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Item 4D AudioCity Council Members: Item 4D on the consent agenda is for approval of the purchase of right of way for Kirkwood Boulevard Improvements from the property located at 1371 East Highland Street. 1 The improvements on Kirkwood Blvd would link the city’s strategy map in the Focus areas of mobility and Infrastructure. The core objectives met are to provide high quality custom service and to invest to provide and maintain high quality public assets. 2 The row of way on the parcel is required for construction of the Kirkwood Boulevard improvements and will accommodate travel lanes and installation of both city utilities and franchise utilities. 3 This slide shows the location of the parcel needed for the construction of Kirkwood Boulevard. 4 The slide indicates that the north two lanes of Kirkwood Blvd will be constructed from Highland to Blessed Way. Also shown are the improvements at Highland and Kirkwood Blvd. The southern two lanes are anticipated to be constructed when the adjacent properties are developed in the future. 5 This slide shows the ultimate configuration when Kirkwood Blvd is completely constructed in the future. 6 The total area of the parcel that the City is aquireing is 36,000 sf with an appraised land value of $162,800. Although the entire parcel is not required in order to construct Kirkwood Boulevard, the estimated damages that the City would be required to pay are $47,350. Acquiring the entire parcel will maximize the investment of City funds. Future disposition of the remainder property will be addressed at a later date. 7 Staff recommends the approval of purchase of right of way for Kirkwood Boulevard Improvements from the property at 1371 East Highland Street. 8 Please contact Bob Price at 817-748-8097 with any questions. 9