Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire a wastewater easement on behalf of Austin Water for the Texas Department of Transportation Interstate 35 Capital Express Central Roadway project. The wastewater easement consists of two parts, totaling approximately 0.023 acres (998 square feet) situated out of and a part of the S. Del Valle Survey, Abstract No. 24 in Travis County, Texas, being a portion of a called 4.020 acre tract of land, generally located at 1001 South Interstate Highway 35, Austin, Texas 78741, from APTCO Riverview, L.L.C., a Delaware limited liability company for wastewater improvements for a total amount not to exceed $81,000 including closing costs. Funding: $81,000 is available in the Capital Budget of Austin Water.
De
Lead Department
Austin Financial Services.
Fiscal Note
Funding is available in the Capital Budget of Austin Water.
For More Information:
Brandon Williamson, Austin Financial Services, 512-974-5666; Michael Gates, Austin Financial Services, 512-974-5639; Eva Moore, Austin Capital Delivery Services, 512-974-7231.
Additional Backup Information:
This proposed acquisition of a wastewater easement in two parts, totaling approximately 0.023 acres (998 square feet) is on behalf of Austin Water for the Texas Department of Transportation (TxDOT) Interstate 35 Capital Express Central Roadway Project. The project requires the relocation of approximately water and wastewater lines, along with appurtenances, out of the expanded TxDOT right-of-way along Interstate Highway 35 from Holly Street to State Highway 71/Ben White Boulevard.
An independent, third-party appraisal was procured to establish the fair-market valuation of the proposed acquisition. The appraisal supports the purchase price of $78,408. The amount of the purchase price plus closing costs is not to exceed $81,000.