Agenda Item Description
Authorize (1) settlement in lieu of proceeding further with condemnation in the condemnation suit styled City of Dallas v. Raleigh Investment Group, LP, et al., Cause No. CC-13-06290-A, pending in Dallas County Court At Law No. 1, for acquisition from Raleigh Investment Group, LP, of approximately 82,849 square feet of land located near the intersection of Kate Road and Interstate Highway 20 for the Southwest 120/96-inch Water Transmission Pipeline Project; and (2) the deposit of the settlement amount reached through Court ordered mediation and negotiation of the condemnation suit for an amount not to exceed the settlement amount - Not to exceed $121,414, increased from $341,234 ($335,586 being the award, plus closing costs and title expenses not to exceed $5,648) to $462,648 ($457,000 being the settlement amount, plus closing costs and title expenses not to exceed $5,648) - Financing: Water Utilities Capital Construction Funds