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North J St. established a value of $2.50 per square foot. The applicant has submitted <br />payment in the amount of $125,200 (50,080 sq. ft. x $2.50) to the City for the final <br />purchase of the right-of-way. These funds are being held in escrow subject to final <br />consideration and action by City Council. <br />Staff recommends City Council approve street and alley closure request #21- <br />25000001, vacating, abandoning and closing a portion of the North 1st Street right-of- <br />way and a portion of the North J Street right-of-way situated between North 2nd Street <br />right-of-way and an abandoned section of North J Street right-of-way. <br />ACTION REQUIRED BY CITY COUNCIL <br />Approve or deny Ordinances 2021-3821 for street and alley closure request #21- <br />25000001, vacating, abandoning and closing a portion of the North 1st Street <br />right-of-way situated between North J Street and Reserve A, Block 1 of La Porte <br />Landfill and a portion of the North J Street right-of-way situated between North <br />2►,d Street right-of-way and an abandoned section of North J Street right-of-way, <br />and authorizing the execution and delivery of a deed to the adjoining landowner. <br />Approved for the City Council meeting agenda <br />Corby D. Alexander, City Manager Date <br />