Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to convey easements for a gas pipeline, pipeline facilities, permanent access and temporary construction access generally located at 8003 Decker Lane, Austin, Texas 78724, to Enterprise Texas Pipeline LLC for a total purchase amount of not less than $412,454.
De
Lead Department
Financial Services Department.
Fiscal Note
There is no fiscal impact.
For More Information:
Brandon Williamson, Financial Services Department, 512-974-5666; Michael Gates, Financial Services Department, 512-974-5639; Pamela England, Austin Energy 512-322-6442.
Additional Backup Information:
If conveyed, the easements will allow Enterprise Texas Pipeline to install a 10-inch natural gas pipeline extending from its existing facilities on the grounds of the Austin Energy Decker Creek Power Station. The proposed pipeline will provide redundancy and additional capacity to serve the northeast Austin area and bring enhanced winter reliability and resiliency to Austin commercial and residential customers.
The easements will be comprised of the following approximate square footage: The pipeline easement will be approximately 0.83 acre (36,471 square feet); the pipeline facilities easement will be approximately 0.12 acre (5,020 square feet); the permanent access easement will be approximately 0.97 acre (42,086 square feet); and the temporary construction easement (lasting 14 months) will be approximately 0.9 acres (39,094 square feet)
An appraisal was provided by Enterprise Texas Pipeline to substantiate the proposed sales price. City appraisal staff reviewed the appraisal report and determined that it adequately supported the fair market value conclusion for the proposed easement tracts. The appraisal supports the purchase price of not less than $412,454.