Title
Consider/Discuss/Act on a Resolution Authorizing the Sale of Two Parcels of Land Located in the Samuel McFarland Survey, Abstract No. 558 to the State of Texas for the Construction of the State's Highway 5 Project, Which Parcels of Land Consist of approximately 1.646 Acres of Land Located on the West Side of State Highway 5 South of its intersection with Harry McKillop Boulevard ("Parcel 6"), and approximately 2.943 Acres of Land Located on the East Side of State Highway 5 South of its intersection with Harry McKillop Boulevard ("Parcel 7"), Both Totaling approximately 4.589 Acres of Land; and Authorizing the City Manager to Execute Deeds and Documents Regarding the Sale of Said City-Owned Property to the State of Texas
Summary
COUNCIL GOAL: Operational Excellence
(2B: Balance available resources to accommodate the growth and maintenance needs of the city)
MEETING DATE: March 21, 2023
DEPARTMENT: Development Services/Engineering
CONTACT: Gary Graham, PE, PTOE, Director of Engineering
Todd Wright, Real Estate Acquisitions Administrator
RECOMMENDED CITY COUNCIL ACTION:
* Approval of Resolution.
ITEM SUMMARY:
* This item authorizes the sale, at fair market value, of two parcels of land totaling approximately 4.589 acres to the State of Texas for use as Right-of-Way (ROW) in the reconstruction and/or widening of SH 5 from Spur 399 north to Powerhouse Street, and further authorizes the City Manager to execute all necessary deeds and documents for the sale of said property.
BACKGROUND INFORMATION:
* TxDOT is currently planning for the reconstruction of SH 5 from Spur 399 north to Powerhouse Street.
* On October 4, 2021, McKinney City Council adopted a Resolution which authorized the City Manager to execute an agreement with TxDOT to participate in ROW acquisition for the State Highway 5 Project. The City paid ten percent (10%) of the funds needed to acquire the ROW for the Project. TxDOT is contributing the remaining ninety percent (90%) to acquir...
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