File #: 16-6350    Version: 1 Name: Authorize and confirm the purchase of a temporary construction easement, water main easement and permanent right of way required for the widening of Great Southwest Parkway from Ball Realty, Inc. (Taco Bell).
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, water main easement and permanent right-of-way required for the widening of Great Southwest Parkway from Ball Realty, Inc. (Taco Bell) in the azmount of $69,013
Attachments: 1. 16-6350 Taco Bell.pdf

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Title

Authorize and confirm the purchase of a temporary construction easement, water main easement and permanent right-of-way required for the widening of Great Southwest Parkway from Ball Realty, Inc. (Taco Bell) in the azmount of $69,013

 

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. This owner has agreed to sell the 0.035 acre (1,529 s.f.) in fee simple and 0.071 acre (3,120 s.f)  for easements in the amount of $69,013.   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 $74,000 from Streets Capital Projects Fund (400192) W.O.01605701 (GSW Sara Jane/Mayfield) 68091 (Easement Title Purchase)