Posting Language
Title
Authorize the negotiation and execution of all documents and instruments necessary or desirable to acquire an extension of a temporary working space easement for an approximately 0.048 acre tract of land (2,098 square feet) located at 2203 Thornton Road, Unit B, Austin, TX 78704, from The Greystone Creek Owners’ Association, Inc. in an amount not to exceed $93,991.
De
Lead Department
Financial Services Department.
Fiscal Note
Funding is available in the Capital Budget of the Watershed Protection Department.
For More Information:
Michael Gates, Financial Services Department, 512-974-5639; Brandon Williamson, Financial Services Department, 512-974-5666; Abhi Raghavan, Capital Delivery Services Department, 512-974-7027; Scott Avery, Watershed Protection Department, 512-974-3547.
Additional Backup Information:
The Watershed Protection Department is proposing a storm drain infrastructure project that will reduce the risk of flooding to buildings and roadways in parts of the West Bouldin Creek Watershed. This acquisition is a 32-month extension of the current workspace easement for the infrastructure project which is set to expire on June 30, 2024. This infrastructure project will be undertaken in coordination with the South Lamar Corridor Project. Coordinating it in conjunction with the South Lamar Corridor Project will extend the overall project schedule, requiring extended use of the temporary workspace easement previously obtained for the project. The collaboration between projects will reduce the amount of disturbance to the surrounding neighborhood and reduce the costs to the City by combining the construction efforts along Bluebonnet Drive and Del Curto Road.
The purchase price of $93,991 for the proposed acquisition is supported by the original third-party appraisal for the initial temporary working space easement.