indicate Expenditure Decreases)
SUMMARY
Synopsis of Bill
House Joint Resolution 17 proposes the exchange of land at the Yale Business Park in Albuquerque.
Significant Issues
The Yale Business Park is located at the northeast corner of Yale and Gibson Boulevards, in Albuquerque. The State owns vacant land, 2.25 acres, between the new Workers' Compensation Administration building and the Fairfield Inn. The Fairfield Inn proposes to exchange 6.275 acres it owns at the Yale Business Park for the State's acreage so they can expand their facility. The State would gain approximately 4.025 acres. The GSD staff estimates the value of the additional acres to be between $500.0 and $700.0. The Fairfield Inn would cover all costs of subdivision, appraisals and closing.
WC/ar