1996-10-14 Regular Meeting - Laserfiche WebLink

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REQ~T FOR CITY COUNCIL AGENDA IT~ Agenda Date Requested: Octo er 14 1996 Requested By: Guv Rankin ~ Department: Planning Report Resolution X Ordinance Exhibits: 1. Ordinance 2. Area Maps UMMARY RE MMENDATI N Decker McKim and Emery Farkas have repetitioned the City of La Porte to close, vacate, and abandon the alley of Block 1 19, as well as the right-of-way of South 11th Street between Blocks 119 & 120, Town of La Porte. Ordinance 96-2130, which closed the aforementioned street & alley, has been declared null & void due to expiration of the 45 day period established for the applicant to meet conditions stipulated therein. The closures are intended to open a larger tract of land for future development. Staff has determined that no city or franchised utilities exist in the area to be closed. In addition, staff has reviewed and processed the request with consideration to requirements for the future expansion of Little Cedar Bayou which lies immediately west of the proposed closings. In order to facilitate this expansion from an existing 60' wide H.C.F.C.D. easement to a future 170' wide H.C.F.C.D. right-of-way, the applicants have consented to deed a 1 10' x 400' strip out of Block 120, Town of La Porte. A separate signed agreement between the City of La Porte and the applicants will be executed for a complete survey of Little Cedar Bayou in this area and will be submitted to the city at the applicant's cost at the time of closing the property in Block 1 19 and 120. Using the guidelines set forth in the ordinance regulating street & alley closings, the fair market value of the alley of Block 119 has been estimated to be 510,698.24. The fair market value of the portion of the right-of-way of S. 1 1 th St. has been estimated to be 524,683.40. The total value for both right-of-ways to be closed equals 535,381.64. Using the same methodology, staff has estimated the fair market value of the 1 10' x 400' strip out of Block 120 for the future widening of Little Cedar Bayou to be 520,212.50. The net amount of monies received by the city for the closings equal 515,619.14. Staff recommends approval of this request subject to the following conditions: 1.) Payment in the amount of 515,619.14 from the applicants to the city for the closings within 45 day of passage and approval of the ordinance. 2.) Payment of all delinquent taxes owed on the property adjacent to closings. 3.) Execution of a General Warranty deed to a 1 10' x 400' strip of land out of Block 120, Town of La Porte for the widening of Little Cedar Bayou. Action Required by Council: Consider approval of an ordinance vacating, abandoning, and closing the alley of Block 1 19, Town of La Porte and the right-of-way of South 1 1 th St. between Blocks 1 19 & 120, Town of La Porte. Said ordinance also stipulating certain prerequisites and deliverables to the City within 45 days of passage and approval. Availability of Funds: N/A _ General Fund _ Water/Wastewater _ Capital Improvement _ General Revenue Sharing Other Account Number: Funds Available: YES NO Anaroved for Citv Council Agenda Robe~.(yl~rrera DATE City Manager