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<br />. <br /> <br />. <br /> <br />ORDINANCE NO. 1693 <br /> <br />Page 2 <br /> <br />Being that portion of the right-of-way of Tyler Street from the <br />east right-of-way line of North Broadway to the west right-of- <br />way line of Kansas Street, and lying and being situated between <br />Blocks 416, 417, 418, and 419, Town of La Porte, Harris County, <br />Texas; and <br /> <br />Being that portion of the right-of-way of Madison Street from <br />the east right-of-way line of North Broadway to the west right- <br />of-way line of Kansas Street, and lying and being situated <br />between Blocks 418, 419, 434, and 435, Town of La Porte, Harris <br />County, Texas; and <br /> <br />Being that portion of the right-of-way of Iowa Street from the <br />north right-of-way line of Adams Street to the south right-of- <br />way line of North "E" Street, and lying and being situated <br />between Blocks 416, 417, 418, 419, 434, and 435, Town of La <br />Porte, Harris County, Texas; and <br /> <br />Being the entire sixteen feet (16') by four hundred feet (400') <br />alleys in Blocks 416, 417, 418, 419, 434 and 435, Town of La <br />Porte, Harris County, Texas. <br /> <br />SUBJECT TO: <br /> <br />1. The City of La Porte retains for the benefit of Houston <br />Lighting and Power Company, easement rights for Houston <br />Lighting and Power Company's existing transmission and <br />distribution facilities that are currently in place in said <br />rights-of-way. <br /> <br />2. The City of La Porte retains an easement for the eight inch <br />(8") water line on Madison Street. The City of La Porte <br />will release the easement for the existing 8" water line on <br />Madison Street, upon further agreement with applicant for <br />the re-routing of said water line at applicant's sole <br />expense, and the granting by applicant to the City of La <br />Porte, of an easement in form acceptable to the City of La <br />Porte, for the re-routing of such water line. <br /> <br />Section 2. This ordinance shall be effective upon the <br />performance of the following conditions precedent, by the applicant, <br /> <br />to-wit: <br /> <br />1. The payment by applicant to the City of La Porte, as and <br />for the fair market value of the street and alley rights- <br />of-way to be closed, of the cash sum of $362,400.00, in <br />certified funds. <br /> <br />2. The purchase by applicant of all of the property abutting <br />the portions of the street and alley rights-of-way <br />described herein. <br /> <br />Section 3. When the conditions set forth in Section 2 have <br /> <br />been performed, the City Secretary of the City of La Porte is <br /> <br />authorized to issue a certified copy of this ordinance to applicant, <br /> <br />for recording in the Harris County Clerk's office. <br /> <br />Section 4. The City Council officially finds, determines, <br /> <br />recites and declares that a sufficient written notice of the date, <br /> <br />hour, place and subject of this meeting of the City Council was <br />