Item 56 Passedunofficial
In plain language — from the agenda backup
The city looks to buy about 1.3 acres of land off the East U.S. 290 Service Road from First Austin Investments, LLC to make way for Phase 3 of the Northern Walnut Creek Trail. Snapping up this parcel is a key step in extending one of Austin's popular hike-and-bike routes farther east. The purchase runs up to $214,905, including closing costs, drawn from the Austin Transportation and Public Works capital budget.
The official agenda language
Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire approximately 1.3294 acres (57,942 square feet), generally located at 9300 ½ East U.S. Highway 290 Service Road Westbound, Austin, Texas 78724, from First Austin Investments, LLC, for a total amount not to exceed $214,905 including closing costs, for the Northern Walnut Creek Trail Phase 3 project. The property to be acquired consists of fee simple ownership of two tracts of land situated in the Lucas Munos Survey No. 55, Abstract No. 513, Travis County, Texas, being portions of a called 7.67-acre tract described as Tract 1 in the Special Warranty Deed recorded in Document Number 2021226851 of the Official Public Records of Travis County, Texas. Funding: $214,905 is available in the Capital Budget of Austin Transportation and Public Works.
"Without objection, the consent agenda is adopted" — meeting transcript (unofficial)