SUBJECT: Ordinance authorizing the abandonment and sale of a variable width utility easement, from Lawrence Street to Nicholson Street, in exchange for conveyance to the City of a 15-foot wide sanitary sewer easement, all located within Block 92, of the Houston Heights Addition, out of the John Austin Survey, A-1. Parcel SY18-027 and DY18-025
RECOMMENDATION: It is recommended City Council approve an ordinance authorizing the abandonment and sale of a variable width utility easement, from Lawrence Street to Nicholson Street, in exchange for conveyance to the City of a 15 foot-wide sanitary sewer easement, all located within Block 92 of the Houston Heights Addition, out of the John Austin Survey, A-1.
SPECIFIC EXPLANATION:
19th Street Property, LLC, the underlying fee property owner, requested the abandonment and sale of a variable width utility easement, from Lawrence Street to Nicholson Street, located within Block 92 of the Houston Heights Addition, out of the John Austin Survey, A-1. The applicant plans to incorporate the subject utility easement into the property to develop a 160-unit senior living facility and 255 multi-family units. The Joint Referral Committee reviewed and approved the request subject to the conveyance to the City of a 15-foot wide sanitary sewer easement. 19th Street Property, LLC has complied with the transaction requirements and has accepted the City's offer.
The City will abandon and sell to 19th Street Property, LLC:
Parcel SY18-027 |
|
|
|
|
11,071 square-foot utility easement |
|
$415,163.00 |
(R) |
|
Valued at $75.00 per square foot x 50% |
|
|
|
|
|
|
|
|
|
TOTAL ABANDONMENT AND SALE: |
|
$415,163.00 |
(R) |
|
|
|
|
|
|
In exchange, 19th Street Property, LLC will convey to the City:
Parcel DY18-025 |
|
|
|
|
11,135 square-foot sanitary sewer easement: |
|
$417,563.00 |
(R) |
|
Valued at $75.00 per square foot x 50% |
|
|
|
|
|
|
|
|
|
TOTAL CONVEYANCE: |
|
$417,563.00 |
(R) |
|
Inasmuch as the value of the sanitary sewer easement being conveyed to the City is greater than the value of the utility easement being abandoned and sold, it is recommended City Council approve an ordinance authorizing the abandonment and sale of a variable width utility easement, from Lawrence Street to Nicholson Street, in exchange for conveyance to the City of a 15-foot wide sanitary sewer easement, all located within Block 92, of the Houston Heights Addition, out of the John Austin Survey, A-1.
Carol Ellinger Haddock, P.E.
Director
Houston Public Works