Posting Language
Title
Approve a resolution authorizing the filing of eminent domain proceedings and payment to acquire the property interests needed for the Lady Bird Lake CKT1015 Project in support of the Interstate Highway 35 (IH-35) Capital Express Lady Bird Lake Project for the public use of relocating various utility structures requiring the acquisition of an electric easement consisting of 0.0917 of one acre (3,994 square foot) of a permanent electric transmission and distribution easement, out of Outlot 56, Division "O", City of Austin, Travis County, Texas, being a portion of Lot 1, Amended Plat of Lots 1-6, Block 1, Resubdivision of Lot 1, Block 1, Magnolia Addition, a subdivision of record in Document No. 200700182, Official Public Records, Travis County, Texas, said Lot 1 conveyed to ESR Development, Incorporated by Warranty Deed with Vendor's Lien dated June 11, 2007, as recorded in Document No. 2007114168, Official Public Records, Travis County, Texas and by Condominium Declaration for 41 Waller Lofts, A Condominium dated September 7, 2007, as recorded in Document No. 2007167267, Official Public Records, Travis County, Texas; currently appraised at $503,093 subject to an increase in value based on updated appraisals, a Special Commissioner's award, negotiated settlement, or judgment. The owner of the property is 41 Waller Lofts Condominium Association, Incorporated. The property is located at 41 Waller Street, Austin, Texas, 78702. The general route of the project is along IH-35 from Holly Street to State Highway 71/Ben White Boulevard. Funding: $503,093 is available in the Capital Budget of Austin Energy.
De
Lead Department
Austin Financial Services.
Fiscal Note
Funding is available in the Capital Budget of Austin Energy.
For More Information:
Brandon Williamson, Austin Financial Services, 512-974-5666; Michael Gates, Austin Financial Services, 512-974-5639; Amy Everhart, Austin Energy, Director, Local Government Issues (512) 322-6087; David To...
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