SUBJECT: Abandonment and sale of Log Hollow Drive, from the B. & R. I. Railroad west ±286 feet, in exchange for conveyance to the City of a 20 foot-wide water line easement, both out of the Samuel Lewis Survey, A-510 and the James Doswell Survey, A-230. Parcels SY22-051 and KY22-083
RECOMMENDATION: It is recommended City Council approve an ordinance authorizing the abandonment and sale of Log Hollow Drive, from the B. & R. I. Railroad west ±286 feet, in exchange for conveyance to the City of a cash consideration of $44,043.00 and a 20 foot-wide water line easement, both out of the Samuel Lewis Survey, A-510 and the James Doswell Survey, A-230. Parcels SY22-051 and KY22-083
SPECIFIC EXPLANATION: Gerald Grisson of BGE, Inc., 23501 Cinco Ranch Boulevard, Suite A-250, Katy, Texas, 77494, on behalf of Breen Road Holding II, LLC, (John Warren, Vice President of Development) requested the abandonment and sale of Log Hollow Drive, from the B. & R. I. Railroad west ±286 feet, in exchange for conveyance to the City of a 20 foot-wide water line easement, both out of the Samuel Lewis Survey, A-510 and the James Doswell Survey, A-230. The property owner plans to combine the subject street into its abutting property to provide access for development in the area. The Joint Referral Committee reviewed and approved this request.
Breen Road Holding II, LLC, has completed the transaction requirements, has accepted the City's offer, and has rendered payment in full.
The City will abandon and sell to Breen Road Holding II, LLC:
Parcel SY22-051
14,022 square feet of street easement $44,870.00 (R)
Valued at $3.20 per square foot x 100%
3,135 square feet of street easement with pipeline easement crossing $5,016.00
Valued at $3.20 per square foot x 50%
Plus value of assorted driveway, fencing, gate items $2,719.00
TOTAL ABANDONMENT AND SALE $52,605.00
In exchange, Breen Road Holding II, LLC, has paid:
Cash $44,043.00
Plus Breen Road Holding II, LLC, will convey to the City:
Parcel KY22-083
4,832 square feet of water line easement $7,731.00 (R)
Valued at $3.20 per square foot x 50%
1,039 square feet of water line easement with pipeline easement crossing $831.00 (R)
Valued at $3.20 per square foot x 25%
TOTAL CASH AND CONVEYANCE $52,605.00
Therefore, it is recommended City Council approve an ordinance authorizing the abandonment and sale of Log Hollow Drive, from the B. & R. I. Railroad west ±286 feet, in exchange for conveyance to the City of a cash consideration of $44,043.00 and a 20 foot-wide water line easement, both out of the Samuel Lewis Survey, A-510 and the James Doswell Survey, A-230.
Fiscal Note: Revenue for this item is included in the FY2023 Adopted Budget. Therefore, no Fiscal Note is required as stated in the Financial Policies.
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Carol Ellinger Haddock, P.E., Director
Houston Public Works