Approval to Acquire Land for South First Street Water Project

Original title: Approve a resolution authorizing the filing of eminent domain proceedings and payment to acquire the property interests needed for Austin Water’s South First Street Reclaimed Water Main Project for the public use of completing a series of construction projects to reclaim a core loop through downtown to interconnect the reclaimed water system north and south of the Colorado River, requiring the acquisition of a temporary working space easement, consisting of 0.121 acre (5,280 square foot) tract or parcel of land out of the Issac Decker League, Survey Number 20, situated in the City of Austin, Travis County, Texas; and being a portion of Lots 3 and 4, Block 2 of D. W. Bouldin’s addition to the City of Austin a subdivision found recorded in Volume 1, Page 78 of the Plat Records of Travis County, Texas, the said Lots 3 and 4, along with Lot 2, Block 2, having been conveyed to 1503 South 1st, LLC, by that General Warranty deed found recorded as Instrument Number 2018023823 of the Official Public Records of Travis County, Texas, currently appraised at $266,104 subject to an increase in value based on updated appraisals, a Special Commissioner’s award, negotiated settlement, or judgement. The owner of the needed property is 1503 South 1st, LLC. The property is located at 1503 South First Street, Austin, Texas 78704. The general route of the project is within the right-of-way on South First Street between Monroe Street and Riverside Drive. Funding: $266,104 is available in the Capital Budget of Austin Water.