City of Round Rock - File #: 2018-5230

• File #: 2018-5230
• Type: Resolution
• Status: Approved
• File created: 2/14/2018
• In control: City Council
• On agenda: 3/8/2018
• Final action: 3/8/2018
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Round Rock Independent School District for the purchase of two parcels of land totaling 0.231 acres and a 0.320 Public Utility Easement necessary for the RM 620 Right of Way Project (Parcel 5, Parts 1 & 2 and Parcel 5PUE).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
3/8/2018	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Round Rock Independent School District for the purchase of two parcels of land totaling 0.231 acres and a 0.320 Public Utility Easement necessary for the RM 620 Right of Way Project (Parcel 5, Parts 1 & 2 and Parcel 5PUE).

Body

The contract purchase price is equal to the CORR appraised value for the acquisition. The fee simple r.o.w component of the purchase price ($61,450) is 90% reimburseable by TxDoT.  The public utility easement component of the purchase price ($8,782) has no contributing reimbursement by TxDoT.

Cost: $61,450.00

Source of Funds: RR Transportation and Economic Dev. Corporation (Type B)