Item 4EItem 4E
Approve Purchase of Right-of-Way for Kimball Avenue Improvements from 600 North Kimball Avenue
Location Map
Prop. ROW Acquisition
600 N. Kimball Ave.
Parcel location - 600 North Kimball Avenue
0.145 acre (6,301 sf) right-of-way parcel along North Kimball Avenue north S. H. 114
Required for widening of North Kimball Avenue
Approve purchase of right-of-way for North Kimball Avenue Improvements from the property at 600 North Kimball Avenue
Right-of-Way Exhibit
600 North Kimball Avenue
Total Area of Acquisition (S.F.) 6,301sf
Initial Offer
Appraised land value ($9.00/S.F.) $57,264.00
Improvements 555.00
Net Value $59,400.00
Proposed Settlement
Appraised land value ($10.00/S.F.) $63,010.00
Temp. Const. Easement ($1.00/S.F.) 2,136.00
Improvements 0.00
Net Value (within 10% of appraisal) $65,146.00
Recommendation
Approve Purchase of Right-of-Way for Kimball Avenue Improvements from 600 North Kimball Avenue
Questions? Bob Price (817) 748-8097