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<br />City's Street & Alley Escrow account subject to final action by Council. This figure submitted by <br />the applicants is based on closing the entire 6,400 square feet of the alley at $2.25 per square foot <br />(75% of fair market value as defined in the City's ordinance). <br /> <br />Recommendation: <br /> <br />Staff recommends vacating, abandoning, and closing the alley in Block 69, Town of La Porte. <br />Staff additionally recommends that a public utility easement be retained as described in the <br />ordinance for the purpose of maintaining existing public facilities currently located within the <br />alley. <br /> <br />Action Reauired of Council: <br /> <br />Consider approval of an ordinance to vacate, abandon, and close the alley in Block 69, Town of La <br />Porte, said ordinance to retain a utility easement for existing public facilities. <br /> <br />Approved for City Council Agenda <br /> <br /> <br />!; -</ -03 <br /> <br />Date <br />