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Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire approximately 0.6818 acres (29,700 square feet) of wastewater easement and approximately 0.0555 acres (2,417 square feet) of temporary working space easement situated in the Mariquita Castro Survey, Abstract Number 160, Section 50, Travis County, Texas, being a portion of Lot 3, Resubdivision of Lot 1, Block A, Commerce Park at Harris Branch Section 2 Subdivision, recorded in Document No. 202200052 of the Official Public Records of Travis County, Texas, located at 5800 East Parmer Lane, Austin, Texas 78653, from T. A. Unlimited Inc., a Texas nonprofit corporation d/b/a Texas Empowerment Academy, for a total amount not to exceed $154,500 including closing costs. Funding: $154,500 is available in the Capital Budget of Austin Water.
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Lead Department
Financial Services Department
Fiscal Note:
Funding is available in the Capital Budget of Austin Water.
For More Information:
Michael Gates, Financial Services Department, 512-974-5639; Brandon Williamson, Financial Services Department, 512-974-5666; 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 $151,174. The amount of the purchase price plus closing costs is not to exceed $154,500.
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