AGENDA CAPTION:
Title
Consider approval of Resolution 2021-138R, approving an agreement with the Icon Properties Ltd. providing for the City to purchase an approximately 2,992 square foot portion of land out of 1102, 1104 & 1106 Academy Street for a price of $80,000.00, together with associated closing costs, in connection with the Sessom/Academy Drainage and Infrastructure Improvements project; authorizing the City Manager, or his designee, to execute said agreement; and declaring an effective date.
Body
Meeting date: August 3, 2021
Department: Engineering & CIP
Amount & Source of Funding
Funds Required: $80,000 + Closing Costs
Account Number: C419-WWW 52036378-70200; $48,000.00 “Engineering WWW debt 2021”; Contingent upon 2021 debt sale and account being funded in Tyler C419 - Drainage 51036378-70200; $32,000.00 “Engineering debt 2021”; Contingent upon 2021 debt sale and account being funded in Tyler
Funds Available: $0.00
Account Name: C419 - Sessom Drainage Improvements at Academy
Fiscal Note:
Prior Council Action: NA
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Background Information:
The attached agreement is for the land acquisition of approximately 2,992 SQFT from Icon Properties Ltd for $80,000 plus closing costs. The land acquisition is required to accommodate drainage infrastructure and sidewalks as part of this project
Sessom Drainage Improvements project will address the localized flooding issues along Sessom Dr from Yale Street to Comanche St. Currently there is a storm drain running through private property that will be abandoned, and improvements will be made to alleviate flooding of adjacent properties.
In addition to the drainage improvements, the following multi-modal infrastructure improvements will be completed as part of this project:
• Water and Wastewater lines replacement along Academy St and Sessom Dr from Holland St to Comanche St.
• A 10’ shared use path; Sidewalks on north and south side (within project limits)
• New Traffic signal at Sessom/Academy intersection
• Pedestrian crossing and pedestrian push buttons at Sessom/Academy intersection
• Improved intersection geometry for safe traffic operations
• A wider sidewalk in front of TxState Student Recreation Center
• Bike lanes for cyclists
Construction is scheduled for May 2022.
Council Committee, Board/Commission Action:
NA
Alternatives:
NA
Recommendation:
Staff recommends approval of this agreement