Item 4B Approve the purchase of right of way and easements for Kimball Avenue Improvements from the properties at 1480-1620 North Kimball Avenue in the amount of $129,444
Item 4B
Requested Action
Approve the purchase of right of way and easements for Kimball Avenue Improvements from the properties
at 1480-1620 North Kimball Avenue in the amount of $129,444
Parcel 21 – 1480-1620 North Kimball Avenue
0.218 acre (9,499 sf) right of way parcel along North Kimball Avenue, south of East Dove Road
0.078 acre (3,381 sf) utility, drainage and wall easement adjacent to right of way being acquired
0.014 acre (625 sf) temporary construction easement adjacent to the easement being acquired
Required for widening of North Kimball Avenue
Approve the purchase of right of way and easement for Kimball Avenue Improvements
1480-1620 North Kimball Avenue
Right of Way Exhibit
Utility, Drainage and Wall Easement and Temporary Construction Easement Exhibit
1480-1620 North Kimball Avenue
Proposed Settlement (based on appraisal)
Right of way* $63,405.00
Utility, drainage & wall easement* 16,939.00
Temporary construction easement* 344.00
Improvements** 13,964.00
Cost to cure*** 34,792.00
Total $129,444.00
*The commercial land is valued at $8.50/sf and the residential land is valued at $5.50/sf
*Value of improvement, less depreciation
**Includes 12 months of lost rent, moving expenses, removal of the existing septic system, and 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
1480-1620
North Kimball Avenue
North Kimball Avenue
Questions: Bob Price (817) 748-8097