Item 4H Approve purchase of right-of- way for North Kimball Avenue Improvements from the property at 501 North Kimball Avenue

City of Southlake Strategy Map Live Our Core Values The City of Southlake provides municipal services that support the highest quality of life for our residents and businesses. We do this by delivering outstanding value and unrivaled quality in everything that we do. Fulfill Our Mission PromoteLearning and Growth ProvideFinancialStewardship Serve Our Customers C1 Achieve the highest standards of safety and security C3 Provide attractive and unique spaces for enjoyment of personal interests C4 Attract and keep top-tier businesses to drive a dynamic and sustainable economic environment C2 Provide travel convenience within city and region B5 Optimize use of technology B1 Implement and share best practices across all departments B3 Pursue innovative service delivery options B4 Provide high quality customer service B2 Collaborate with select partners to implement service solutions F1 Achieve competitive financial benchmarks F2 Maintain or improve AA bond rating F4 Maximize return on investments F3 Invest to provide and maintain high quality public assets Manage the Business Safety Mobility Infrastructure Performance Management Quality Partnerships and Security and Service Delivery Development and Volunteerism L2 Enhance leadership capabilities to deliver results L3 Attract, develop and retain a skilled workforce L1 Ensure our people understand the strategy and how they contribute to it L4 Recognize and reward high performers L5 Actively promote opportunities for partnerships and volunteer involvement (individual and group) Deliver on Our Focus Areas Integrity ● Innovation ● Accountability ● Commitment to Excellence ● Teamwork

Parcel location (501 N. Kimball Ave.)Parcel location (501 N. Kimball Ave.) acre (16,103sf) right-of-way parcel along North Kimball Avenue north S. H acre (16,103sf) right-of-way parcel along North Kimball Avenue north S. H. 114 Required for widening of North Kimball AvenueRequired for widening of North Kimball Avenue Approve purchase of right-of-way for North Kimball Avenue Improvements from the property at 501 North Kimball Avenue

Location Map 501 N. Kimball Ave. Prop. ROW Acquisition

Approve purchase of right-of-way for North Kimball Avenue Improvements from the property at 501 North Kimball Avenue Total Area of Acquisition (S.F.) 16,103sf Prescriptive ROW (S.F.) 6,688sf Compensable ROW (S.F.) 9,415sf Appraised land value ($9.00/S.F.)$84, Improvements 7, Cost to cure damages Net Value$91, Proposed Settlement$ 100,000.00

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