Item 10- RCA CapExC Tr5 Lila Holdings, LLC — original pdf

Backup

RCA Agenda Item - Acquisition – CapExCentral Tract 5 Requested Council Date: 09/25/2025 Deadline for Requested Council Date: 08/26/2025 District: 3 Posting Language Authorize negotiation and execution of all documents and instruments necessary or desirable to acquire approximately a 0.0179 acre (780 square feet) of permanent electric transmission and distribution easement generally located out of 50 Waller Street, Austin, Travis County, Texas 78702, out of Outlot 55, Division “O”, City of Austin, Travis County, Texas, being a portion of Lot 17, Block 2, Elm Grove, a subdivision of record in Book 2, Page 241, Plat Records, Travis County, Texas, said Lot 17 and the south 30 feet of Lot 16, Block 2, in said Elm Grove subdivision conveyed to Lila Holdings, LLC by General Warranty Deed dated January 20, 2023, as recorded in Document No. 2023011921, Official Public Records, Travis County, Texas for a total amount not to exceed $91,702 including closing costs. Funding: $91,702 is available in the Capital Budget of Austin Energy. Lead Department Financial Services Department Fiscal Note Funding is available in the Capital Budget of Austin Energy. Prior Council Action – N/A For More Information Brandon Williamson, Financial Services Department, 512-974-5666; Michael Gates, Financial Services Department, 512-974-5639; Amy Everhart, Austin Energy, Director, Local Government Issues 512-322- 6087; David Tomczyszyn, Austin Energy, VP Electric Systems Engineering and Technical Services, 512-322- 6821 Council Committee, Boards and Commission Action September 8, 2025: To be reviewed by the Electric Utility Commission Additional Backup Information This proposed acquisition is required to relocate various structures along the existing Circuit 1015 to accommodate the Texas Department of Transportation’s expansion of Interstate Highway 35 (I-35) as part of its I-35 Capital Express program. The I-35 Capital Express Lady Bird Lake project runs along I-35 from Holly Street to SH71/ Ben White Blvd. An independent, third-party appraisal was procured to establish the fair-market valuation of the proposed acquisition. The appraisal supports the purchase price of $90,299. The amount of the purchase price plus closing costs is not to exceed $91,702. The State of Texas will reimburse the City for the cost to acquire these property rights, pursuant to both the Standard Utility Agreement executed between the parties regarding the relocation of Circuit 1015 and the Settlement Agreement in Case No. C-1-PB-24-001200 in Travis County Probate Court No. 1, concerning the State’s condemnation of the City’s property at 1007 Lambie Street. Page 1 of 1 Item 10