Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire approximately 2.5919 acres (112,903 square feet) of wastewater easement and approximately 1.0863 acres (47,323 square feet) of temporary working space easement, generally located on the north side of E. Parmer Lane, west of Harris Branch Parkway, Austin, Travis County, Texas 78653, from Austin HB Residential Properties, LTD., a Texas limited partnership, for a total amount not to exceed $613,142 including closing costs. Funding: $613,142 is available in the Capital Budget of Austin Water.
Body
Lead Department
Financial Services Department
Fiscal Note
Funding is available in the Capital Budget of Austin Water.
For More Information
Brandon Williamson, Financial Services Department, 512-974-5666; Michael Gates, Financial Services Department, 512-974-5639; Ria Yamaguchi, Capital Delivery Services, 512-974-9125.
Additional Backup Information:
Due to rapid development in this region and increase in demand, the proposed acquisition is required for wastewater services in the area. Timely construction of approximately 23,000 linear feet of gravity-fed wastewater interceptor from the Harris Branch wastewater basin to the Dessau Wastewater Treatment Plant is needed for the Dessau Wastewater Treatment Plant to stay within its permitted limits, and it is a crucial portion of the overall wastewater service strategy in the northeast service area.
An independent, third-party appraisal was procured to establish the fair-market valuation of the proposed acquisition. The appraisal supports the purchase price of $605,142. The amount of the purchase price plus closing costs is not to exceed $613,142.