PRESENTER: Presenter
Matthew Eckmann, Assistant Director of Public Works
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SUBJECT: Title
Approval of an expenditure of up to $90,000 for the acquisition of the necessary right-of-way for the Oak Run Intersection Improvements Project and authorization for the City Manager to execute all necessary conveyance documents.
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DEPARTMENT: Public Works
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COUNCIL DISTRICTS IMPACTED: All
BACKGROUND INFORMATION:
Improvements to the intersection of Oak Run Parkway at State Highway 46 are required under the development agreement between Veramendi and the City. The construction of the improvements is being performed directly by Veramendi; however, the right-of-way is being acquired by the City utilizing collected Traffic Impact Fees from the development. The project will improve traffic signals, turning lanes, and pedestrian facilities at this intersection.
ISSUE:
In order to accomplish this project, it is necessary to acquire right-of-way from two affected properties.
The expenditure shall be utilized for the purchase of right-of-way, and any damages for improvements (fencing, landscaping, etc) that will be affected by the acquisition.
STRATEGIC PLAN REFERENCE:
☐Economic Mobility ☒Enhanced Connectivity ☐Community Identity
☐Organizational Excellence ☐Community Well-Being ☐N/A
FISCAL IMPACT:
Funding for the acquisition of right-of-way will be provided by Traffic Impact Fees that have been collected from the Veramendi development, therefore sufficient funding is available.
Recommendation
RECOMMENDATION:
Staff recommends approval of the expenditure and authorization for the City Manager to execute all necessary conveyance documents.