Laserfiche WebLink
<br />REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Appropriation <br /> <br />Source of Funds: <br /> <br />N/A <br /> <br />Account Number: <br /> <br />N/A <br /> <br />Report: _Resolution: _Ordinance: l <br /> <br />Amount Budgeted: N/A <br /> <br />Amount Requested: <br /> <br />Exhibits: <br />1. Ordinance <br />2. Exhibit "A" to Ordinance <br /> <br />Budgeted Item: _YES ....x....NO <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />The City has received an application from DNV Petroleum to vacate, abandon and close the West Tyler Street Right- <br />Of Way located between the North 16th Street and North 15th Street Right-Of-Ways within the Town of La Porte <br />Subdivision. The applicant seeks closure of this Right-Of-Way to facilitate future development. <br /> <br />In reviewing the application, the Public Works Department has indicated a need for a 30' drainage easement to be <br />retained along the Northernmost half of the subject right-of-way. Each of the City's franchised utility companies (i.e. <br />Centerpoint Energy, SBC & Time Warner Communication) has received notification of the closing and each has <br />submitted letters of no objection. <br /> <br />Representatives from Public Works and PlanninglEngineering have visited the site in question to assess any potential or <br />future drainage and/or utility concerns and have deemed this closure to be viable. <br /> <br />In accordance with Section 62.35 of the Code of Ordinances, Staff has arranged for an independent appraisal to be <br />conducted of the Right-Of-Way in question. As a result, the fair market value of the subject property has been assessed <br />at $1.50 per square foot. The City has received compensation in the amount of$17,955.00 (75% of Fair Market Value <br />as per the ordinance) from the applicant for the closing, which contains a total of 15,960 square feet. <br /> <br />Recommendation: <br /> <br />Staff recommends that City Council authorize vacating, abandoning, and closing the West Tyler Street Right-Of Way <br />located between the North 16th Street and North 15th Street Right-Of-Ways within the Town of La Porte Subdivision <br />and retaining a 30' drainage easement along the Northernmost half of the subject right-of-way. <br /> <br />Action Required of Council: <br /> <br />Approve ordinance to vacate, abandon, and close the West Tyler Street Right-Of Way located between the North 16th <br />Street and North 15th Street Right-Of-Ways within the Town of La Porte Subdivision and retain a 30' drainage <br />easement along the Northernmost half of the subject right-of-way. <br /> <br /> <br />Jht601 <br /> <br />Date I <br />