City of Round Rock - File #: 2018-5560

• File #: 2018-5560
• Type: Resolution
• Status: Approved
• File created: 6/7/2018
• In control: City Council
• On agenda: 6/28/2018
• Final action: 6/28/2018
• Title: Consider resolution authorizing the Mayor to execute a Rule 11 Condemnation Settlement Agreement between the City of Round Rock, the State of Texas, and Seventeen SAC Self-Storage Corporation in connection with the RM 620 Project (Parcel 2 and Parcel 2 PUE).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
6/28/2018	1	City Council	approve	Pass

Title

Consider resolution authorizing the Mayor to execute a Rule 11 Condemnation Settlement Agreement between the City of Round Rock, the State of Texas, and Seventeen SAC Self-Storage Corporation in connection with the RM 620 Project (Parcel 2 and Parcel 2 PUE).

Body

The total settlement amount of $149,322 is equal to the updated appraisal value provided by the expert consultants. $135,586 is allocated for the fee simple r.o.w. acquisition, and is 90% reimbursable by TxDoT. $13,736 is allocated to the public utility easement purchase, and is not reimbursable by TxDoT.

Cost: $149,322.00

Source of Funds: RR Transportation and Economic Development Corporation