07-2: MOU AW -TxDOT IH-35 CapEx Central WL Relocation - Holly to 290W — original pdf

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M E M O R A N D U M O F U N D E R S T A N D I N G FDU #: 3920 2207 6642, 4570 2307 6843; Project I.D.: 3212.162 Angela Means Interim Director, Parks and Recreation Department Shay Ralls Roalson P.E. M.O.U. # PARD 24-006 Director, Austin Water Department TO: FROM: SUBJECT: AW TxDOT IH-35 CapEx -Relocations DATE: Austin Water is allowed to use the parkland located at Norwood Tract at Town Lake Metro Park, Edward Rendon Sr. Park at Festival Beach, and Waller Beach at Town Lake Metro Park as part of the work site for the above referenced project, as indicated in Attachment “B” (Location Map). The parkland is to be used for relocation of water and wastewater lines that are in conflict with the TxDOT IH-35 Capital Express Central project. The requested area(s) are: Parkland Waller Beach Metro Park Edward Rendon Sr. Metro Park Norwood Tract Metro Park TCAD Value per Square Foot $460 $200 $200 Area Required for Temporary Use (Square Feet) 7,767 3,746 4,592 16,105 Duration (days) Area Required for Permanent Use (Square Feet) Temporary Use Calculated Fee1 Permanent Use Calculated Fee2 396 396 572 6,135 6,462 5,239 17,836 $589,911 $988,398 $123,618 $452,340 $218,885 $932,414 $366,729 $1,807,468 Total: $2,739,882 [1] Includes 15% rate of return for temporary uses [2] Includes adjustment for 35% construction disturbance value based on limitations on future development of parkland. Total Mitigation Fees to be transferred to PARD: $2,739,882 The estimated Project Start Date is October 2025 The estimated duration of the parkland use is 968 Calendar Days. Both Waller Beach Metro Park and Edward Rendon Sr. Metro Park durations will be concurrent. Estimated Date of Final Completion (Restoration complete and accepted by Environmental Inspector and PARD; Parkland open for Public Use) is October 2030. 1 of 2  Extension/modification of parkland use must receive prior written approval from PARD. Additional fees will be assessed at the same daily rate as indicated in Attachment A (mitigation worksheet). Austin Water is in agreement to provide the following mitigation in return for use of the parkland: Funds Transfer in the amount of $2,739,882 to be paid within 30 Calendar Days after execution of this Memorandum of Understanding. Austin Water Point of Contact is: Mueen Chowdhury, P.E. Phone Number: 972-0209 Capital Delivery Services Point of Contact is: Adewale Odufuye, P.E. Phone Number: 974-7119 PARD Point of Contact is: Gregory Montes Phone Number: 974-9458 Parks & Recreation Board: (Date) Council Approval: (Date) ____________________________________________________________ Angela Means Interim Director, Parks and Recreation Department CONCURRENCE ____________________________________________________________ Shay Ralls Roalson P.E. Director, Austin Water Department Date Date Attachments: A (Mitigation Calculation Worksheet) B (Location Map) C (Project Schedule) 2 of 2