CC MEETING: November 5, 2024
DATE: October 28, 2024
TO: Erin Rinehart, City Manager
FROM: Jonathan Wheat, P.E., Director of Engineering
Shannon Hicks, P.E., Assistant City Manager
Title
Consider A Resolution Authorizing The City Manager To Negotiate And Execute All Necessary Documents For The Purchase of Approximately 0.3015 Acres As Public Right Of Way At 1308 Clint Street For The Carrollton Heights Reconstruction Project In The Amount Not To Exceed $235,000.00.
Body
BACKGROUND:
This resolution will provide authorization to purchase the necessary right-of-way to construct the planned improvements to the Carrollton Heights neighborhood. To facilitate the construction of the project, it is necessary for the City to acquire this parcel for right-of-way. The specific parcel being authorized for purchase at this time is identified in Attachment A and the Location Map (P11).
The reconstruction of the Carrollton Heights Subdivision is part of the 2018 Bond Election.
Angel Valuation Services and JLL Valuation & Advisory Services were contracted to appraise 10 properties in Phase 1 of Carrollton Heights. The property being purchased at this time was appraised at a total of $191,213.00. During 2023 & 2024 Stateside Right of Way Services negotiated on the City’s behalf with the property owners. In August of 2024 staff recommended accepting the Parcel 11 owner’s counteroffer. The total offer for the parcel is $230,000.00.
Closing costs for the parcel is estimated to bring the total cost of acquisition to $235,000.00.
Staff expects the project to bid within the month after this parcel closes and the construction contract ready for Council approval in early 2025.
FINANCIAL IMPLICATIONS:
Funding is available in the 2018 Bond Election allocated to Carrollton Heights.
IMPACT ON COMMUNITY SUSTAINABILITY:
This project will support the City Council’s strategic objectives and vision of building a community that families and businesses want to call home by:
- Sustaining quality of life - Improvements in the subdivision should improve the appearance of the neighborhood which should promote residents to provide better upkeep of properties in the neighborhood.
- Sustaining day-to-day operations - The replacement of substandard street pavement should reduce the need for non-scheduled or emergency repairs.
STAFF RECOMMENDATION/ACTION DESIRED:
Staff recommends authorizing the City Manager to take all steps necessary to acquire the needed property rights in compliance with all applicable laws and resolutions.