Presenter/Contact
Presenter
Matthew Eckmann, Real Estate Manager
Contact Info
(830) 221-4089 - meckmann@nbtexas.org
Subject Header
SUBJECT:
Title
Approval of acquisition funds in the amount of $50,000 for purchasing right-of-way on the Live Oak Avenue/Katy Street Improvements Project.
Body
BACKGROUND / RATIONALE:
The Live Oak Avenue/Katy Street Improvements Project is one of the approved Proposition Two projects included in the 2013 Bond Program, which will include creation of a bridge over the Dry Comal Creek and improving access to neighborhoods during and after storm events.
As a part of this project, a number of right-of-way parcels will need to be acquired. Acquisition funds in the amount of $50,000.00 are being requested to cover acquisition costs, necessary title closing expenses and approved counteroffers.
ADDRESSES A NEED/ISSUE IN A CITY PLAN OR COUNCIL PRIORITY:
|
X |
Yes |
City Plan/Council Priority: |
Strategic Priorities: Continue an ongoing program of infrastructure construction and maintenance. |
FISCAL IMPACT:
Expenditures associated with right-of-way acquisition are a component of the Live Oak Avenue/Katy Street Improvements Project. Therefore, sufficient funds are available to approve the acquisition funds as described above.
Recommendation
COMMITTEE RECOMMENDATION:
N/A
STAFF RECOMMENDATION:
Staff recommends approval of acquisition funds for the Live Oak Avenue/Katy Street Improvements Project.