| | | | | | | |  | CITY OF PLANO
COUNCIL AGENDA ITEM |
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| | | | | | | | Council Meeting Date: 9/10/2018
Department: Engineering
Department Head: B. Caleb Thornhill
Agenda Coordinator: Libby McCabe |
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CAPTION
To approve an expenditure for the purchase of a Street, Sidewalk and Utility Easement, and a Temporary Construction Easement in the amount of $59,000 from Brixmor Holdings 12 SPE, LLC for Legacy Drive at Parkwood Boulevard and Coit Road between SH 190 and Mapleshade Lane, Project No. 6610; and authorizing the City Manager to execute all necessary documents. Approved |
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FINANCIAL SUMMARY CIP
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FISCAL YEAR:
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2017-18
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Prior Year
(CIP Only)
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Current
Year
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Future
Years
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TOTALS
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Budget
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72,250
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1,346,456
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1,000,000
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2,418,706
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Encumbered/Expended Amount
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-72,250
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-209,974
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0
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-282,224
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This Item
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0
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-59,000
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0
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-59,000
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BALANCE
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0
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1,077,482
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1,000,000
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2,077,482
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FUND(S): Street Improvements CIP
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COMMENTS: Funding for this item is available in the 2017-18 Street Improvement CIP, with additional funding planned in the Proposed 2018-19 CIP. Purchase of a Street, Sidewalk and Utility Easement and a Temporary Construction Easement for the Legacy Drive at Parkwood Boulevard and Coit Road between SH 190 and Mapleshade Lane Project No. 6610, in the amount of $59,000, will leave a project balance of $2,077,482 available for future project expenditures. |
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SUMMARY OF ITEM
The Engineering Department recommends approval of an expenditure in the amount of $59,000 for the purchase a 0.0326 Acre Street Sidewalk and Utility Easement and a 0.1904 Acre Temporary Construction Easement for Legacy Drive at Parkwood Boulevard and Coit Road between SH 190 and Mapleshade Lane Project No. 6610.
The easements are located along the east side of Coit Road and south side of Mapleshade Lane. The easements will allow for the construction of an additional left turn lane on northbound Coit Road and an additional left turn lane on westbound Mapleshade Lane.
Not approving the expenditure would result in continued traffic congestion at the intersection having a negative impact on the quality of life for motorists in this area.
Strategic Plan Goal:
Financially Strong City with Service Excellence, Great Neighborhoods - 1st Choice to Live
Plano Tomorrow Plan Pillar:
Built Environment, Economic Environment |
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