Item 10- RCA: Transmission easement 18524 FM 969 — original pdf

Backup

Item 10 Posting Language ..Title Authorize negotiation and execution of all documents and instruments necessary or desirable to grant an electric transmission easement across 10.014 acres (436,210 square feet) of the City-owned property located at 18524 FM 969, Austin, Texas 78653 to LCRA Transmission Services Corporation, a not-for-profit company of the Lower Colorado River Authority, for an amount not less than $184,258, to support a battery tolling project of Austin Energy and Balcones Ridge Resiliency, LLC, a subsidiary of Jupiter Power, LLC. Funding: The sale is projected to result in $184,258 of additional revenue to the Fiscal Year 2026-2027 Operating Budget of Austin Energy. ..De Lead Department Austin Financial Services. Fiscal Note The sale is projected to result in $184,258 of additional revenue to the Fiscal Year 2026-2027 Operating Budget of Austin Energy. For More Information: Brandon Williamson, Austin Financial Services, 512-974-5666; Michael Gates, Austin Financial Services, 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 14, 2026 - to be reviewed by the Electric Utility Commission. Additional Backup Information: Balcones Ridge Resiliency, LLC, a subsidiary of Jupiter Power LLC, on behalf of LCRA Transmission Services Corporation, a Texas not-for-profit corporation of the Lower Colorado River Authority, seeks to purchase from the City an electric transmission easement across the City-owned property located at 18524 FM 969, Austin, Texas 78653, along Blake Manor Road, to support the transmission of up to 100 megawatts of electricity from a utility-scale battery facility. This 100-megawatt utility-scale energy storage project will assist in stabilizing the energy grid and support Austin's clean energy goals. The sale consists of approximately 10.014 acres (436,210 square feet) of electric transmission easement out of section 27, John B. Walters Survey, Abstract No. 25 and section 56, Richard Duty Survey, Abstract No. 215 in in Travis County, Texas and being a portion of Tract 1 and Tract 13 conveyed to the City of Austin, Texas in Volume 10098, Page 617, recorded February 10, 1987 in the Real Property Records of Travis County, Texas; a portion of that certain 22.29 acre tract conveyed to the City of Austin, Texas in Volume 3837, Page 1164, recorded April 28, 1970 in the Deed Records of Travis County, Texas; and a portion of that certain 13.95 tract conveyed to the City of Austin, Texas in Volume 3792, page 253, recorded January 15, 1970 in the Deed Records of Travis County, Texas. The easement will be conveyed to LCRA Transmission Services Corporation at closing. An independent, third-party appraisal was procured to establish the fair market value of the proposed disposition. The appraisal supports the sales price of $184,258.