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AI# 11894  Regular City Council Meeting 5.22. 09/12/2023:

Information

Agenda Item

Resolution - Right-of-Way: Consider a resolution authorizing the Mayor to accept, for and on behalf of the City of Lubbock, a Street and Public Use Dedication Deed, and all related documents, from South Plains Electric Cooperative, in connection with certain real property located in Section 26, Block AK, Lubbock County, Texas, as described under County Clerk File No. 2016011116 of the Official Public Records of Lubbock County, Texas, to be utilized for street, curb, gutter, sidewalk, drainage right-of-way, public utilities, and other public purposes.

Item Summary

South Plains Electric Cooperative is dedicating right-of-way to the City of Lubbock to be utilized for roadway improvements on the 98th Street Capital Improvements Bond Project on the north side of 98th Street between Upland Avenue and Viola Avenue.   The proponents will dedicate 14,575 square feet of land for street right-of-way purpose, for the total consideration of $104,916.58, as valued in appraisal reports by Atrium Real Estate Services, subject to final approval by the City Council and approval of the title.

Fiscal Impact

The total cost of the land acquisition is $104,916.58 with the purchase price of $103,599.00 and the closing cost of $1,317.58, This acquisition is funded in Capital Improvements Project 92811, 98th Street: Alcove Avenue to Upland Avenue – 22B.

Staff/Board Recommending

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

Attachments Resolution 98th St. Parcel 48 Street Dedication Deed CIP Spreadsheet Budget Detail

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