City of Round Rock - File #: 2019-0228

• File #: 2019-0228
• Type: Resolution
• Status: Approved
• File created: 5/16/2019
• In control: City Council
• On agenda: 6/13/2019
• Final action: 6/13/2019
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with High Country Inv., LP to purchase 0.099 acres of right-of-way required for construction of the proposed Gattis School Road Phase 6 roadway improvement Project (Parcel 14).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
6/13/2019	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with High Country Inv., LP to purchase 0.099 acres of right-of-way required for construction of the proposed Gattis School Road Phase 6 roadway improvement Project (Parcel 14).

Body

The  City's original appraised value for this acquisition was $66,492. The owner presented a counteroffer of $73,500, an increase of just over 10%, which was reviewed with and recommended for approval by the Transportation Director.

Cost: $73,500.00

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