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REQUEST FOR CITY COUNCIL AGENDA ITEM Appropriation February 14, 2022 Agenda Date Requested: Requested By:Source of Funds:N/A Corby Alexander, City Manager Department: Account Number:N/A Amount Budgeted:N/A ReportResolutionOrdinance Amount Requested:N/A Exhibits: Ordinance2022-3867, Deed, Area Budgeted Item:YesNo Map, Appraisal Summary(from adjacent tract) S UMMARY& RECOMMENDATION The City of La Porte Planning & Development Department received an application from La Porte Real Property, LLCto vacate, abandon and close the HStreet right-of-way th situated between North BroadwayStreet and 8Street. The abandonment process requires that all adjacent property owners either participate in the closure or sign away rights to their portion of the proposed closure. There are three (3) other adjacent property owners that will be affected by this proposed closure. Dorothy Hearon has elected not to participate in the closure and has authorized conveyance of herportion of the right-of-way to the applicant.Crenshaw Real Properties and Frontier Port Properties, the other adjacent owners, have elected to participate and will receive separate deeds for their portions of the closure. The total area of the requested closure is 4.863 acre (211,815.06square feet). The area to be closed and abandonedwill be incorporated into the existing developmentsto the east and north. Staff have determined that there are no franchised utilities existing within the right-of- way. Comcast, AT&T, and CenterPoint, the three (3) franchise utility companies, have all provided letters of no objection to the proposed right-of-wayclosure.There is an existing eight (8) inch fire suppression water main in a portion of the right-of-way to be closed. As partof the closure agreement,the City will abandon this portion of the watermain, transferring ownership of the water main and existing fire hydrants to the applicant. In accordance with Sections 62-35 (b)utilized anappraisal conducted in 2019 for an adjacent right-of-way closure in order to establish fair market value. The appraisal report established a value of $2.50per square foot. The applicant has submittedclosing fees in the amount of $529,537.65(211.815.06sq. ft. x $2.50) to the City. These funds are being held in escrow subject to final consideration and action by City Council.