City of Round Rock - File #: 2023-282

• File #: 2023-282
• Type: Resolution
• Status: Agenda Ready
• File created: 8/25/2023
• In control: City Council
• On agenda: 9/14/2023
• Final action: 9/14/2023
• Title: Consider a resolution authorizing the Mayor to execute three Possession and Use Agreements with Nelson Homestead Family Partnership, Ltd. for 27.691 acres required to construct CR 112 roadway improvements.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
9/14/2023	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute three Possession and Use Agreements with Nelson Homestead Family Partnership, Ltd. for 27.691 acres required to construct CR 112 roadway improvements.

Body

The Possession and Use Agreement consideration amounts of $905,727 (Parcel 3--6.8 acres), $2,722,037 (Parcel 4--20.586 acres), and $125,393 (Parcel 5--0.305 acre) are equal to 90% of the City's appraised value for the proposed right of way acquisitions.

Cost: $3,753,157.00

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