Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire approximately 0.0168 acres (730 square feet) of permanent electric transmission and distribution easement out of Outlot 55, Division "O", City of Austin, Travis County, Texas, generally located at 1104 Lambie Street, Austin, Texas 78702, being a portion of Lot 19, Block 2, Elm Grove, a subdivision of record in Book 2, Page 241, Plat Records, Travis County, Texas, from Carmen Marie Nenadal, as Trustee of the Carmen Marie Nenadal Living Trust, for a total amount not to exceed $81,174, including closing costs. Funding: $81,174 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; Tina Little, Austin Energy Director, Electric Systems and Shared Services, 512-322-6396.
Council Committee, Boards and Commission Action:
July 17, 2025 - To be reviewed by the Electric Utility Commission.
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 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 Blvd.
An independent, third-party appraisal was procured to establish the fair market value of the proposed acquisition. The appraisal supports the purchase price of $79,753. The amount of the purchase price plus closing costs is not to ex...
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