ORDINANCE finding and determining that public convenience and necessity no longer require the continued use of Glen Park Avenue, from the southwest property line of Lot 4, Block 14, northeast to Marigold Street and Little White Oak Bayou; vacating and abandoning the street to White Oak W2 Investments LLC, abutting owner, in consideration of the payment of $49,968.00 to the City and other consideration, Parcel SY16-002 - DISTRICT H - CISNEROS

SUBJECT:  Ordinance authorizing the abandonment and sale of Glen Park Avenue, from the southwest property line of Lot 4, Block 14, northeast to Marigold Street and Little White Oak Bayou, within the Glen Park Subdivision, out of the John Austin Two League Grant, A-1.  Parcel SY16-002

RECOMMENDATION: (Summary) It is recommended City Council approve an ordinance authorizing the abandonment and sale of Glen Park Avenue, from the southwest property line of Lot 4, Block 14, northeast to Marigold Street and Little White Oak Bayou, within the Glen Park Subdivision, out of the John Austin Two League Grant, A-1, in exchange for a consideration of $49,968.00.  Parcel SY16-002

SPECIFIC EXPLANATION:  White Oak W2 Investments LLC, (William Thomas, Manager), requested the abandonment and sale of Glen Park Avenue, from the southwest property line of Lot 4, Block 14, northeast to Marigold Street and Little White Oak Bayou, within the Glen Park Subdivision, out of the John Austin Two League Grant, A-1.  White Oak W2 Investments, the abutting property owner, plans to construct a dining and entertainment development.

White Oak W2 Investments LLC has complied with the transaction requirements, has accepted the City’s offer, and has rendered payment in full.

Parcel SY16-002

5,205 square-foot street easement:                                         $49,968.00

Valued at $9.60 per square foot

TOTAL ABANDONMENT AND SALE                                   $49,968.00

Therefore, it is recommended City Council approve an Ordinance authorizing the abandonment and sale of Glen Park Avenue, from the southwest property line of Lot 4, Block 14, northeast to Marigold Street and Little White Oak Bayou, within the Glen Park Subdivision, out of the John Austin Two League Grant, A-1.

Nancy P. Collins

Senior Assistant Director-Real Estate

(832) 395-3130

Dale A. Rudick, P.E., Director     

Department of Public Works and Engineering