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Title
Purchase of a replacement utility easement containing 33,145 square feet required for relocation of City water and sanitary sewer lines due to the construction of frontage road by TxDOT from NW 7th Street to Beltline Road from GRTP, Ltd.
Presenter
Romin Khavari, City Engineer
Recommended Action
Approve
Analysis
Staff is requesting authorization for the purchase of a replacement utility easement containing 33,145 square feet required for relocation of City water and sanitary sewer lines due to the construction of frontage road by TxDOT.
The owner has agreed to sell the 30-foot wide utility easement for $196,881. This amount is in line with recent appraisals in that area. The City will pay all title insurance expenses and closing costs.
Financial Consideration
Funding for the purchase of a replacement utility easement containing 33,145 square feet required for relocation of City water and sanitary sewer lines due to the construction of frontage road by TxDOT from NW 7th Street to Beltline Road from GRTP, Ltd, in a not to exceed amount of $210,000 is available in the Water Capital Project Fund (500592) WO #01509103 (I30 Service Road) and the Wastewater Capital Projects Fund (500692) WO #01510501(I30 Service Road). Exact amounts will be allocated between the work orders at time of purchase from 68610 (row/easement) account category.