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• • <br />Minutes Special Called Regular Meeting <br />La Porte City Council <br />March 18, 1996, Page ~ <br />6. CONSIDER APPROVAL OR OTHER ACTION REGARDING AN ORDINANCE <br />APPROVING AND AUTHORIZING A SETTLEMENT AND RELEASE AGREEMENT <br />BETWEEN THE CITY OF LA FORTE AND JANET A. STEVENSON FOR <br />SETTLEMENT OF TWO (2) LAWSIIITB BROIIGHT BY MRS. STEVENSON <br />AGAINST THE CITY OF LA FORTE (Ord. 96-2096) - R. Askins <br />City Attorney Knox Askins reviewed with Council the background <br />and explanation of the settlement documents. <br />City Attorney read: ORDINANCE 96-2096 - AN ORDINANCE <br />APPROVING AND AUTHORIZING A SETTLEMENT AND RELEASE AGREEMENT <br />BETWEEN THE CITY OF LA FORTE AND JANET A. STEVENSON FOR <br />SETTLEMENT OF TWO (2) LAWSUITS BROUGHT BY MRS. STEVENSON <br />AGAINST THE CITY OF LA FORTE; APPROPRIATING $65, 000.00 TO FUND <br />SAID AGREEMENT; MAKING VARIOUS FINDINGS AND PROVISIONS <br />RELATING TO THE SUBJECT; FINDING COMPLIANCE WITH THE OPEN <br />MEETINGS LAW; PROVIDING AN EFFECTIVE DATE HEREOF. <br />Motion was made by Councilperson Clarke to approve Ordinance <br />96-2096 as read by City Attorney. Second by Councilperson <br />Thrower. The motion carried, 6 ayes, 0 nays. <br />Ayes: Councilpersons Sutherland, Cooper, Thrower, <br />Maxwell, Clarke and Mayor Pro Tem McLaughlin <br />Nays: None <br />7. CONSIDER APPROVAL OR OTHER ACTION REGARDING AN ORDINANCE <br />VACATING, ABANDONING AND CLOSING A PORTION OF THE ALLEY IN <br />BLOCK 1096, TOWN OF LA FORTE (Ord. 96-2097) - G. Rankin <br />City Engineer Fred Thompson reviewed the summary and <br />recommendation for the request. The applicant has agreed to <br />the value determined to be $1.25 per sq. ft. and has paid the <br />closing fee of $6,039.85. <br />City Manager Robert T. Herrera introduced Vice President of <br />Baytown State Bank-La Porte, Mr. Leonard Hines, and asked Mr. <br />Hines if he would like to present his plans for the property. <br />Mr. Hines spoke explaining, "This is part of what we have to <br />go through to get everything to fall in line with regulatory <br />approval from the State, FDIC, and from the City. We have our <br />earnest money contract with the partnership, and one of the <br />conditions was this alley should be abandoned. We have State <br />approval and with City Council approval, which we hope is <br />coming tonight, we have verbal approval from the FDIC, who was <br />waiting approval from the Texas Historical Commission. We <br />finally got the approval of the Texas Historical Commission, <br />and we are on a calendar of about two weeks of having the <br />approval of the FDIC. Once we have that we will close on the <br />