City of Round Rock - File #: 2020-0234

• File #: 2020-0234
• Type: Resolution
• Status: Approved
• File created: 8/7/2020
• In control: City Council
• On agenda: 8/27/2020
• Final action: 8/27/2020
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Austaco II Real Estate Partners, Ltd. for the purchase of a 0.057 acre parcel required for construction of Gattis School Road (Phase 3) Project.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
8/27/2020	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Austaco II Real Estate Partners, Ltd. for the purchase of a 0.057 acre parcel required for construction of Gattis School Road (Phase 3) Project.

Body

The proposed purchase price was reviewed with, and recommended for approval by, the Transportation Director after negotiation and consideration of additional rental value information provided by the property owner in response to the City's initial offer.

Cost: $65,000.00

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