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REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> Appropriation <br />Agenda Date Requested: May 9, 2016 <br />Source of Funds: _______N/A__________ <br />Requested By: _Brian Sterling______ <br />Account Number: _______N/A_________ <br />Department: __Planning____________ <br />Amount Budgeted: ______N/A_________ <br />Report: _ __Resolution: ____Ordinance: _X_ <br />Amount Requested: _____N/A ________ <br />Exhibits: <br />Budgeted Item: YES X NO <br />1.Ordinance <br />2.Deed <br />3.AppraisalSummary <br />4.CenterpointEnergyResponse <br />5.AT&TResponse <br />6.ComcastResponse <br />7.AreaMap <br />SUMMARY: <br />TheCityhasprocessedanapplicationfromMr.MikeHenleytovacate,abandonandclosea7,500 <br />squarefootportionoftheEastͻ!ͼStreetRightofWaysituatedbetweenthesouthlineofLot14, <br />Block85,BayfrontAdditiontoLaPorte,thenorthlineofLot40,Block40,BayfrontAdditiontoLa <br />PorteandthewestlineoftheDonaldsonAvenueRightofWay. <br />{ƷğŅŅ͸ƭreviewoftheapplicationhasdeterminednoCityutilitiesarelocatedwithintheclosing <br />area.The/źƷǤ͸ƭfranchisedutilitycompanies(CenterpointEnergy,ComcastandAT&T)haveeach <br />equest. <br />providedlettersofͻƓƚƚĬƆĻĭƷźƚƓͼtotheclosingr <br />InaccordancewithSections6232ofthe/źƷǤ͸ƭCodeofOrdinances,anappraisaloftheEastͻ!ͼ <br />StreetRightofWayhasbeenobtainedbytheCityinordertoestablishfairmarketvalue.The <br />esubjectrightofway. <br />appraisalreporthasestablishedavalueof$1.35persquarefootforth <br />Closingfeesintheamountof$7,593.75havebeenpaidbytheapplicantandplacedinescrow <br />pendingfinalconsiderationandactionbyCouncilbaseduponthe75%offairmarketvalue <br />establishedbycurrentordinancerequirements. <br />_____________________________________________________________________________ <br />ACTIONREQUIREDOFCOUNCIL: <br />Considerapprovalofanordinanceorotheractionvacating,abandoning,andclosingaportionof <br />theEastͻ!ͼStreetRightofWay,andauthorizetheCityManagertoexecuteadeedtothe <br />applicantfortheEastͻ!ͼStreetRightofWay. <br />ApprovedforCityCouncilAgenda <br />____________________________________________________________ <br />CorbyD.Alexander,CityManagerDate <br /> <br />