STRATEGIC PRIORITY: Mobility Solutions, Infrastructure, and Sustainability
AGENDA DATE: October 23, 2019
COUNCIL DISTRICT(S): 9
DEPARTMENT: Department of Sustainable Development and Construction
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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A resolution authorizing (1) the conveyance of a Right of Way Easement; and (2) execution of a Possession and Use Agreement, for a total of approximately 19.30 acres of City-owned land to the State of Texas, located near the intersection of Interstate Highway 30 and Village Drive - Revenue: $1,299,868.00
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BACKGROUND
This item authorizes (1) the conveyance of a Right of Way Easement; and (2) execution of a Possession and Use Agreement, for a total of approximately 19.30 acres of City-owned land to the State of Texas, located near the intersection of Interstate Highway 30 and Village Drive, for its Interstate Highway 30 Project. The State of Texas is an entity with the power of eminent domain. The City may sell or exchange its property to a governmental entity that has the power of eminent domain without complying with the notice and bid requirements pursuant to Chapter 272 of the Local Government Code. The purchase price is based on an independent appraisal.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Revenue: $1,299,868.00
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