City of Round Rock - File #: 2017-4630

• File #: 2017-4630
• Type: Resolution
• Status: Approved
• File created: 7/11/2017
• In control: City Council
• On agenda: 7/27/2017
• Final action: 7/27/2017
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Frank E. Martin III, Independent Executor of the Estate of Ardalia Ellen Stark Martin for the purchase of a 0.256 acre parcel of land and a 0.058 PUE necessary for the RM 620 Right of Way Project (Parcels 19 and 19PUE).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
7/27/2017	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Frank E. Martin III, Independent Executor of the Estate of Ardalia Ellen Stark Martin for the purchase of a 0.256 acre parcel of land and a 0.058 PUE necessary for the RM 620 Right of Way Project (Parcels 19 and 19PUE).

Body

The appraised value for the acquisition totaled $177,871. TxDOT approved an administrative settlement of $206,445 for the r.o.w. parcel and any remainder damages. That amount is 90% reimburseable by TxDoT, making the City's share $20,645. The contract compensation for the PUE is $7,000, which is not reimburseable by TxDoT. The owners wanted to keep the small 0.205 ac. remainder piece in this case because they also own the adjacent residential lot.

Cost: $27,645

Source of Funds: RR Transportation and Economic Development Corporation