12-06-1984 Planning and Zoning Commission Regular Meeting (2)

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• ~ JOHN D. WELCH & ASSOCI~ES Rein Estntc Ap~rur.rers & Coasultcrnts • December 6, 1984 City of LaPorte 604 West Fairmont Parkway Laporte, Texas 77571 Re: Re-zoning of Reserve "K", Brookglen, Section 3. To whom it may concern; I have been retained by the current owners of the above ref- erenced property to consider the highest and best use of the site. The tract contains a total of approximately 2.5503 acres with approximately 550 feet of frontage on Fairmont Parkway, 185 feet on Somerton Drive, and 185 feet on Brookwood Drive (re- fer to Exhibit "A"). It has an average depth of approximately 195 feet. A 50 feet wide pipeline easement traverses the eastern most portion of the site and contains approximately 10,400 square feet of land area. The entire tract is vacant • at this time. Utility of the site is greatly affected by the pipeline ease- ment. No permanent structures may be constructed within this area. Therefore, it is most likely that the property will be developed in at least two sections. Current zoning of the property calls for single family resi- dential development. In the opinion of this appraiser, this type of development is unlikely. Considering overall size and shape, and frontage to depth ratio of the property, all of the homes would most likely face Fairmont Parkway, which is a major thoroughfare. Homes with this location would be diffi- cult, if not impossible to market. The eastern most .6713 acre (refer to Exhibit "B") of the site is currently under contract to Mr. Charles G. Ballard. The contract is contingent upon re-zoning the property from residential to commercial. Mr. Ballard proposes to build a convenience store facility on the site. It is the opinion of this appraiser that the proposed improvement will well serve the surrounding neighborhood and will be consistent with the estimated highest and best use of the site. • ~37O(i Ccnlrr SlfCil • (hrr Park, I'r~:n i7~ib • 1'hunc: 171 i).~7y_?tii~)