City of Round Rock - File #: 2017-4865

• File #: 2017-4865
• Type: Resolution
• Status: Approved
• File created: 10/5/2017
• In control: City Council
• On agenda: 10/26/2017
• Final action: 10/26/2017
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Cressman Enterprises, L.P. for the Kenney Fort Boulevard Project (Segment 4).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
10/26/2017	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Cressman Enterprises, L.P. for the Kenney Fort Boulevard Project (Segment 4).

Body

The purchase price in the contract is equal to the City's appraised value for the acquisition. The additional non-monetary special provision items of compensation contained within the contract were reviewed with, and approved by, the Transportation department as part of the overall negotiation process.

Cost: $775,000.00

Source of Funds: RR Transportation and Economic Development Corporation