City of Round Rock - File #: 2022-312

• File #: 2022-312
• Type: Resolution
• Status: Approved
• File created: 9/2/2022
• In control: City Council
• On agenda: 9/22/2022
• Final action: 9/22/2022
• Title: Consider a resolution authorizing the Mayor to execute a Real Estate Contract with HEB Grocery Company n/k/a H-E-B, LP a Texas limited partnership for the purchase of a 0.104 acre parcel required for construction of the proposed Red Bud South roadway project.
• Indexes: RR Transportation and Economic Development Corporation (Type B)

Date	Ver.	Action By	Action	Result
9/22/2022	1	City Council	approve	Pass

Title

Consider a resolution authorizing the Mayor to execute a Real Estate Contract with HEB Grocery Company n/k/a H-E-B, LP a Texas limited partnership for the purchase of a 0.104 acre parcel required for construction of the proposed Red Bud South roadway project.

Body

The original City appraised value for this acquisition was $140,564 ($88,316 land + $52,248 improvements). The contract purchase price of $145,093 was negotiated by Legal and reviewed with and recommended by Transportation. (Parcel 1)

Cost: $145,093.00

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