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REQUEST FOR CITY COUNCIL AGENDA ITEM <br />Appropriation <br />Agenda Date Requested: October 22, 2012 <br />_______N/A__________ <br />Source of Funds: <br />_Tim Tietjens______ <br />Requested By: <br />Account Number:_______N/A_________ <br />Department: __Planning____________ <br />Amount Budgeted: ______N/A_________ <br />Report: _ __Resolution: ____Ordinance: _X_ <br />Amount Requested: _____N/A ________ <br />Budgeted Item: YES XNO <br />Exhibits: <br />1.Ordinance <br />2.Utility Easement <br />3.Deed <br />4.Area Map <br />SUMMARY & RECOMMENDATION <br />The City hasreceived and processed an application from JSLF Marks Investments, Ltd.to vacate,abandon <br />and close the southernmost 300’ of the alley in Block 26, La Porte (see Exhibit 4 – Area Map). <br /> <br />Staffhas reviewed theclosing request and determined that noCity utilities are located within the alley to be <br />closed. However, a public utility easement has been executed by JSLF Marks Investments to facilitate <br />existing Centerpoint Energyand AT&T facilities within the alley. Comcast has confirmed thatit maintains <br />no facilities in this portion of the alley. <br /> <br />In accordance with Section 62.35 of the Code of Ordinances,an independent appraisal of the subject alley <br />has been conductedto determine its fair market value.The appraisal has established a value of $4.00per <br />square foot.The City has subsequently received payment from JSLF Marks Investments, Ltd.in theamount <br />of $14,400(75% of Fair Market Value per the ordinance)for the closing. <br />____________________________________________________________________________________ <br />Action Required of Council: <br />Consider approval or other action approvinganordinance vacating, abandoning, andclosingthe south 300’ <br />of the alley in Block 26, La Porteand authorizingthe City Manager to execute a public utility easement <br />withinsaid alley,and executeand deliver of a deed to the adjoining landowner. <br />Approved for City Council Agenda <br />__________________________________________________________ <br />Corby D. Alexander, City Manager Date <br /> <br />