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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.Deed <br />3.Area Map <br />SUMMARY & RECOMMENDATION <br />The City has received an application from 402 Hwy 146 S, LLCto vacate,abandon and close the <br />th <br />South 11Street Right-of-Way located between Block 1 and Block 2, La Porte(see Exhibit 4 – <br />Area Map).The purpose of the closingis toprovide a larger area to facilitate future development <br />in Block 2, La Porte. <br />The subject closingis located within the recently-completedF216 Linear Detention Basin. <br />Therefore, any future improvements constructed within theclosing areawill be required to <br />accommodate the respective shareof the overall detention volume designed within this section of <br />th <br />the South 11Street Right-of-Way. <br />Staffhas reviewed thisclosing request for conflicts with existing water and/or sanitary sewer <br />facilities and has determined that nosuch utilities are located within the right-of-wayto be closed. <br />Additionally, Centerpoint Energy, AT&T and Comcast have each reviewedthe closing and have <br />expressed no objections. <br /> <br />In accordance with Section 62.35 of the Code of Ordinances,an independent appraisal of the <br />subject alleyhas been conductedto determine its fair market value.The appraisal has established a <br />value of $1.50per square foot.The City has subsequently received payment from the applicantin <br />theamount of $27,000(75% of Fair Market Value per the ordinance)forthe right-of-way closing. <br />____________________________________________________________________________________ <br />Action Required of Council: <br />th <br />Street <br />Consider approval or other action ofanordinance vacating, abandoning, andclosingthe South 11 <br />Right-of-Way between Block 1 and Block 2, La Porteand authorize the execution and delivery of a deed to <br />the adjoining landowner. <br />Approved for City Council Agenda <br />_________________________________________________________ <br />Corby D. Alexander, City Manager Date <br /> <br />