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File #: 2020-0005   
Type: Resolution Status: Approved
File created: 12/12/2019 In control: City Council
On agenda: 1/9/2020 Final action: 1/9/2020
Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with RealTex Ventures, Inc. to purchase 0.359 acres of right-of-way required for construction of the proposed Gattis School Road Phase 6 roadway improvement Project (Parcel 24).
Indexes: RR Transportation and Economic Development Corporation (Type B)
Attachments: 1. Resolution, 2. Exhibit A, 3. Maps

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with RealTex Ventures, Inc. to purchase 0.359 acres of right-of-way required for construction of the proposed Gattis School Road Phase 6 roadway improvement Project (Parcel 24).

 

Body

The contract purchase price is equal to the City's appraised value for this r.o.w. parcel acquisition.

 

Cost: $253,020.00

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