Approve a resolution authorizing the filing of eminent domain proceedings and payment to acquire the property interests needed for the East Martin Luther King Jr. Boulevard/ FM 969 Corridor Improvement Project for the public use of street right-of-way and construction, a shared-use-path route, and landscaping within the project area that will address congestion and enhance safety for pedestrians and cyclists, requiring the acquisition of 0.3496 of one acre (15,228 square foot) parcel of street right-of-way, being out of and a portion of the James Burleson Survey No. 19, Abstract No. 4, and the J.C. Tannehill Survey No. 29, Abstract No. 22, in the City of Austin, Travis County, Texas, being out of the remainder of that Tract described as 143.144 acres conveyed to Karlin Tracor Lane, LLC by Special Warranty Deed as recorded in Document No. 2020139775, Official Public Records, Travis County, Texas, currently appraised at $448,373 subject to an increase in value based on updated appraisals or a Special Commissioner’s award. The owner of the needed property is Karlin Tracor Lane, LLC, a Delaware limited liability company. The property is located at 00 Farm to Market Road 969 (FM 969), Austin, Texas, 78725 (the south side of FM 969 at the intersection of FM 969 and McBee Drive). The general route of the project is along FM 969 between United States Route 183 and Decker Lane.

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