CM-10-04-075ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY
City Manager Approval Summary Sheet
Consider executing Memorandum to forego the use of a real estate contract for the
acquisition of (1) 0.0149 acre fee and (2) 0.0057 acre temporary construction easement
out of a 1.032 acre parent tract from Georgetown Railroad Company for the Chisholm Trail
Item Caption: Project (Parcel 6).
Approval Date: April 2, 2010
Department: Legal
Project Manager: Steve Sheets
Item Summary:
This is a request for execution of a memorandum to forego the use of a real estate contract to acquire f (1) 0.0149
acre fee and (2) 0.0057 acre temporary construction easement out of a 1.032 acre parent tract from Georgetown
Railroad Company for the Chisholm Trail Project. This right-of-way is necessary for the improvement to Chisholm
Trail.
Strategic Plan Relevance:
26.0 Construct major elements of the transportation and mobility system as approved by Council in the Master
Transportation Plan.
Cost: $2,858.00
Source of Funds: 2002, 2004 & 2007 General Obligation Bonds
00187546. DOC
REV. 3/8/10
MEMORANDUM
TO: Jim Nuse
FROM: Steve Sheets
DATE: 3/24/10
RE: Chisholm Trail—parcel 21—Georgetown Rail Road Company
Acquisition of (1) 0.0149 acre fee and (2) 0.0057 acre temporary construction easement
out of a 1.032 acre parent tract at the west line of Chisholm Trail Rd., south of N.
Industrial Blvd.
Property Owner Request
Georgetown Rail Road is requesting that the City forego the use of a Real Estate Contract
for the acquisition of the fee interest and TCE in Parcel 21. Bill Snead, President of
Georgetown Rail Road, would like make the transfer of title as simple as possible and has
agreed to sign the TCE and Special Warranty Deed before receiving a check from the
City.
The lack of Real Estate Contract will not produce any foreseeable legal problems. The
City's initial offer for the fee acquisition and TCE was $2,858. Mr. Snead has indicated
that Georgetown Rail Road will accept the City's offer.
By signing below, you acknowledge that the City of Round Rock agrees to purchase the
fee interest and TCE in Parcel 21 for $2,858 without the use of a Real Estate Contract.
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R. Nuse, City Manager