City of Round Rock - File #: 2020-0123

• File #: 2020-0123
• Type: Resolution
• Status: Approved
• File created: 4/23/2020
• In control: City Council
• On agenda: 5/14/2020
• Final action: 5/14/2020
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Round Rock Ranch, Ltd. for the purchase of a 4.123-acre parcel and a 0.021-acre drainage easement required for the construction of Kenney Fort Blvd.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
5/14/2020	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Round Rock Ranch, Ltd. for the purchase of a 4.123-acre parcel and a 0.021-acre drainage easement required for the construction of Kenney Fort Blvd.

Body

The City's original approved appraisal value for this parcel acquisition was +-875K. The current purchase price of $975K was reviewed with and recommended for approval by the Transportation Director after additional negotiation (Parcel 1/1DE).

Cost: $100,118.00

Source of Funds: RR Transportation and Economic Development Corporation (Type B)