1992-03-23 Regular Meeting - Laserfiche WebLink

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e e And finally, the current ordinance requires that a plot plan, drawn by a licensed Texas public surveyor, be included with the application. For many of the properties requested to be closed, there exist a recorded plat that contains all the information that the plot would provide. It would be beneficial to allow someone from the city, preferably the City Engineer, to waive the requirement of the plot plan if sufficient information is contained on the recorded plat. Recommendation The City should change the method of obtain values of public rights-of-ways that are sold to an adjoining property owner. Ordinance 1550 should be changed to reflect that the City of La Porte will utilize the published tax value on the most recent tax roll to determine the square foot value and apply a factor or markup of 175% to this value to obtain the sales price. The change to the ordinance that would accomplish this would occur in the paragraph that begins "Upon agreement" and would be to delete the words "Prime Rate" and to change the factor to 1.75. In addition, the ordinance should be amended to state that, unless otherwise directed by City Council, all proceeds from the sale of these types of properties should be deposited into the General Capital Improvement Fund for future reinvestment in the City. This would help prevent the dilution of City assets while still providing Council the means of diverting these funds as they see fit. Finally, the ordinance should be amended to provide the City Engineer, or his designee, the latitude to waive the requirement for the plot plan when the recorded plat contain the information that would be gathered by the plot plan.