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<br />. <br /> <br />e <br /> <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Appropriation <br /> <br />Requested By: Nick Finan <br /> <br /> <br />Source of Funds: N/A <br /> <br /> <br />Account Number: N/A <br /> <br />Department: Plannin <br /> <br />Amount Budgeted: N/A <br /> <br />Report: _Resolution: _Ordinance: ..x.. <br /> <br />Amount Requested: <br /> <br />Exhibits: <br />1. Ordinance <br />2. Area Map <br /> <br />Budgeted Item: _YES ...x..NO <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The City has received an application from Walter E. Johnson to vacate, abandon and close the <br />alleys in Blocks 397 and 398, Town of La Porte, and a portion of the North 1st Street right-of-way, <br />Town of La Porte. <br /> <br />In reviewing the application, the Public Works Department has indicated that no existing City <br />utilities are located within the subject alleys. Additionally, each of the City's franchised utility <br />companies (i.e. Centerpoint Energy, SBC & Time Warner Communication) has received <br />notification of the closing and has submitted letters of no objection. <br /> <br />In accordance with Ordinance No. 98-2225, Staff has arranged for an independent appraisal to be <br />conducted of the alleys in question. As a result, the fair market value of the subject properties has <br />been assessed at $1.75 per square foot. The City has received compensation in the amount of <br />$48,300.00 (75% of Fair Market Value as per the ordinance) from the applicant for the closings, <br />which contain a total of 36,800 square feet. <br /> <br />Recommendation: <br /> <br />Staff recommends that City Council authorize vacating, abandoning, and closing of the alleys in <br />Blocks 397 and 398, and the portion of the North 1st Street right-of-way between Blocks 397 and <br />398 Town of La Porte as petitioned by the applicant. <br /> <br />Action Reouired of Council: <br /> <br />Consider approval of ordinance to vacate, abandon, and close the alleys in Blocks 397 and 398, <br />and the portion of the North 1st Street right-of-way between Blocks 397 and 398 Town of La Porte. <br /> <br />Approved for City Council Agenda <br /> <br /> <br />0--q~tf <br /> <br />Date <br />