Item 4B Audio9 CITY OF
SOUTHLAKE
Approve the purchase of right of way and
easement for Kimball Avenue Improvements
• 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
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Right of Way
Exhibit
T 4 ,�
3e
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
Utility, Drainage
and Wall
Easement
and
Temporary
Construction
Easement
Exhibit
1
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
afterthe taking
Location Map
1480 -1620
- North Kimball AV enue
9 CITY OF
SOUTH LAKE
Financial Considerations
Funding for the right of way and
easement purchase is available in the
FY2011 capital improvement budget.
The City of Southlake provides municipal services that support the highest quality of
life for our residents and businesses. We do this by delivering outstanding valueand
unrivaled quality in everything that we do..
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