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CM-06-10-203ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERITY. Mayor NyleMaxwell MayorPro-tem Alan McGraw Council Members Rurusrloneycutt Joeairrord Carlos T. Salinas Scott Rhode Ted Williamson CityManager James Ft Nuse.PE. CityAttorney StephanL Sheets October 9, 2006 Mr. Chaz Glace CEO Chasco Constructors P.O. Box 1057 Round Rock, TX 78680 Mr. George Christianson Owner CASA Mechanical Services 2401 Kiphen Road Round Rock, TX 78664 RE: Memorandum of Understanding Chaz and George, We have been discussing the proposed right of way acquisition of your property on Kiphen Road for some time now. It is the purpose of this letter to place our recent discussions in the form a Memorandum of Understanding so that we can move forward to a mutually agreed upon resolution. I am prepared to recommend the following course of action to the Council provided that you acknowledge the same by your signatures below. • Attachment "A" is a drawing that depicts an alignment of driveways and roadways through your property. It is intended to provide CASA and Chasco with two driveways each to your businesses. One of those driveways at each business will be designed to allow full access by 18 wheeled vehicles to and from those businesses to Kiphen Road. Kiphen Loop will be realigned and contain limits on driveway access as shown on the drawing. • Attachment "B" is a four sheet document showing current right of way area, improvement values, and land valuation for Parcels 2, 3, and 4. It is agreed by the parties that the value offered by the City is acceptable to the property owners is as shown on Attachment "B" except for the square foot value on Parcel 3. Attachment "B" calls for $0.75 per square foot ($141,722) for Parcel "3". The proposed value is $1.50 per square foot. It is further agreed that some redesign will be necessary to account for the proposed realignments shown in Attachment "A". Those redesigns will change the amount of property taken so the compensation will be adjusted accordingly by the values in Attachment "B". C.m-o- Q03 CITY OF ROUND ROCK ADMINISTRATIVE DEPT.. 221 East MainStreel-RoundRock,Texas78664 Phone:5'2.218.54o1 •fax:512.218 7097 -www roundrocktexas gov With your signatures, this item will be given to the Council for action on October 12, 2006. If acceptable to all, the upcoming Special Commissioner Hearings will be cancelled. Thank you for your cooperation is resolving this matter. s R. Nuse, P.E. City Manager Chasco Constructors Chaz Glace, CEO CASA Mechanical Services George Christianson, Owner Attachment B Summary of City of Round Rock Proposal for the Northpark Property Parcel #2 $4,522 Parcel #3 $343,409 Parcel#4 $39,757 TOTAL $387, 688* *Value subject to change based on attached square footage values and alignment adjustments. Land value Improvement value (Per CORR appraisal) TOTAL Difference: $1,730 Parcel 2 (GCLC) 0.032 ac. acquisition out of 11.3 parent tract CORR OWNER $2,076 ($1.50/ft) $3,806 (2.75/ft) $2,446 $2,446 $4,522 $6,252 Land value Improvement value (Per CORR appraisal) TOTAL Difference: $377,926 Parcel 3 (Northpark) 4.330 ac. acquisition out of 46.526 parent tract CORR OWNER $141,722 ($0.75/ft) $519,648 (2.75/ft) $ 59,965 $ 59,965 $201,687 $579,613 Revised Proposal for Parcel #3 Land value $283,444 ($1.50/ft) Improvement Value $59,965 REVISED TOTAL $343,409 Parcel 4 (Park Central) 0.287 ac. ROW and 0.193 ac. drainage easement acquisition out of 10.11 ac_ parent tract Land value (ROW) Land value (Drainage esmt) Improvement value (Per CORR appraisal) TOTAL Difference: $23,532 CORR $19,971 ($1.60/ft) $12,768 ($1.60/ft X 95%) $ 7,018 $39,757 OWNER $34,326 (2.75/ft) $21,945 (2.75/ft X 95%) $ 7,018 $63,289