City of Round Rock - File #: 2020-0108

• File #: 2020-0108
• Type: Resolution
• Status: Approved
• File created: 4/7/2020
• In control: City Council
• On agenda: 4/23/2020
• Final action: 4/23/2020
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Babb Investments, L.L.C. for the purchase of a 0.121-acre parcel required for construction of Gattis School Road (Phase 3).
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
4/23/2020	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Babb Investments, L.L.C. for the purchase of a 0.121-acre parcel required for construction of Gattis School Road (Phase 3).

Body

The City's approved appraisal value for this parcel acquisition was $92,499. The owner requested a slight increase in the land component unit value, for the current total purchace price of $97,770, which was reviewed with and recommended for approval by the Transportation Director (Parcel 14).

Cost: $97,770.00

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