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REQ&T FOR CITY COUNCIL AGENDAEM <br />Agenda Date Requested: January 8, 1996 <br />Requested By: Guy Rankin Department: Planning <br />Report Resolution X Ordinance <br />Exhibits: <br />1. Ordinance <br />2. Area Map <br />3. Memo from Guy Rankin dated 8/21 /95 <br />4. Letter from Arthur Lindsay <br />SUMMARY & RECOMMENDATION - <br />The City has been petitioned by Richard A. Percoco, Thelma Percoco, Brian Tulloch <br />and Elizabeth Watkins Rogg to close, vacate, and abandon a dead end portion of Pine <br />Bluff Drive at Galveston Bay in the Pine Bluff Subdivision (see attached map). Staff <br />has received no objection to the closure from franchised utility companies, nor does <br />the City have any immediate or future plans to utilize the right-of-way. The proposed <br />closure would save and except a ten foot wide easement, being five feet on either <br />side of an existing two inch diameter Entex gas line. <br />The Code of Ordinances, Section 21-28, provides a closing fee of not less than 75% <br />of the appraised value. The appraised value of the property is $56,000. Staff <br />recommends Council approve the closing at 75% of market value or $42,000. The <br />applicants are agreeable to this value. <br />The applicant shall, prior to Council meeting, deposit $42,000 and execute a hold <br />harmless agreement with the City. <br />Staff recommends approval of the closure as requested. <br />Action Required by Council: <br />Consider approval of an ordinance closing a portion of Pine Bluff Drive, save and <br />except a ten foot wide easement for an existing 2" diameter Entex gas line. Approval <br />should be contingent upon applicants depositing the sum of $42,000 with the City. <br />Availability of Funds: N/A <br />General Fund Water/Wastewater <br />Capital Improvement General Revenue Sharing <br />Other <br />Account Number: Funds Available: YES NO <br />