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R-95-08-24-13L - 8/24/1995RESOLUTION NO. R- 95- 08- 24 -13L c WHEREAS, the City Council has previously authorized the condemnation of a tract of land for right -of -way for a new public street in Oakmont Centre, and WHEREAS, First Service Corporation ( "Owner ") has agreed to sell the tract to the City, and WHEREAS, the Council wishes to enter into a contract with Owner for the purchase of the needed right -of -way, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a contract with First Service Corporation for the purchase of the needed right -of -way, said contract attached hereto and incorporated herein for all purposes. RESOLVED this 24th day of August, 1995. ATTEST: K: \RESOL[TTI \RS50824L. WPD /kg E LAND, City Secretary CHARLES CUL °E " ER, Mayor City of Roun. Rock, Texas DATE: August 22, 1995 SUBJECT: City Council Meeting, August 24, 1995 ITEM: 13.L. Consider a resolution authorizing the Mayor to enter into a contract for the purchase of right of way for a new street in Oakmont Centre. Staff Resource Person: Joe Vining Staff Recommendation: Approval The attached resolution will facilitate the purchase of .917 acres out of Lot 1, Oakmont Centre Section One Revised for the construction of a new road. A purchase price has been agreed on thus avoiding a condemnation action. Cypress Semiconductor will reimburse the City for the cost of the land as well as construct the new road. ECONOMIC IMPACT: None lY.� %r.N ��J'��/