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 $300,000.00 for purchasing Right of Way, Drainage Easements, and Utility Easements on the Klein Road Reconstruction Bond Project.
Body
BACKGROUND / RATIONALE:
The Klein Road Reconstruction Project is one of the approved Proposition One projects included in the 2013 Bond Program, which will include Sidewalks, Roadway and Drainage Improvements along Klein Road.
On October 28, 2013 City Council approved a contract with Lockwood, Andrews and Newnam, Inc. to provide right of-way services to the City for the 2013 Bond Projects. On April 11, 2016 Council approved a task order for Lockwood, Andrews and Newnam, Inc. to acquire the necessary parcels for the Klein Road Reconstruction Project.
As a part of this project, a number of right-of-way parcels, drainage easements and utility easements are being acquired by the City. Initial offers will be extended to the 29 Property Owners in the total amount of approximately $225,000.00. In addition to the offers that will be extended to the Landowners, a contingency amount of $75,000.00 is also requested to cover 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 Klein Road Reconstruction 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 Klein Road Reconstruction Project.