Item 9B Approve the purchase of right of way for FM1938 Phase 2 from the property at 1202 Randol Mill Avenue in the amount of $219,778
Item 9B
Requested Action
Approve the purchase of right of way for FM1938 Phase 2 from the property at 1202 Randol Mill Avenue in the amount of $219,778
Parcel 243 - 1202 Randol Mill Avenue
3,324 SF right of way parcel along Randol Mill Avenue, north of FM1709
Required for installation of 30” water supply line and 8’ sidewalk along the east side of the roadway
Approve the purchase of right of way
for FM1938 Phase 2
Right of Way Exhibit
Proposed Settlement (based on appraisal)*
Parcel 243 – 1202 Randol Mill Avenue $1,330
(3,324 SF right of way @ $0.40)
Improvements* 2,517
Damages** 215,931
Total $219,778
(for land, improvements, cost to cure)
*Value of improvement, less depreciation
**the difference in value between the original value of the parcel before the taking and the remainder value after the taking
Approve the purchase of right of way
for FM1938 Phase 2
Financial Considerations
Funding for the acquisition of this right of way parcel is included in the city’s approved CIP budget
Location Map
Questions: Bob Price (817) 748-8097