City of Round Rock - File #: 2021-061

• File #: 2021-061
• Type: Resolution
• Status: Approved
• File created: 2/23/2021
• In control: City Council
• On agenda: 3/11/2021
• Final action: 3/11/2021
• Title: Consider a resolution authorizing the Mayor to execute a Letter Agreement with Comet Realty, L.L.C. for purchase of a trail easement in and across a 0.519-acre parcel.
• Indexes: 2017 General Obligation Bonds

Date	Ver.	Action By	Action	Result
3/11/2021	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Letter Agreement with Comet Realty, L.L.C. for purchase of a trail easement in and across a 0.519-acre parcel.

Body

This agreement is for purchase of a 0.519-acre trail easement required to construct a portion of the proposed Heritage Trail East as part of the City's overall trail system. The agreement purchase price of $87,033 is equal to the City's appraised value for the acquisition.

Cost: $87,033.00

Source of Funds: 2017 General Obligation Bonds