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REQUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br /> <br /> <br /> <br /> <br />Appropriations <br />Agenda Date Requested: September 24, 2018 <br /> <br /> <br /> <br /> <br />Source of Funds: N/A <br /> <br />Requested By: Ian Clowes, City Planner <br /> <br /> <br /> <br /> <br />Account Number: N/A <br />Department: Planning and Development <br /> <br /> <br /> <br /> <br />Amount Budgeted: N/A <br />Report: __ __Resolution: _____Ordinance: _X___ <br /> <br /> <br /> <br />Amount Requested: N/A <br />Exhibits: Ordinance <br /> <br /> Deed <br />Budgeted Item: N/A <br /> Appraisal Summary <br /> <br /> Area Map <br />______________________________________________________________________________ <br /> <br />SUMMARY & RECOMMENDATION <br />The City has received and processed an application from Mr. Hachim Farhat to vacate, abandon and close a portion <br />th <br />of the W. Madison St. ROW, adjacent to the property located on N. 16 St. and N. E St., legally described <br />as Lots 1-32, Block 644, Tracts B, C & D (Abandoned ROW) and Lots 1-32, Block 643 Tract A (Abandoned ROW). <br />Total area of the requested closure equals 23,680 square feet. The applicant is seeking to purchase the ROW in <br />order to expand his current auto salvage business in the Light Industrial (LI) zoning district. <br />application has determined no City or franchised utilities exist within the closing area. Letters of no objection to <br />the proposed ROW closure have been received by all three franchised utility companies (Comcast, AT&T, and <br />Centerpoint). <br />In accordance with Sections 62-subject alley has been <br />obtained by the City in order to establish fair market value. The appraisal report has established a value of $2.00 <br />per square foot for the subject right-of-way. Closing fees in the amount of $47,360 (23,680 sq. ft. x $2.00) have <br />been paid by the applicant and placed in escrow pending final consideration and action by Council. <br />Action Required by Council: <br />Consider approval of an ordinance or other action vacating, abandoning, and closing a portion of the W. Madison St. <br />ROW, adjacent to Lots 1-32, Block 644, Tracts B, C & D (Abandoned ROW) and Lots 1-32, Block 643 Tract A <br />(Abandoned ROW), Town of La Porte, and authorize the City Manager to execute a deed to the applicant for the <br />subject ROW. <br />Approved for City Council Agenda <br />_______________________________ _______________________ <br />Corby D. Alexander, City Manager Date <br /> <br />