Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire approximately 0.975 acres (42,472 square feet) of drainage easement out of the T.J. Chambers Survey, Abstract No. 7, Travis County, Texas, generally located at 11800 North Lamar Boulevard, Austin, Texas 78753 and being a portion of Lots 5 and 6, Frank Stark Subdivision, a subdivision of record in Book 4, Page 199, Plat Records, Travis County, Texas, from Lynnwood View LLC, for a total amount not to exceed $229,000 including closing costs. The general route of the project is within Walnut Creek’s designated Eubank Tributary, from North Bend Drive to the west turn of Eubank Drive. Funding: $229,000 is available in the Capital Budget of the Watershed Protection Department.
Body
Lead Department
Financial Services Department
Fiscal Note
Funding is available in the Capital Budget of the Watershed Protection Department.
For More Information
Brandon Williamson, Financial Services Department, 512-974-5666; Michael Gates, Financial Services Department, 512-974-5639; Ria Yamaguchi, Capital Delivery Services, 512-974-9125.
Additional Backup Information
Due to urbanization in the Eubank Tributary watershed, impervious surfaces have increased, causing frequent storm runoff, deepening and widening the stream. The unstable streambanks have led to erosion of commercial and residential properties, infrastructure damage, and habitat loss requiring the purchase of this property for stream stabilization and habitat improvements through retaining walls, slope stabilization, earthwork, planting strategies, and stormwater flow dissipation.
An independent, third-party appraisal was procured to establish the fair market value of the proposed acquisition. The appraisal supports the purchase price of $225,000. The amount of the purchase price plus closing costs is not to exceed $229,000.