City of Round Rock - File #: 2016-3875

• File #: 2016-3875
• Type: Resolution
• Status: Passed
• File created: 10/10/2016
• In control: City Council
• On agenda: 10/27/2016
• Final action: 10/27/2016
• Title: Consider a resolution authorizing the Mayor to execute a Contract for Purchase and Sale with Bobby C. Owen for the purchase of right-of-way necessary for the RM 620 Widening Project (Parcel 18).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
10/27/2016	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Contract for Purchase and Sale with Bobby C. Owen for the purchase of right-of-way necessary for the RM 620 Widening Project (Parcel 18).

Body

The purchase contract price of $168,581 is equal to the City's acquisition value opinion. The City is also agreeing to purchase the uneconomic remainder for the appraised value of $419.

Cost:  $169,000.00

Source of Funds:  Type B Corporation

Recommended Action

Staff recommends approval.