From
Dwayne Tyner
Title
Right of Way Acquisition - Tarrant Road Extension to IH 30 Frontage Road
Presenter
Romin Khavari, City Engineer
Recommended Action
Approve
Analysis
This parcel was approved for acquisition by negotiation or condemnation on the April 5, 2016, City Council Agenda. The owner has subsequently agreed to sell the 0.2011 (8,759 s.f) of one acre of land for $78,831. This amount is reasonable considering appraised value, time and court costs. The City will pay all title insurance expenses and closing costs.
Financial Consideration
Funding for the Right of Way Acquisition - Tarrant Road Extension to IH 30 Frontage Road , in the not to exceed amount of $83,000, is available in the Street Projects Fund (400192) WO #01205401-03 (Arbor Creek @ Tarrant Road) 68610 (ROW/Easements)