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 and Drainage Easement from Michael and Casey Wilkinson on the Live Oak Avenue/Katy Street Improvements Project.
Body
BACKGROUND / RATIONALE:
The Live Oak Ave./Katy St. Improvements Project is one of the approved Proposition Two projects included in the 2013 Bond Program. This project eliminates the low water crossing over the Dry Comal Creek, reconstructs a portion of Live Oak Ave. and includes the construction of a new drainage channel.
On February 13, 2017, City Council approved acquisition funds in the total amount of $50,000 to acquire the necessary parcels for the Live Oak Ave./Katy St. Improvements Project.
An agreement has been reached with Michael and Casey Wilkinson in the amount of $37,523.53 plus necessary closing costs for the purchase of 0.096 acres of Right of Way and 2.515 acres of Drainage Easement.
Additionally, staff would request City Council to authorize an additional 21,000.00 be added to the acquisition funds approved on February 13, 2017 to cover this settlement.
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 Ave./Katy St. 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 Ave./Katy St. Improvements Project.