From
Dwayne Tyner
Title
Right-of-Way acquisition from ECOM Real Estate Management, Inc. for Great Southwest Parkway from Sara Jane to Mayfield Road for a total amount of $331,874
Presenter
Romin Khavari, City Engineer
Recommended Action
Approve
Analysis
This project was approved for acquisition by negotiation or condemnation on the September 20, 2016, City Council Agenda for Capital Improvement Projects 2017/2018. Offers were made to ECOM Real Estate Management, Inc.based on appraised values. ECOM has subsequently agreed to sell three parcels in fee simple, three slope easements, three temporary construction easements, two water easements, one water/sanitary sewer easement and one drainage easement in the total amount of $331,874.
The City will pay all title insurance expenses and closing costs.
Financial Consideration
Funding for the Right of Way Acquisition for Great Southwest Parkway from Sara Jane to Mayfield Road in the not to exceed amount of $336,000 is available in Streets Capital Projects Fund (400192) WO #01605701 (GSW Sara Jane/Mayfield STRT) 68091 (Easement Title Purchase)