Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire approximately 0.0989 acres (4,306 square feet) of permanent electric transmission and distribution easement and 0.1617 acres (7,043 square feet) of temporary construction easement, generally located at 55 North Interstate Highway 35, Austin, Texas 78702, both out of Outlot 55, Division "O", City of Austin, Travis County, Texas, being portions of Lot 20, Block 2, Elm Grove, a subdivision of record in Book 2, Page 241, Plat Records, Travis County, Texas, from The Young Men's Christian Association, a non-profit corporation, successor by merger to Extend-A-Care, Inc. for a total amount not to exceed $993,392, including closing costs. Funding: $993,392 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:
Michael Gates, Financial Services Department, 512-974-5639; Brandon Williamson, Financial Services Department, 512-974-5666; 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:
August 11, 2025 - Recommended by the Electric Utility Commission on an 8-0 vote with Commissioners Alvarez and Reed off the dais and Chair Tuttle absent.
Additional Backup Information:
This proposed acquisition is required to relocate various structures along the existing Circuit 1015 to accommodate the Texas Department of Transportation's expansion of Interstate 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 acquisiti...
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