SUBJECT: Abandonment and sale of: 1) a 20 foot-wide water line easement and 2) a 40 foot-wide drainage easement, in exchange for conveyance to the City of: 1) a variable-width storm sewer easement, all located in Restricted Reserve A, Block 1, Barbara Jordan High School Subdivision, out of the J.S. Collins Survey, A-195. Parcels SY16-080A, SY16-080B, and LY16-018
RECOMMENDATION: It is recommended City Council approve an ordinance authorizing the abandonment and sale of: 1) a 20 foot-wide water line easement and 2) a 40 foot-wide drainage easement, in exchange for a consideration of $40,012.00 plus conveyance to the City of: 1) a variable-width storm sewer easement, all located in Restricted Reserve A, Block 1, Barbara Jordan High School Subdivision, out of the J.S. Collins Survey, A-195. Parcels SY16-080A, SY16-080B, and LY16-018
SPECIFIC EXPLANATION: Houston Independent School District (HISD) (Gary Hansel, Real Estate Manager) requested the abandonment and sale of: 1) a 20 foot-wide water line easement and 2) a 40 foot-wide drainage easement, in exchange for conveyance to the City of: 1) a variable-width storm sewer easement, all located in Restricted Reserve A, Block 1, Barbara Jordan High School Subdivision, out of the J.S. Collins Survey, A-195. HISD plans to rebuild Barbara Jordan High School.
HISD has completed the transaction requirements, has accepted the City's offer, and has rendered payment in full.
The City will abandon and sell to HISD:
Parcel SY16-080A
17,510 square feet of water line easement $17,510.00
Valued at $2.00 per square foot x 50%
Parcel SY16-080B
24,065 square feet of underground drainage easement $24,065.00
Valued at $2.00 per square foot x 50%
10,170 square feet of open-cut drainage easement $20,137.00 (R)
Valued at $2.00 per square foot x 99%
TOTAL ABANDONMENTS AND SALE $61,712.00
In exchange, HISD will pay:
Cash $40,012.00
Plus convey to the City
Parcel LY16-018
21,700 square feet of storm sewer easement $21,700.00
Valued at $2.00 per square foot x 50%
TOTAL CASH AND CONVEYANCE $61,712.00
Therefore, it is recommended City Council approve an ordinance authorizing the abandonment and sale of: 1) a 20 foot-wide water line easement and 2) a 40 foot-wide drainage easement, in exchange for a consideration of $40,012.00 plus conveyance to the City of: 1) a variable-width storm sewer easement, all located in Restricted Reserve A, Block 1, Barbara Jordan High School Subdivision, out of the J.S. Collins Survey, A-195.