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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