SUBJECT: PROPERTY: PURCHASE of Parcels DY15-120, DY15-121, DY15-122, VY15-007 and VY15-008 located along Tanglewood Boulevard between Sugar Hill Drive and Cranbrook Road for the NEIGHBORHOOD STREET RECONSTRUCTION (NSR) PROJECT 454.
WBS N-000386-0001-2-01 and R-000500-0223-2-01
Owners: ELPH Enterprises, Ltd., a Texas limited partnership and formerly known as ELPH Enterprises, LLC, a Texas limited liability company [ELPH One LLC, a Texas limited liability company, its General Partner]
RECOMMENDATION: (Summary)
Authority be given through Council Motion to PURCHASE Parcels DY15-120, DY15-121, DY15-122, VY15-007 and VY15-008.
SPECIFIC EXPLANATION:
This project is a part of the City’s ongoing Neighborhood Street Reconstruction Project (NSR) 454 to replace existing residential streets that have deteriorated beyond economical repair and normal maintenance, as well as improve drainage throughout the area. Portions of the sanitary sewer and storm sewer infrastructure are simultaneously being upgraded in the project area. Therefore, this Neighborhood Street Reconstruction Project (NSR) 454 project has an associated subproject which requires the acquisition of three sanitary sewer easements and two public utility easements.
The City will acquire five easement parcels out of private property, totaling 10,861 square feet. The City’s offer was based on appraisals by Patricia Clifton Keys, C.R.A. and Nikki V. Collins, MLERE. The valuation was reviewed and recommended for approval by a senior staff appraiser of this department. The breakdown for each parcel is as follows:
LAND (Easement):
| Parcel DY15-120: |
778 square feet @ $69.03 PSF x 50%.......... |
$ 26,853.00 |
| Parcel DY15-121: |
3,057 square feet @ $69.03 PSF x 50%....... |
$105,512.00 |
| Parcel DY15-122: |
902 square feet @ $69.03 PSF x 50%.......... |
$ 31,133.00 |
| Parcel VY15-007: |
3,123 square feet @ $69.03 PSF x 50%....... |
$107,790.00 |
| Parcel VY15-008: |
3,001 square feet @ $69.03 PSF x 50%....... |
$103,580.00 |
| Total Consideration |
|
$374,868.00 |
| Title Policy and services |
|
$ 3,300.00 |
| TOTAL AMOUNT |
|
$378,168.00 |
It is recommended that authority be given through Council Motion to PURCHASE Parcels DY15-120, DY15-121, DY15-122, VY15-007 and VY15-008, located along Tanglewood Boulevard between Sugar Hill Drive and Cranbrook Road, owned by ELPH Enterprises, Ltd., a Texas limited partnership formerly known as ELPH Enterprises, LLC, a Texas limited liability company [ELPH One LLC, a Texas limited liability company, its General Partner].
The five parcels contain a total of 10,861 square feet of land for sanitary sewer and utility easements situated in the Charles Sage Survey, Abstract No. 697, Harris County, Texas, and being out of and a part of a 50-foot pipeline called approximately 23.285 acre tract described in Special Warranty Deed conveyed from Genesis Pipeline Texas, L.P. to ELPH Enterprises LLC, dated October 01, 2003 and recorded under Harris County Clerk’s file (H.C.C.F.) No. X071565, Film Code No. 576-11-2165 of the Official Public Records of Real Property (O.P.R.O.R.P.), Harris County, Texas, according to City of Houston approved field notes.