SUBJECT:
title
Approval of a resolution authorizing the President & CEO, or her designee, to finalize and execute a Purchase and Sale Agreement for the purchase of a 1.79-acre tract of land located at 2401 East Slaughter Lane, Austin, TX 78744, together with certain off-site drainage and slope easements and any rights appurtenant thereto, from Austin Goodnight Ranch, L.P., for the future Goodnight Ranch Park and Ride, in an amount not to exceed $2,000,000 plus closing costs.
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FISCAL IMPACT:
Funding for this action is available in the FY 2024 capital budget and five-year capital improvement plan.
STRATEGIC PLAN:
Strategic Goal Alignment:
☒ 1. Customer ☒ 2. Community
☐ 3. Workforce ☐ 4. Organizational Effectiveness
Strategic Objectives:
☒ 1.1 Safe & Reliable Service ☒1.2 High Quality Customer Experience ☒ 1.3 Accessible System
☒ 2.1 Support Sustainable Regional Growth ☒ 2.2 Become a Carbon Neutral Agency
☒ 2.3 Responsive to Community and Customer Needs ☒ 2.4 Regional Leader in Transit Planning
☐ 3.1 Diversity of Staff ☐ 3.2 Employer of Choice ☐ 3.3 Expand Highly Skilled Workforce
☒ 4.1 Fiscally Responsible and Transparent ☐ 4.2 Culture of Safety ☐ 4.3 State of Good Repair
EXPLANATION OF STRATEGIC ALIGNMENT: This proposed land acquisition is part of Project Connect park and ride and bus rapid transit implementation, funded through Project Connect. The property will serve as the southern terminal facility for CapMetro’s new Pleasant Valley MetroRapid Line. This park and ride facility supports sustainable regional growth by providing new frequent bus service routes to respond to community and customer needs. This service also supports the agency’s carbon neutral goal.
BUSINESS CASE: The proposed fee simple land acquisition from Austin Goodnight Ranch, L.P. (AGR) is for a park and ride site and an access and drainage easement adjacent to the property. Staff obtained two (2) independent appraisals for the property and easements. The funding for this acquisition is available in the FY2024 Capital Budget and in the five-year capital improvement budget to be reimbursed by Project Connect.
The Pleasant Valley MetroRapid line consists of an approximately 15-mile Bus Rapid Transit (BRT) route along the E. William Cannon Drive, Pleasant Valley Road, and Airport Boulevard corridors in Austin, Texas. The project corridor is one of the highest ridership corridors in the CapMetro system and acts as a north-south spine east of I-35, extending transit coverage to the growing area of southeast Austin. The Pleasant Valley line will feature near-level boarding stations, improved station amenities, better pedestrian access to stations, enhanced safety and security at stations, and increased frequency in transit service.
COMMITTEE RECOMMENDATION: This item will be presented to the full board on April 22, 2024.
EXECUTIVE SUMMARY: This park and ride will include four (4) bus bays with electric bus charging necessary for charging of the all-electric vehicles on this line. The park and ride facility will accommodate customer 64 parking spaces. The Pleasant Valley MetroRapid line consists of an approximately 15-mile Bus Rapid Transit (BRT) route along the E. William Cannon Drive, Pleasant Valley Road, and Airport Boulevard corridors in Austin, Texas. The project corridor is one of the highest ridership corridors in the CapMetro system and acts as a north-south spine east of I-35, extending transit coverage to the growing area of southeast Austin. The Pleasant Valley line will feature near-level boarding stations, improved station amenities, better pedestrian access to stations, enhanced safety and security at stations, and increased frequency in transit service.
DBE/SBE PARTICIPATION: Does not apply.
PROCUREMENT: The purchase of a 1.79-acre tract of land located at 2401 East Slaughter Lane, Austin, TX 78744, together with certain off-site easements and any rights appurtenant thereto, from Austin Goodnight Ranch, L.P., for the future Goodnight Ranch Park and Ride, in an amount not to exceed $2,000,000 plus closing costs, is a non-competitive real property acquisition under Transportation Code Section 451.110.
RESPONSIBLE DEPARTMENT: Capital Construction Engineering & Design.
RESOLUTION
OF THE
CAPITAL METROPOLITAN TRANSPORTATION AUTHORITY
BOARD OF DIRECTORS
STATE OF TEXAS
COUNTY OF TRAVIS
AI-2023-887
WHEREAS, the Capital Metropolitan Transportation Authority Board of Directors and CapMetro management recognize the need to acquire real property to facilitate the implementation of Project Connect bus rapid transit lines, park and rides and electric bus charging facilities; and
WHEREAS, the acquisition and construction of the Goodnight Ranch Park and Ride will be the southern terminus of the Federal Transit Administration grant funded, Pleasant Valley Bus Rapid Transit line which will extend transit coverage to the growing area of southeast Austin; and
WHEREAS, the purchase of 2401 East Slaughter Lane will enable CapMetro to construct the Goodnight Ranch Park and Ride with battery electric bus charging and move CapMetro towards a carbon-neutral footprint.
NOW, THEREFORE, BE IT RESOLVED by the Capital Metropolitan Transportation Authority Board of Directors that the President & CEO, or her designee, is authorized to finalize and execute a Purchase and Sale Agreement and all other necessary agreements for the purchase of 1.79 acre of land located at 2401 East Slaughter Lane, Austin, TX 78744, being all of Lot 1 of the Goodnight Ranch Phase 2 subdivision in Travis County, Texas, together with certain off-site easements and any rights appurtenant thereto, from Austin Goodnight Ranch, L.P., for the future Goodnight Ranch Park and Ride, in an amount not to exceed $2,000,000 plus closing costs.
____________________ Date: ____________________
Secretary of the Board
Becki Ross