City of Round Rock - File #: 2020-0250

• File #: 2020-0250
• Type: Resolution
• Status: Agenda Ready
• File created: 8/24/2020
• In control: City Council
• On agenda: 9/10/2020
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Spiritual Assembly of Baha'is of Round Rock for the purchase of a 0.156 acre parcel required for the construction of Gattis School Road Segment 3 project.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
9/10/2020	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Spiritual Assembly of Baha'is of Round Rock for the purchase of a 0.156 acre parcel required for the construction of Gattis School Road Segment 3 project.

Body

The proposed contract purchase price is 10% greater than the City's recommended appraised value for this parcel. The total purchase price of $58,419 is comprised of a land component of $42,568 ($5.50/SF) and an improvement/cost to cure component of $15,851 (landscaping/sign).

Cost: $58,419.00

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