SUBJECT:
title
Approval of a resolution authorizing the President & CEO, or her designee, to finalize and execute the purchase of .0239 of one acre (1,039 square feet) of land for a drainage easement from Orangestone TG, LLC in a total not to exceed amount of $168,318.
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FISCAL IMPACT:
Funding for this action is available in the FY2025 Capital Budget.
STRATEGIC PLAN:
Strategic Goal Alignment:
? 1. Customer ? 2. Community
? 3. Workforce ? 4. Organizational Effectiveness
EXPLANATION OF STRATEGIC ALIGNMENT: The purchase of the drainage easement land will enable CapMetro to fulfill a key component of Project Connect related Redline improvements, specifically a new commuter rail station.
BUSINESS CASE: The purchase of the Drainage Easement land will enable the construction of the new Broadmoor commuter rail station serving the Domain, Uptown ATX development, and the surrounding area.
COMMITTEE RECOMMENDATION: The item was presented and recommended for approval by the Operations, Planning and Safety Committee on June 11, 2025.
EXECUTIVE SUMMARY: In December 2020, CapMetro entered into an agreement (Agreement Regarding Transit Facilities and Related Improvements at the Uptown ATX Development) with Broadmoor Austin Associates and BDN Management, Inc. ("Brandywine") to develop the commuter rail station located at Brandywine's commercial development called Uptown ATX. Since that time, CapMetro and Brandywine have worked together to develop plans and apply for a City of Austin Site Development permit. The purchase of land for a drainage easement from Orangestone TG, LLC, in the amount of $168,318 is required to properly to obtain a construction permit from the City of Austin for the conveyance of water away from CapMetro's rail right-of-way to facilitate construction of the transit facilities.
DBE/SBE PARTICIPATION: Does not apply.
PROCUREMENT: Does not apply.
RESPONSIBLE DEPARTMENT: Strategic Planning a...
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