1992-09-28 Regular Meeting - Laserfiche WebLink

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• • REQIIEST FOR CITY COONCIL AGENDA ITEM Agenda Date Requested: 9-28-92 Requested By: Charles R. Harrington~~epartment: Planning Report Exhibits: 1. Application for Abandonment Resolution X Ordinance 3. Fair Market Appraisal 2. Map 4. Ordinance SUNIIKARY & RECOMMENDATION Summary In July, 1992, the City received an application from Centrifuge Consultants, Inc. (CCI) requesting closure and abandonment of that portion of N. 15th Street between W. Tyler Street and W. Adams Street. CCI is in the process of expanding their business to the property immediately across N. 15th Street from their existing facility. In order to accomplish that expansion, they require the right-of-way to connect the other parcels they either own or are in the process of acquiring. The request has been reviewed by the proper City Departments and by all public utilities with favorable comments by each. As a result of the review process for street and alley closings, the Finance Director of the City has obtained a fair market value for the property of $19,162.08 based on our formula of the HCAD value multiplied by the factor of 1.75. The applicant has been made aware of the value and has consented to the appraised value. Recommendation The staff recommends approval of the request to close, vacate, and abandon N. 15th Street between W. Tyler Street and W. Adams Street and that the property be transferred to Centrifuge Consultants, Inc. for the amount of $19,162.08. Action Required by Council: Approve an ordinance vacating, abandoning, and closing that portion of N. 15th Street between W. Tyler Street and W. Adams Street. ----------------------------------------------------------------- ----------------------------------------------------------------- Availability of Funds: General Fund Water/Wastewater Capital Improvements General Revenue Other Sharing Account No.: N/A Funds Available: Yes No Approved for City Council Agenda Robert T. Herrera City Manager Date