1997-07-14 Public Hearing and Regular Hearing of City Council

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4EST FOR CITY C'OUNCll AGENDA~ Agenda Date Requested: Julv 14. 1997 Requested By: Guv Rankin C1L Department: Plannina Report Resolution x Ordinance Exhibits: 1. 2. 3. Ordinance Area Map Application SUMMARY & RECOMMENDATION The City has been petitioned by Mr. Doug Latimer to close, vacate, and abandon the alleys of Blocks 679 & 680 as well as the adjacent North 17th Street Right-of-Way between Blocks 679 & 680, Town of La Porte, to facilitate future expansion of his business. The Planning and Public Works Departments have reviewed this request and have determined that the City has no immediate or future plans to utilize the rights-of-way in question. Staff has solicited comments and received letters of no objection from each of its franchised utility companies. In accordance with Chapter 21, Section 21-28 of the Code of Ordinances, the fair market value of the rights-of-way in question have been determined to be $0.546875 per square foot. This process utilizes the average HCAD appraised value of adjacent, comparible properties ($0.3125 per square foot) and multiplies by a factor of 1.75. The rights-of-way to be closed contain 36,800 square feet, resulting in a total payment of $20,125.00 of which the City has subsequently received from the applicant. Recommendation Staff recommends vacating, closing, and abandoning the alleys of Blocks 679 & 680, Town of La Porte as well as the North 17th St. Right-of-Way for future expansion of applicant's business. A~tion Required by Council: Consider approval of an ordinance to close, vacate, and abandon the alleys of Blocks 679 & 680, Town of La Porte as well as the right-of-way of North 17th Street between Blocks 679 & 680. Availability of Funds: N/A General Fund Capital Improvement Other Account Number: Water/VVastewater General Revenue Sharing Funds Available: _YES _NO ADD roved for City Council Aaenda ~T.~ (l~)q.., Robert T. Herrera City Manager DATE