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REQ~T FOR CITY COUNCIL AGEND~EM <br />Agenda Date Requested: March 18, 1996 <br />Requested By: Guy Rankin ~ Department: Planning <br /> <br />Report Resolution X Ordinance <br />Exhibits: <br />1. Ordinance <br />2. Area Map <br />SUMMARY & RECOMMENDATION <br />The City has been petitioned by B.P.M. Partners, Ltd., to close, vacate, and abandon <br />the remaining portion of the sixteen foot (16') wide alley located in Block 1096, Town <br />of La Porte (see attached map). <br />Staff has received no objection to the closure from franchised utility companies. The <br />Planning and Public Works Departments reviewed the request and have determined <br />that the City does not have any immediate or future plans to utilize the alley. <br />Staff has calculated the fair market value of the alley (7,845.68 sq. ft.) to be closed <br />per terms set forth in the Code of Ordinances. The applicant has agreed to the value <br />determined of 51.25/sq. ft. for a total closing fee of 56,039.85. <br />In addition, staff has also received a hold harmless letter from the applicant and the <br />closing fee shall be delivered prior to the 3/18/96 Council Meeting. <br />Staff recommends approval of the closure as requested. <br />Action Required by Council: <br />Consider approval of an ordinance closing the remaining portion of the alley in Block <br />1096, Town of La Porte. <br />Availability of Funds: N/A <br />General Fund <br />Capital Improvement <br />Other <br />Account Number: <br />_ Water/Wastewater <br />_ General Revenue Sharing <br />Funds Available: YES NO <br />Approved for City Council Agenda <br />'Robert T. Herrera DATE <br />City Manager <br />