Title
Approval for the Mayor and/or City Administrator to sign the necessary documents for an exchange of properties and to authorize the escrow of funds in the amount of $4,572.23.
Presented by Steve Acenbrak, Director of Transportation
Body
Item Summary:
The City of Roswell intends to swap property located at 1020 Grimes Bridge Road for property located at 27 Oxbo Road. The City purchased the Grimes Bridge Road property as part of the roundabout construction and will retain an additional permanent easement for future rights of way. The remainder of the Grimes Bridge property is exchanged for 27 Oxbo Road which enables a more efficient Oxbo Road realignment design, better connections between Elm Street and Pleasant Hill Street, a storm water quality facility, and a potential creek-side trail connection to Oxbo Park.
Committee or Staff Recommendation:
Staff recommends approval.
Financial Impact:
$5,000 is available to cover the escrow of funds in the Oxbo Road Realignment project in Org 35042200, Object 541415, Project 90005. Upon approval of the agreement for the exchange of properties, funds in the amount of $4,572.23 will need to be placed in escrow.
Presented by:
Steven D. Acenbrak, PE, LEED AP, Director of Transportation