03-24-14 Regular Meeting of La Porte City Council

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REQUEST FOR CITY COUNCIL AGENDA ITEMREQUEST FOR CITY COUNCIL AGENDA ITEM March 24, 2014March 24, 2014AppropriationAppropriation Agenda Date Requested:Agenda Date Requested: N/A N/A Tim Tietjens Tim Tietjens Source of Funds:Source of Funds: Requested By: Account Number:Account Number: Planning & Development Planning & Development Department: Amount Budgeted:Amount Budgeted: Report:Resolution:Resolution:Ordinance:Ordinance: Amount Requested:Amount Requested: Other: Budgeted Item:Budgeted Item:YESYESNONO Attachments :Attachments : 1. Ordinance1. Ordinance 2. Deeds2. Deeds 3. Area Map3. Area Map SUMMARY & RECOMMENDATIONSSUMMARY & RECOMMENDATIONS The City has processed an application from Mr. Henry Farhat/Vanezia Properties, LLC to vacate, abandon and The City has processed an application from Mr. Henry Farhat/Vanezia Properties, LLC to vacate, abandon and thth close the alley in Block 644, La Porte; the N. 17close the alley in Block 644, La Porte; the N. 17 St. Right St. Right--ofof--Way between Blocks 643 & 644, La Porte; and the Way between Blocks 643 & 644, La Porte; and the thththth W. Madison St. RightW. Madison St. Right--ofof--Way from N. 16Way from N. 16 St. to the centerline of the N. 17 St. to the centerline of the N. 17 St. Right St. Right--ofof--Way (see Area Map). Way (see Area Map). th Mr. Farhat desires to acquire these rightsMr. Farhat desires to acquire these rights--ofof--way to facilitate future development in the 500 block of North 16way to facilitate future development in the 500 block of North 16 Street. Crenshaw Real Properties, the adjacent owner of Block 643, La Porte, has joined Vanezia Properties in Street. Crenshaw Real Properties, the adjacent owner of Block 643, La Porte, has joined Vanezia Properties in thththth the closing request and desires to obtain the west ½ of the N. 17the closing request and desires to obtain the west ½ of the N. 17 St. Right St. Right--ofof--Way adjacent to their block. Way adjacent to their block. Staffs review of the closing application has determined that no public or franchised utilities exist within the subject s review of the closing application has determined that no public or franchised utilities exist within the subject rights-of-way to be closed. way to be closed. In accordance with Section 62.35 of the Code of Ordinances, an independent appraisal of the subject rightIn accordance with Section 62.35 of the Code of Ordinances, an independent appraisal of the subject right--ofof-way has been conducted to determine fair market value. The appraisal has established a value of $2.00 per square foot has been conducted to determine fair market value. The appraisal has established a value of $2.00 per square foot for the 54,080 sq. feet of rightfor the 54,080 sq. feet of right--ofof--way to be closed. Total closing fees (with 25% discount by ordinance) have way to be closed. Total closing fees (with 25% discount by ordinance) have been calculated to be $63,120 for which payment has been received.been calculated to be $63,120 for which payment has been received.