Approve a resolution authorizing the filing of eminent domain proceedings and payment to acquire the property interests needed for the Interstate Highway 35 Central Water/Wastewater Relocation Project for the public use of water and wastewater improvements, requiring the acquisition of a Water and Wastewater Easement consisting of 0.0070 (306 square feet) of one acre of land, more or less, out of and a part of the Santiago Del Valle Survey, Abstract No. 24 in Travis County, Texas, being a portion of Lot 1, Oltorf Village South, a Subdivision of Record in Volume 82, Page 27 of the Plat Records of Travis County, Texas, (P.R.T.C.TX), said Lot 1 conveyed to Peers Holdings, LLC-R.S. 2700 S. Interstate Highway 35, by Deed filed for record on July 3, 2023, recorded in Document No. 2023073837 of the Official Public Record of Travis County, Texas, (O.P.R.T.C.TX); currently appraised at $12,852 subject to an increase in value based on updated appraisals, a Special Commissioner’s award, negotiated settlement, or judgment. The owner of the needed property is Peers Holdings, LLC, R.S. 2700 S Interstate Highway 35. The property is located at 2700 South Interstate Highway 35, Austin, Texas 78704. The general route of the project is Interstate Highway 35 Frontage Road from Holly Street to Texas State Highway 71/Ben White Boulevard. Funding: $12,852 is available in the Capital Budget of Austin Water.
25-0781 · Eminent Domain · Agenda Ready