Authorize settlement in lieu of proceeding further with condemnation in the condemnation suit styled City of Dallas vs. Charter DMN Holdings, LP, Cause No. CC-25-07080-D, of approximately 36,227 square feet of land located near the intersection of Young and Houston Streets for the Kay Bailey Hutchison Convention Center Dallas (KBHCCD) Master Plan Component 1 Convention Center Expansion Project - Not to exceed $4,793,758.00 increased from $6,553,040.00 ($6,521,040.00, plus closing costs and title expenses not to exceed $32,000.00) to $11,346,798.00 ($11,300,000.00, plus closing costs and title expenses not to exceed $46,798.00) - Financing: Convention Center Construction Fund *In alignment with Kay Bailey Hutchison Convention Center Plan.

This resolution authorizes the settlement of a condemnation lawsuit concerning approximately 36,227 square feet of land near the intersection of Young and Houston Streets. The land is intended for the Kay Bailey Hutchison Convention Center Dallas (KBHCCD) Master Plan Component 1 Convention Center Expansion Project. The original authorized amount for acquisition was $6,553,040.00. The settlement increases this amount to a total not to exceed $11,346,798.00, which includes the settlement amount of $11,300,000.00 and closing costs/title expenses not to exceed $46,798.00. This represents an increase of $4,793,758.00 from the previously authorized amount. The funds will be drawn from the Convention Center Construction Fund.

Residents may see future expansion of the Kay Bailey Hutchison Convention Center, which could impact local traffic and economic activity. The city is increasing its expenditure by nearly $4.8 million to acquire this land through settlement rather than continuing condemnation proceedings.

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