City of Round Rock - File #: 2016-3987

• File #: 2016-3987
• Type: Resolution
• Status: Passed
• File created: 11/16/2016
• In control: City Council
• On agenda: 12/1/2016
• Final action: 12/1/2016
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with CV Chandler Road, LLC for the purchase of a 0.095 acre right of way tract and a 0.004 acre PUE necessary for the University Blvd Project (Parcel 21).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
12/1/2016	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with CV Chandler Road, LLC for the purchase of a 0.095 acre right of way tract and a 0.004 acre PUE necessary for the University Blvd Project (Parcel 21).

Body

The City's original appraised value for a 0.095 acre right of way tract and the 0.004 acre PUE was $132,427. The owner has accepted the City's original offer.

Cost: $132,427.00

Source of Funds: Type B Corporation

Recommended Action

Staff recommends approval.