ORDINANCE finding and determining that public convenience and necessity no longer require the continued use of a 10-foot-wide water line easement, a 10-foot by 10-foot fire hydrant easement, and three 10-foot by 10-foot water meter easements, all being out of Unrestricted Reserve "A" Block 1, Energy Gateway Addition, George Bellows Survey, A-3, Houston, Texas; abandoning the easements to LIPEX PROPERTIES, L.P., the abutting owner, in consideration of its payment to the City of $235,193.00, and other consideration - DISTRCT A - STARDIG

SUBJECT: Ordinance authorizing the abandonment and sale of: 1) a 10-foot-wide prescriptive water line easement; 2) a 10 foot by 10 foot prescriptive fire hydrant easement; and 3) three 10 foot by 10 foot prescriptive water meter easements, all being out of Unrestricted Reserve “A”, Block 1, of the Energy Gateway Addition, out of the George Bellows Survey, A-3. Parcels SY16-007A through SY16-007E

RECOMMENDATION:  (Summary) It is recommended City Council approve an ordinance authorizing the abandonment and sale of: 1) a 10-foot-wide prescriptive water line easement; 2) a 10 foot by 10 foot prescriptive fire hydrant easement; and 3) three 10 foot by 10 foot prescriptive water meter easements, all being out of Unrestricted Reserve “A”, Block 1, of the Energy Gateway Addition, out of the George Bellows Survey, A-3, in exchange for a consideration of $235,193.00. Parcels SY16-007A through SY16-007E

SPECIFIC EXPLANATION:

Lipex Properties, L.P., (MetroNational Corporation [Jason Johnson, President], General Partner), the fee property owner, requested the abandonment and sale of: 1) a 10-foot-wide prescriptive water line easement; 2) a 10 foot by 10 foot prescriptive fire hydrant easement; and 3) three 10 foot by 10 foot prescriptive water meter easements, all being out of Unrestricted Reserve “A”, Block 1, of the Energy Gateway Addition, out of the George Bellows Survey, A-3. The applicant constructed an office building and parking garage on the site. The property was being developed at the time of the appraisal.

Lipex Properties, L.P. has complied with the transaction requirements, has accepted the City's offer, and has rendered payment in full.

The City will abandon and sell to, Lipex Properties, L.P.:

Therefore, it is recommended City Council approve an Ordinance authorizing the abandonment and sale of: 1) a 10-foot-wide prescriptive water line easement; 2) a 10 foot by 10 foot prescriptive fire hydrant easement; and 3) three 10 foot by 10 foot prescriptive water meter easements, all being out of Unrestricted Reserve “A”, Block 1, of the Energy Gateway Addition, out of the George Bellows Survey, A-3, in exchange for a consideration of $235,193.00.

Darrin Ward

Acting Senior Assistant Director-Real Estate Services

(832) 395-3154

___________________________

Carol Ellinger Haddock, P.E.

Acting Director

Department of Public Works and Engineering