SUBJECT:
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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 p...
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