City of Round Rock - File #: 2024-246

• File #: 2024-246
• Type: Resolution
• Status: Agenda Ready
• File created: 8/23/2024
• In control: City Council
• On agenda: 9/12/2024
• Final action: 9/12/2024
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Menfi A. Management, LP for a 0.297 acre right of way parcel required for construction of the proposed Gattis School Road Phase 6 Project.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
9/12/2024	1	City Council

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Menfi A. Management, LP for a 0.297 acre right of way parcel required for construction of the proposed Gattis School Road Phase 6 Project.

Body

The City previously paid $92,988 to obtain a Possession and Use Agreement for this parcel in 2019. After additional negotiation, the final purchase contract price of $116,500 (net $23,512) was negotiated with the owner after review with and recommendation by the Transportation Director (Parcel 13).

Cost: $23,512.00

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