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AI# 12695  Regular City Council Meeting 6.15. 07/23/2024:

Information

Agenda Item

Resolution - Right-of-Way: Consider a resolution authorizing the Mayor to accept a Real Estate Sales Contract, and all related documents, by and between the City of Lubbock and Lubbock Land Holdings, LLC, for the purchase of real property located in Lot 21, 82nd Acres Addition to the City of Lubbock, Lubbock County, on the east side of I-27, south of 82nd Street, to be used for drainage improvements on the 2022 Roadway Bond Project.

Item Summary

The City of Lubbock is acquiring land to be utilized for drainage improvements on the 82nd Street: I-27 to MLK JR Boulevard Capital Improvements Bond Project on the east side of I-27, south of 82nd Street.   The proponents will dedicate a 162,697 square feet tract of land for drainage purposes, subject to final approval by the City Council and approval of title.

Fiscal Impact

The cost of the land acquisition is $700,000 plus closing costs. This acquisition is funded in Capital Improvements Project 92825, 82nd Street: I-27 to MLK JR Boulevard – 22B.

Staff/Board Recommending

Erik Rejino, Assistant City Manager Michael G. Keenum, P.E., Division Director of Engineering/City Engineer

Attachments 8901 HWY 87 - Resolution 8901 HWY 87 - Contract CIP Spreadsheet - (92825) - 7-23-2024

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