Title
Authorizing the City Manager to execute a conditional purchase agreement and associated conveyance documents between Warren Richter and Carol Ann Richter and the City of Pflugerville as necessary to acquire real property interests for the Pfennig Lane Roadway Improvements Project.
Summary
The Pfennig Lane Roadway Improvements Project requires property acquisition, including the acquisition of right of way necessary to construct the project. The City’s property acquisition consultant and city staff have negotiated with Warren Richter and Carol Ann Richter for the needed right of way. The cost of $14,183.00 for a conditional purchase agreement has been agreed upon, subject to City Council approval, based on negotiations between the property owner and City.
Approval of this item will authorize the City Manager to execute a conditional purchase agreement and associated conveyance documents necessary for formal conveyance of the real property interests.
The City Attorney has reviewed and approved the language of the purchase agreement.
Fiscal Impact
Funding for this project is from the 2014 general obligation bond issuance.
Staff Recommendation
Authorizing the City Manager to execute a conditional purchase agreement and associated conveyance documents between Warren Richter and Carol Ann Richter and the City of Pflugerville as necessary to facilitate the conveyance of and acceptance of real property interests needed to construct the Pfennig Lane Roadway Improvements Project.
Presenter
Amy Giannini
City Engineer