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File #: 17-807    Name:
Type: Report Status: Consent Item Ready
File created: 12/1/2017 In control: City Council
On agenda: 12/11/2017 Final action:
Title: Approval of acquisition funds for purchasing Right of Way from Doris and Leonard Kraft, Parcel 19 on the Klein Road Improvements Project.
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Presenter/Contact

Presenter

Matthew Eckmann, Real Estate Manager

Contact Info

(830) 221-4089 - meckmann@nbtexas.org

 

Subject Header

SUBJECT:

Title

Approval of acquisition funds for purchasing Right of Way from Doris and Leonard Kraft, Parcel 19 on the Klein Road Improvements 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 March 27, 2017 and September 25, 2017, City Council approved acquisition funds in the total amount of $850,000.00 to acquire the necessary parcels for the Klein Road Improvements Project.

 

An agreement has been reached with Doris and Leonard Kraft in the amount of $82,068.24 for the purchase of 35,695 square feet of Right of Way and 21,901 square feet of Public Utility Easement.

 

In addition to the amount of money due to the Kraft’s, necessary title closing fees of $1,272.30 have been added for a total amount of $83,340.54.

 

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 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 Klein Road Improvements Project.