O-2003-2635 - Laserfiche WebLink

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e e Amended Resolution Value Assurance Program For LaPorte Property Owners WHEREAS, the Port of Houston Authority of Harris County, Texas (port Authority) is working with the City of LaPorte, Texas, to replat, rezone, and approve a Planned Unit Development on property the Port Authority plans to use for a Truck Entry Station, (TES) on Barbours Cut Blvd.; and WHEREAS, the adjacent property owners in Blocks 433,432, 980, 981, 982, 983, 984, 985, 973, 974, and 988, Town of LaPorte, Harris County, Texas, that are within 400 feet of the TES have concerns about declining property values once construction of the TES is begun and want assurance that, should their current property value decline, the Port Authority will purchase their property; and WHEREAS, the Port Authority is willing to offer the option to all property owners in the Blocks mentioned above to sign up for the Barbours Cut Terminal Truck Entry Station Value Assurance Program, described below, within 180 days following the date the City of LaPorte, Texas, grants a Special Conditional Use Permit to the Port Authority for the TES. NOW THEREFORE BE IT RESOLVED THAT, the Port of Houston Authority of Harris County, Texas, establishes the following Barbours Cut Terminal Truck Entry Station Value Assurance Program, for the property owners who sign up for the program: 1. Owners of property in the Blocks described in the Preamble of this Resolution may sign up for the Value Assurance Program after the City of LaPorte issues a Special Conditional Use Permit (SCUP) to the Port Authority for its Truck Entry Station for Barbours Cut Terminal, and those owners may sign up for 180 days after that date. Owners who sign up for the Program must allow the Port Authority to conduct a Phase I site assessment of their property prior to its being enrolled in the Program. The Port Authority will only disqualify from the Program property with material environmental concerns Wl1 of the kind typically found in a residential subdivision. For example, lead paint and asbestos siding do not disqualify property from the Program. 2. The Value Assurance Program (Program) is not transferable to subsequent owners of the property. No property may participate in the Program after the 180-day time frame expires. 3. The Port Authority will purchase the above-described property that is unimproved property at the 2003 Harris County Appraisal District Appraised Value. Unimproved property is considered to be vacant land, that is, land with no structures on it. Under the Program, a slab or utilities are not considered improvements. 4. The Port Authority will purchase the above-described property that is improved property at the market value as established by a Texas State Certified Appraiser after the property owner signs up for the Program. The owner of improved property will CD