Item 4C Approve the purchase of right of way and easement for Kimball Avenue Improvements from the property at 2199 East Dove Road in the amount of $240,000
Item 4C
Requested Action
Approve the purchase of right of way and easement for Kimball Avenue Improvements from the property
at 2199 East Dove Road in the
amount of $240,000
Parcel 23 – 2199 East Dove Road
0.175 acre (7,604 sf) right of way parcel at the southwest corner of East Dove Road and North Kimball Avenue, north of S. H. 114
0.031 acre (1,351 sf) utility, drainage and wall easement adjacent to right of way being acquired
Required for widening of North Kimball Avenue
Approve the purchase of right of way and easement for Kimball Avenue Improvements
Right of Way Exhibit
Utility, Drainage and Wall Easement Exhibit
2199 East Dove Road
Proposed Settlement (based on appraisal)
Right of way (7,604sf@$8.50/sf) $64,634.00
Util., drainage & wall esmt.(1,351sf@75%*$8.50/sf) 8,613.00
Improvements* 40,252.00
Cost to cure** 126,501.00
Total $240,000.00
*Value of improvement minus depreciation
**Includes demolition of the 2 existing buildings on the property and the depreciation of the remainder after the taking
Financial Considerations
Funding for the right of way and easement purchase is available in the FY2011 capital improvement budget
Location Map
2199 East Dove Road
North Kimball Avenue
Questions: Bob Price (817) 748-8097