File #: 16-6353    Version: 1 Name: Authorize and confirm the purchase of a temporary construction easement and permanent slope easement required for the widening of Great Southwest Parkway from VRP Hospitality Group, LP (Quality Inn and Suites)
Type: Agenda Item Status: Consent Agenda
File created: 12/22/2016 In control: Engineering
On agenda: 1/10/2017 Final action: 1/10/2017
Title: Authorize and confirm the purchase of a temporary construction easement and permanent slope easement required for the widening of Great Southwest Parkway from VRP Hospitality Group, LP(Quality Inn and Suites) in the amount of $79,592
Attachments: 1. 16-6353 Quality Inn.pdf

From

max

 

Title

Authorize and confirm the purchase of a temporary construction easement and permanent slope easement required for the widening of Great Southwest Parkway from VRP Hospitality Group, LP(Quality Inn and Suites) in the amount of $79,592

 

Presenter

Romin Khavari, City Engineer

 

Recommended Action

Approve

 

Analysis

The widening of Great Southwest Parkway from I-20 to Mayfield Road was approved for acquisition by negotiation or condemnation on the September 20, 2016, City Council Agenda 16-6054 for Capital Improvement Projects 2017/2018.  An appraisal has been performed by the City determing the amount at $69,013. The owner has agreed to sell the 0.090 acre (3,944 s.f) easements for $79,592.   This amount is reasonable considering appraised value, time and court costs.   The City will pay all title insurance expenses and closing costs.

 

Financial Consideration

Not to exceed $83,000 from Streets Capital Projects Fund (400192) W.O.01605701 (GSW Sara Jane/Mayfield) 68091 (Easement Title Purchase)