HomeMy WebLinkAbout(0036) M&C 21-0397City of Fort Worth,
Mayor and
Texas
Council Communication
DATE: 06/08/21 M&C FILE NUMBER: M&C 21-0397
LOG NAME: 214851 LOOP 820 S- VSB INVESTMENTS LLC
SUBJECT
(CD 5) Authorize Acquisition of a Permanent Sewer Facility Easement in Approximately 0.441 Acres of Land and a Temporary
Construction Easement in Approximately 1.291 Acres of Land Located at 4851 East Loop 820 South, Situated in the J.W. Daniel Survey, Abstract
395 in Tarrant County, City of Fort Worth, Texas from Property Owned by VSB Investments, LLC for the Lake Arlington Force Main and Lift
Station Project for a Total Purchase Price of $117,685.00 and Pay Estimated Closing Costs in an Amount Up to $5,000.00 for a Total Cost of
$122,685.00
RECOMMENDATION:
It is recommended that the City Council:
1. Authorize acquisition of a permanent sewer facility easement in approximately 0.441 acres of land and a temporary construction easement
in approximately 1.291 acres of land located at 4851 East Loop 820 South, situated in the J.W. Daniel Survey, Abstract 395 in Tarrant
County, City of Fort Worth, Texas from property owned by VSB Investments, LLC for the Lake Arlington Force Main and Lift Station project
(City Project No. 100995);
2. Find that the total purchase price of $117,685.00 is just compensation for the easement interests and pay total estimated closing costs in an
amount up to $5,000.00; and
3. Authorize the City Manager or his designee to accept the conveyance and record the appropriate instruments.
DISCUSSION:
The permanent sewer easement and temporary construction easement interests in the subject property are needed for sewer improvements on
the Lake Arlington Force Main and Lift Station project (City Project No. 100995) between East Loop 820 South and Lake Arlington. An
independent appraisal established fair market value for the permanent and temporary easements and the property owner has agreed to an
amount of $117,685.00 as total compensation for the needed easement interests in the land. The City will pay estimated closing costs in the
amount up to $5,000.00.
Upon City Council approval, staff will proceed with acquiring the necessary easement interests in the subject property.
Parcel
Interest
Address//Legal�
Type of
No.
Owner
Descri tion
Propert /Acrea9 a
Amount
VSB
J.W. Daniel
Permanent Sewer
29
Investments,
Survey Abstract
Facility
$57,685.00
PSFE
LLC
395
Easement 0.441
Acres
Temporary
VSB
J.W. Daniel
Construction
�TCEInvestmens,Survey
Abstract
Easement 1.291
$45,000.00
LLC
395
Acres
IL
ICost To Cure
$15,000.00
LIE]
Estimated Closing
Cost
$5,000.00
Total Cost
$122,685.00
This property is located in COUNCIL DISTRICT 5.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that funds are available in the current capital budget, as previously appropriated, in the W&S Capital Proj 2018
Fund for the Lake Arlington, FM, LS and SS project to support the approval of the above recommendations and the purchase of the easements.
Prior to any expenditure being incurred, the Water and Property Management Departments have the responsibility to validate the availability of
funds.
Submitted for City Manager's Office by: Dana Burghdoff 8018
Originating Business Unit Head: Steve Cooke 5134
Additional Information Contact: Burt Gonzales 2311
Ricardo Salazar 8379