Item 4DITEM 4D
Approve purchase of right-of-way for Kirkwood Boulevard Improvements from the property at 1371 East Highland Street
Kirkwood Boulevard Improvements
Parcel location (1371 East Highland Street)
Total of 0.8265 acre (36,000 sf) right-of-way parcel along East Highland Street
0.0790 acre (3,439 sf) is prescriptive right-of-way
Required for constructing Kirkwood Boulevard from Blessed Way to East Highland Street
Location Map
Kirkwood Blvd – Short Term Improvements
(5 years)
Insert Exhibit:
Kirkwood/Highland/Carroll - Ultimate
Kirkwood Boulevard Long Term Improvements
Eubanks Property
Kirkwood Boulevard Improvements
Total Area of Acquisition (S.F.) 36,000sf
Prescriptive ROW (S.F.) 3,439sf
Compensable ROW (S.F.) 32,561sf
Appraised land value ($4.99/S.F.) $162,800
Proposed Settlement* $ 179,000
* within parameters previously approved by City Council to allow for up to 10% above appraised value
RECOMMENDATION
Approve purchase of right-of-way for Kirkwood Boulevard Improvements from the property at 1371 East Highland Street
Questions?
Bob Price
817-748-8097