Description
Title: Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire a wastewater easement on behalf of Austin Water for the Texas Department of Transportation Interstate 35 Capital Express Central Roadway project. The wastewater easement consists of two parts, totaling approximately 0.023 acres (998 square feet) situated out of and a part of the S. Del Valle Survey, Abstract No. 24 in Travis County, Texas, being a portion of a called 4.020 acre tract of land, generally located at 1001 South Interstate Highway 35, Austin, Texas 78741, from APTCO Riverview, L.L
Summary
The City of Austin is considering legislation to acquire a wastewater easement for the Texas Department of Transportation's Interstate 35 Capital Express Central Roadway project. This easement, totaling approximately 0.023 acres (998 square feet) at 1001 S. IH-35, is necessary for the relocation of water and wastewater lines affected by the project's expansion. The acquisition involves purchasing the easement from APTCO Riverview, L.L.C. for a maximum of $81,000, which includes closing costs. This funding is sourced from the Austin Water Capital Budget. The legislation is significant as it facilitates essential infrastructure improvements while ensuring compliance with fair-market valuation standards through an independent appraisal.