1996-07-22 Regular Meeting - Laserfiche WebLink

Browse Search

REST FOR CITY COUNCIL AGENDA I~ Agenda Date Requested: July 22. 1996 Requested By: Guv Rankin ~~11L Department: Planning Report Resolution X Ordinance Exhibits: 1. Ordinance 2. Area Map MMARY MMENDATI N The City has been petitioned by B. P. M. Partners, to close, vacate, and abandon the South 15th Street right-of-way between Blocks 1094 and 1095, Town of La Porte, and the sixteen foot (16') wide alley located within Block 1095, Town of La Porte (see attached map). Staff has received no objection to the closure from franchised utility companies. The Planning and Public Works Departments have reviewed the request and determined that the City does not have any immediate or future plans to utilize the right-of-way nor the alley in question. In closing the right-of-way of South 15th St. as mentioned above, the West half of the right- of-way (30' wide), will revert to Mr. Bruce Angel as part of the exchange previously agreed upon for his dedication of the West 40' of Lots 7-16, Block 1094, Town of La Porte, which allows for future widening of South 16th St. (Powell Rd.). Monies will be collected from the sale of the East half of South 15th St. as well as the alley of Block 1095 to the applicant, BPM Partners, Inc.. Staff has calculated the fair market value of the East half of the South 15th St. right-of-way (7,110 sq. ft.) and the alley of Block 1095 (4,105 sq. ft.) per terms set forth in the Code of Ordinances. The appraised value for the East half of South 15th St. equals 58,333.98 and 53,792.30 for the alley of Block 1095 for a total of 512,126.28. Recommendation Staff recommends approval of this request subject to the payment of 512,126.28 from BPM Partners, Inc. to the City of La Porte within 30 days of council approval of the ordinance. Action Required by Council: Consider approval of an ordinance granting the closure of the South 15th Street right-of-way between Blocks 1094 and 1095, Town of La Porte and an ordinance granting the closure of the alley of Block 1095, Town of La Porte. Availability of Funds: N/A _ General Fund _ Capitallmprovement _ Other Account Number: _ Water/Wastewater _ General Revenue Sharing Funds Available: YES NO Aanroved for Citv Council Agenda Robert T. Herrera City Manager DATE