City of Round Rock - File #: 2023-326

• File #: 2023-326
• Type: Resolution
• Status: Agenda Ready
• File created: 9/22/2023
• In control: City Council
• On agenda: 10/12/2023
• Final action: 10/12/2023
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Aaron and Natalia Henricksen for the purchase of 0.073-acres of right of way parcel required for the Red Bud South Roadway Improvements Project.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
10/12/2023	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Aaron and Natalia Henricksen for the purchase of 0.073-acres of right of way parcel required for the Red Bud South Roadway Improvements Project.

Body

The City's original appraised value for the acquisition was $234,410 ($21K for land + $213K for improvements). After additional negotiation the property owners have agreed to a purchase price of $247,735 which was reviewed with and recommended for acceptance by the Transportation Director.

Cost: $247,735.00

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