Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire approximately 0.0179 acres (780 square feet) of permanent electric transmission and distribution easement out of Outlot 55, Division “O”, City of Austin, Travis County, Texas, generally located at 50 Waller Street, Austin, Texas 78702, being a portion of Lot 17, Block 2, Elm Grove, a subdivision of record in Book 2, Page 241, Plat Records, Travis County, Texas, from Lila Holdings, LLC, for a total amount not to exceed $91,702 including closing costs. Funding: $91,702 is available in the Capital Budget of Austin Energy.
De
Lead Department
Financial Services Department.
Fiscal Note
Funding is available in the Capital Budget of Austin Energy.
For More Information:
Brandon Williamson, Financial Services Department, 512-974-5666; Michael Gates, Financial Services Department, 512-974-5639; Amy Everhart, Austin Energy, Director, Local Government Issues, 512-322-6087; David Tomczyszyn, Austin Energy, VP Electric Systems Engineering and Technical Services, 512-322-6821.
Council Committee, Boards and Commission Action:
September 8, 2025 - To be reviewed by the Electric Utility Commission.
Additional Backup Information:
The proposed acquisition is required to relocate various structures along the existing Circuit 1015 to accommodate the Texas Department of Transportation’s expansion of Interstate Highway 35 (I-35) as part of its I-35 Capital Express program. The I-35 Capital Express Lady Bird Lake project runs along I-35 from Holly Street to State Highway 71/Ben White Boulevard.
An independent, third-party appraisal was procured to establish the fair market value of the proposed acquisition. The appraisal supports the purchase price of $90,299. The amount of the purchase price plus closing costs is not to exceed $91,702. The State of Texas will reimburse the City for the cost to acquire these property rights, pursuant to both the Standard Utility Agreement executed between the parties regarding the relocation of Circuit 1015 and the Settlement Agreement in Case No. C-1-PB-24-001200 in Travis County Probate Court No. 1, concerning the State’s condemnation of the City’s property at 1007 Lambie Street.