Item 27 Passedunofficial
Approve a resolution authorizing the filing of eminent domain proceedings and payment to acquire the property interests needed for the Capital of Texas Highway/Loop 360 at Lakewood Project for the public use allowing Austin Water to relocate water and wastewater lines in conflict with Texas Department of Transportation roadway improvements requiring the acquisition of a waterline easement consisting of approximately 0.1282 of one acre (5,584 square feet) of land, out of and a part of the Robert Foster Survey, Abstract Number 284, in the City of Austin, Travis County, Texas, same being a portion of Lot 1, Lakewood Office Park, a subdivision recorded on December 18, 1986, in Book 87, Page 43C of the Plat Records of Travis County, Texas, to Austin Innovation Park by special warranty deed executed August 4, 2021, recorded in Document Number 2021174167 of the Official Public Records of Travis County, Texas, currently appraised at $42,438 subject to an increase in value based on updated appraisals, a Special Commissioner’s award, negotiated settlement, or judgment. The owner of the needed property is Austin Innovation Park, LLC, a Texas limited liability company. The property is located at 6801 North Capital of Texas Highway, Austin, Texas 78731. The general route of the project is along the Capital of Texas Highway/Loop 360 corridor at Lakeline Drive. Funding: $42,438 is available in the Capital Budget of Austin Water.
The city wants the green light to use eminent domain to acquire a small waterline easement — about 0.1282 acres (5,584 square feet) — at 6801 North Capital of Texas Highway, owned by Austin Innovation Park, LLC. Austin Water needs the space to relocate water and wastewater lines that conflict with TxDOT roadway improvements along the Loop 360 corridor at Lakewood. The property is currently appraised at $42,438, with funding available in Austin Water's Capital Budget, though that figure could rise based on updated appraisals or a settlement.
"Without objection, items 27 and 28 are adopted" — meeting transcript (unofficial)