O-2007-3031 - Laserfiche WebLink

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REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested: September 24, 2007 Requested By: Wayne J. sat/f;v'f / Department: Plannin2: Source of Funds: N/A Account Number: N/A Amount Budgeted: N/A Report: _Resolution: _Ordinance: l Amount Requested: Exhibits: 1. Ordinance 2. Area Map Budgeted Item: _YES ---X-NO SUMMARY & RECOMMENDATION The City has received application from Mr. Lin Pfeiffer to vacate, abandon and close the North 14th Street Right-Of-Way between West Polk and West Adams Street rights-of-way. The applicant's reason for this request is to facilitate future expansion of Pfeiffer & Son, Ltd. at 116 N. 16th St. Upon review of the proposed closing, the Public Works Department has stated no objection to the closing. Additionally, each of the City's franchised utility companies (i.e. Centerpoint Energy, SBC & Comcast) have reviewed the closing and each company has submitted letters of no objection. In accordance with Section 62.35 of the Code of Ordinances, an independent appraisal has been conducted of the North 14th Street Right-of-Way which contains a total of 24,000 square feet. The resulting fair market value ofthe right-of-way has been assessed at $0.75 per square foot. The City has subsequently received payment from the applicant in the amount of $13,500 (75% of fair market value per the ordinance) from the applicant for the closing. Recommendation: It is Staff's recommendation that Council authorize vacating, abandoning, and closing the North 14th Street Right-Of-Ways between West Polk Street and West Adams Street as petitioned by the applicant. Action Required of Council: Authorize an ordinance vacating, abandoning, and closing the North 14th Street Right-Of-Way between the West Polk and West Adams Street. cil Agenda 01.0') ate