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<br />. <br /> <br />. <br /> <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br /> <br />Aoorooriation <br /> <br />Source of Funds: N/A <br /> <br />Requested By: Nick Finan <br /> <br />Account Number: N/A <br /> <br />Department: Plannine <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 Abdul R. Moosa to vacate, abandon and close the alley <br />in Block 1106, Town of La Porte. The purpose of this request is to facilitate future development of <br />a commercial building on this block. <br /> <br />In reviewing the application, the Public Works Department has indicated that no existing City <br />utilities are located within the subject alley. Additionally, each of the City's franchised utility <br />companies (Le. Centerpoint Energy, SBC & Time Warner Communication) has received <br />notification ofthe 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 alley in question. As a result, the fair market value of the subject property has <br />been assessed at $2.50 per square foot. The City has received compensation in the amount of <br />$12,000.00 (75% of Fair Market Value as per the ordinance) from the applicant for the closings, <br />which contain a total of 6,400 square feet. <br /> <br />Recommendation: <br /> <br />Staff recommends that City Council authorize vacating, abandoning, and closing of the alley in <br />Block 1106, Town of La Porte as petitioned by the applicant. <br /> <br />Action Reauired of Council: <br /> <br />Consider approval of ordinance to vacate, abandon, and close the alley in Block 1106, Town of La <br />Porte. <br /> <br />Approved for City Council Agenda <br /> <br /> <br />~~~~:ify <br /> <br />02-3-iJ 1 <br /> <br />Date <br />