City of Round Rock - File #: 2022-335

• File #: 2022-335
• Type: Resolution
• Status: Approved
• File created: 10/7/2022
• In control: City Council
• On agenda: 10/27/2022
• Final action: 10/27/2022
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Texas Properties, LLC for the purchase of a 0.075 acre parcel required for construction of the proposed Red Bud South Roadway Project.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
10/27/2022	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Texas Properties, LLC for the purchase of a 0.075 acre parcel required for construction of the proposed Red Bud South Roadway Project.

Body

The contract purchase price of $94,382 ($61,406 for land + $32,976 for improvements/cure) is equal on the City's appraised value for the proposed acquisition. (Parcel 2)

Cost: $94,382.00

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