O-2005-2860 - Laserfiche WebLink

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REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation Agenda Date Requested: December 12tb. 2005 Requested By: Wayne J. S~ Department: Plannine: 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 -LNO SUMMARY & RECOMMENDATION The City has received an application from Aldersgate Trust to vacate, abandon and close the Bellaire Avenue Right-Of-Way within the Bayshore Park Addition to the City of La Porte. The applicant seeks closure of this Right-Of-Way to facilitate future development. In reviewing the application, the Public Works Department has indicated that an existing 6" Water Line is located along the South Right-Of-Way of Bellaire Avenue for which an easement shall be retained. Each of the City's franchised utility companies (i.e. Centerpoint Energy, SBC & Time Warner Connnunication) has received notification of the closing and each has submitted letters of I' no objection. In accordance with Section 62.35 of the Code of Ordinances, Staffhas arranged for an independent appraisal to be conducted of the Right-Of-Way in question. As a result, the fair market value of the subject property has been assessed at $1.25 per square foot. The City has received compensation in the amount of$19,585.54 (75% of Fair Market Value as per the ordinance) from the applicant for the closing, which contains a total of20,835.68 square feet. Recommendation: Staff reconnnends that City Council authorize vacating, abandoning, and closing of the Bellaire Avenue Right-Of-Way within the Bayshore Park Addition to the City Of La Porte, as petitioned by the applicant. Action Required of Council: Consider approval of ordinance to vacate, abandon, and close the Bellaire Avenue Right-Of- Way, within the Bayshore Park Addition to the City Of La Porte. Approved for City Council Agenda / cJ,. - ~---{) ;) Date