City of Round Rock - File #: 2020-0006

• File #: 2020-0006
• 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 IA Round Rock University Oaks Limited Partnership, an Illinois limited partnership, to purchase 0.566 acres of right-of-way required for construction of the proposed University Boulevard roadway improvement Project (Parcel 10).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
1/9/2020	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with IA Round Rock University Oaks Limited Partnership, an Illinois limited partnership, to purchase 0.566 acres of right-of-way required for construction of the proposed University Boulevard roadway improvement Project (Parcel 10).

Body

The contract purchase price is a negotiated value which was reviewed with and recommended by the Transportation Department and City Manager.

Cost: $525,454.00

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