STRATEGIC PRIORITY: Mobility Solutions, Infrastructure, and Sustainability
AGENDA DATE: September 22, 2021
COUNCIL DISTRICT(S):|910|DEPARTMENT: Water Utilities Department
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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Authorize the (1) deposit of the amount awarded by the Special Commissioners in the condemnation proceeding styled CITY OF DALLAS VS. IC PROPERTIES II, LLC, A TEXAS LIMITED LIABILITY COMPANY, et al., Cause No. CC-21-00968-B, pending in Dallas County Court at Law No. 1, for acquisition from IC Properties II, LLC, of two unimproved tracts of land containing a total of approximately 116,798 square feet located near the intersection of Jefferson Boulevard Viaduct and Colorado Boulevard East for the Dallas Floodway Project; and (2) settlement of the condemnation proceeding for an amount not to exceed the award - Not to exceed $5,659,425.00, increased from $2,098,430.00 ($2,081,430.00, plus closing costs and title expenses not to exceed $17,000.00) to $7,757,855.00 ($7,719,855.00, plus closing costs and title expenses not to exceed $38,000.00) - Financing: Trinity River Corridor Fund (1998 General Obligation Bond Fund) ($5,621,425.00) and the Flood Protection and Storm Drainage Facilities Fund (2006 General Obligation Bond Fund) ($38,000.00)
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BACKGROUND
On January 13, 2021, City Council authorized the acquisition of this property, by Resolution Nos. 21-0157 and 21-0158. The property owner was offered $2,081,430.00, which was based on written appraisals from independent certified appraisers. The property owner did not accept the offer. On February 24, 2021, the City Council authorized a condemnation proceeding, by Resolution Nos. 21-0437 and 21-0438 and the City filed an eminent domain proceeding to acquire the property. After a hearing before the Special Commissioners on July 9, 2021, the property owner was awarded $7,719,855.00. This item authorizes deposit of the amount award...
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