Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to extend a temporary working space easement consisting of two temporary working space easement areas totaling approximately 6,500 square feet (0.149 acres) of land in two parts (1,094 square feet and 5,406 square feet) for an additional 24-month period, generally located at 1912 Wickersham Lane, Austin, Texas 78741, from East Riverside Retail, LLC, in an amount not to exceed $123,500.
Body
Lead Department
Financial Services Department
Fiscal Note
Funding is available in the Capital Budget of the Transportation and Public Works Department.
Prior Council Action:
September 1, 2022 - Council approved negotiation and execution of all documents and instruments necessary or desirable to acquire one Sidewalk, Trail and Recreational Easement, a Drainage Easement, and a Temporary Working Space Easement at 1912 Wickersham Lane, Austin, TX 78741, from East Riverside Retail LLC.
For More Information:
Brandon Williamson, Financial Services Department, 512 974-5666; Michael Gates, Financial Services Department, 512-974-5639; Hank Marley, Capital Delivery Services Department, 512-974-2966.
Additional Backup Information:
This acquisition is needed to support the Urban Trail Master Plan which identifies the project as a Tier I Urban Trail. The Country Club Creek Trail was also identified as a priority in the East Riverside Combined Neighborhood Master Plan and the Parks Long Range Facilities Master Plan. This section of Country Club Creek Trail is being developed with funding from the 2016 Mobility Bond and will connect existing trails to the south and the north, from Elmont Drive to East Oltorf Street along Country Club Creek and provide a connection from Roy G Guerrero Park to Mabel Davis Park.
An independent, third-party appraisal was procured to establish the fair-market valuation of the proposed acquisition. The appraisal supports the purchase price of $123,500.