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<br />e <br /> <br />e <br /> <br />It has been City policy to receive compensation in one of several ways, money, off-site <br />improvements, or exchange of land. Traditionally we have not allowed a <br />developer/subdivider of land using public rights-of-ways to use the new subdivision as <br />fair market compensation. <br /> <br />Although, 272 new homes will increase the tax base of the community, it does not <br />address either the fair market compensation for the public r-o-w or the off-site impact <br />of the development. Please note the developer is creating off site demand on <br />additional services, i.e. road improvements. It would be prudent for the developer to <br />share in those cost through these closing fees, development agreement or <br />impact/capital recovery fees (which we currently do not have in place). <br /> <br />Staff recommends using the HCAD x 1.75 fee collected for the future development of <br />Caniff Road. This would directly improve the overall development of the subdivision <br />and have a positive impact on the overall public safety and welfare of this subdivision. <br /> <br />Recommendation <br />Staff recommends vacating, closing, and abandoning of the Caniff Road (West "H" <br />Street) right-of-way to facilitate future development of Section 2, of the Pecan Crossing <br />Subdivision. <br /> <br />ActIon Required by Council: <br /> <br />Consider approval of an ordinance to close, vacate, and abandon the right-of-way of <br />Caniff Road (West "H" Street) lying and situated between Outlots 704 & 705 of the La <br />Porte Outlots. <br /> <br />Availability of Funds:" ". ,.or. ,. -.. <br />General Fund <br />Capital Improvement <br />Account Number: <br />. ..... .". ,.. .... ,~"... ,. . . ",,,_.. . .... . . _. u <br /> <br />,... .. , ....,.. '. .",,,. .. ., ~ . " I ,... <br /> <br />n. ... ,.. <br /> <br />Water /Wastewater <br />General Revenue Sharing <br />Funds Available: YES NO <br /> <br />. _ ~....n....."....." _" ... <br /> <br />~...."'.. '.uno . .M .. <br /> <br />, ...... <br /> <br />. . <br /> <br />Approved for City Council Agenda <br /> <br />~~T.~ <br />Robert T. Herrera <br />City Manager <br /> <br />\l-t,-'), <br /> <br />DATE <br />