City of Round Rock - File #: 2018-6152

• File #: 2018-6152
• Type: Resolution
• Status: Approved
• File created: 11/16/2018
• In control: City Council
• On agenda: 12/6/2018
• Final action: 12/6/2018
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Farid Agahi to purchase right-of-way for the Kenney Fort Boulevard construction Project (Parcel 10).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
12/6/2018	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Farid Agahi to purchase right-of-way for the Kenney Fort Boulevard construction Project (Parcel 10).

Body

The original appraised value for the 5.17 acre acquisition was $1,238,629. The owner submitted a counteroffer in the amount of $1,438,629. The negotiated contract price of $1,350,000 was discussed with and recommended for approval by the Transportation Director on 11.13.18.

Cost: $1,350,000.00

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