City of Round Rock - File #: 2024-166

• File #: 2024-166
• Type: Resolution
• Status: Agenda Ready
• File created: 6/11/2024
• In control: City Council
• On agenda: 6/27/2024
• Final action: 6/27/2024
• Title: Consider a resolution authorizing the Mayor to execute a Possession and Use Agreement with Grimes Jeffrey Way, LLC, RME Jeffrey Way, LLC and Ehrlich Family Property Limited Partnership for acquisition of a 0.1629 acre parcel required for construction of North Mays Gap project improvements.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
6/27/2024	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Possession and Use Agreement with Grimes Jeffrey Way, LLC, RME Jeffrey Way, LLC and Ehrlich Family Property Limited Partnership for acquisition of a 0.1629 acre parcel  required for construction of North Mays Gap project improvements.

Body

The PUA payment of $129,223.80 is equal to 90% of the City's appraised value for the proposed parcel acquisition. The completion of a PUA will allow additional time for voluntary negotiation before proceeding with a condemnation hearing.

Cost: $129,223.80

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