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<br />e e <br /> <br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: June 23. 1997 <br /> <br />Requested By: Guv Rankin ~ Department: Plannina <br /> <br />Report Resolution X Ordinance <br /> <br />Exhibits: <br />1. <br />2. <br /> <br />Ordinance <br />Area Map <br /> <br />SUMMARY 81 RECOMMfNDA ,.I~ <br /> <br />The City has been petitioned by Mr. Stuart Haynsworth (owner of the south 140.25' of Blocks <br />1177 & 1178) and Mr. Eddie Gray (owner of the north 259.75' of Blocks 1177 & 1178) to <br />close the right-of-way of South 17th Street between blocks 1177 & 1178, Town of La Porte <br />for future development. The Planning and Public Works, Departments have reviewed this <br />request and have determined that the City has no imm~diate or future plans to utilize the right- <br />of-way in question. Staff has solicited comments and received letters of no objection from <br />each of its franchised utilities companies. <br /> <br />In accordance with Chapter 21, Section 21-28 of the Code of Ordinances, the fair market <br />value of the south 140.25' of the S. 17th St. Right-of-Way has been determined to be <br />$0.4375 per square foot. Additionally, the value of the north 259.75' has been determined <br />to be $0.51 66 per square foot. This process utilizes the average HCAD appraised value of <br />adjacent, comparible properties ($0.25 and $0.2952 respectively) and multiplies by a factor <br />of 1.75. The right-of-way to be closed contains 24,000 square feet (8,415 s.f. on the south <br />side + 15,585 s.f. on the north side) resulting in a total payment of $11,732.77 which has <br />subsequently been received by the City. <br /> <br />Recommendation <br /> <br />Staff recommends vacating, closing, and abandoning of the South 17th St. Right-of-Way for <br />future development of the property. <br /> <br />Action Required by Council: <br /> <br />Consider approval of an ordinance to close, vacate, and abandon the right-of-way of South <br />17th Street between Blocks 1177 & 1178, Town of La Porte. <br /> <br />Availability of Funds: N/A <br /> <br />General Fund <br />Capital Improvement <br />Other <br />Account Number: <br /> <br />Water/Wastewater <br />General Revenue Sharing <br /> <br />Funds Available: YES <br /> <br />NO <br /> <br />Aooroved for City Council Aqenda <br /> <br />0?~j\: T, ~ <br /> <br />~ -l~ -~1 <br /> <br />Robert T. Herrera <br />City Manager <br /> <br />DATE <br />