O-2016-3640 Chapter 86 "Development Regulations" Appendix - A "Fees"

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(4) Any land or interest therein which was originally acquired for the purpose of streets, rights-of-way or easements, which the city chooses to trade or exchange as consideration for other land acquired for streets, rights-of-way or easements, including transactions which may be partly for cash and partly by trade or exchange; (5) Land owned by the city which it desires to have developed by contract with an independent foundation; or (6) Any interest in land that is conveyed by the city to a governmental entity having the power of eminent domain. (b) Any conveyance, sale or trade made under the provisions of this article shall never be for less than the fair market value of the land or interest being conveyed, or sold or traded, as determined by an appraisal obtained by the city, which shall be conclusive of the fair market value of such land or interest. In conducting such appraisal, the appraiser shall appraise the tract of land sought to be closed or conveyed as if it were an integral part of the adjoining or abutting tracts of land, and as if the city owned such tract of land in fee. In all cases fair market value shall be considered the 100% fee simple value as determined by such independent appraisal, whether the city owns the land in fee simple or has an interest in the tract of land, including a street, alley or easement. (c) Governmental entities shall be exempted from the payment of fair market value to the city. (d) The fair market value received in the vacating, abandoning and closing of the street, alley or easement, unless otherwise directed by the city council, shall be deposited by the city into the general capital improvement fund to be used for general capital improvements throughout the city." Section 2: That Appendix — A "Fees", Chapter 62, "Streets, Sidewalks and Other Public Places," Article II "Vacating, Abandoning and Closing Streets and Alleys", of the Code of Ordinances, La Porte, Texas, is hereby amended and shall hereinafter read as follows: "Chapter 62. Streets, Sidewalks and Other Public Places Article II. Vacating, Abandoning and Closing Streets and Alleys (a) Application fee to vacate, abandon or close (minimum) 300.00 62-32(a)" Section 3: That Appendix — A "Fees", Chapter 86, "Development Regulations," Article I "In General", of the Code of Ordinances, LaPorte, Texas, is hereby established and shall hereinafter read as follows: