Posting Language
Title
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire 0.426 acres (18,577 square feet) of the right of way and 0.847 acres (36,907 square feet) of sidewalk, trail, and recreational easement out of the Jesse C. Tannehill League, Abstract. No. 22 in the City of Austin, Travis County, Texas, generally located west of Johnny Morris Road, Texas 78724, from Young Men’s Christian Association of Austin, a Texas non-profit corporation, for a total amount not to exceed $80,000, including closing costs. Funding: $80,000 is available in the Capital Budget of the Transportation and Public Works Department.
De
Lead Department
Financial Services Department.
Fiscal Note
Funding is available in the Capital Budget of the Transportation and Public Works Department.
For More Information:
Michael Gates, Financial Services Department, 512-974-5639; Brandon Williamson, Financial Services Department, 512-974-5666; Micheal Singleton, Capital Delivery Services, 512-974-2979.
Additional Backup Information:
This proposed acquisition is required for the 2020 Bond-Substandard Streets-Johnny Morris Road project and includes approximately 0.426 acres of right of way and 0.847 acres of sidewalk, trail, and recreational easement. The general route of this project is along Johnny Morris Road.
An independent, third-party appraisal was procured to establish the fair-market valuation of the proposed acquisition. The appraisal supports the purchase price of $77,123. The amount of the purchase price plus closing costs is not to exceed $80,000.