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			2.8.
Special City Council Meeting
Meeting Date: 09/07/2021
Agenda Item
Ordinance 1st Reading - Right-of-Way: Consider an ordinance abandoning and closing portions of 7th, 8th, 9th, and 10th Streets, and portions of Avenue B, and portions of the alleys located in Blocks 63, 79, and 95, Original Town of Lubbock to the City of Lubbock, Lubbock County, Texas.
Item Summary
The City of Lubbock is in receipt of a request to abandon and close portions of 7th, 8th, 9th, and 10th Streets and alleys, and portions of Avenue B, and portions of the alleys located in Blocks 63, 79, and 95, Original Town of Lubbock, to the City of Lubbock, Lubbock County, Texas.   The total area being closed is 197,893.08 square feet (4.543 acres). The Right-of-Way Department valued the closure at $0.30 per square foot based on adjacent property land values, for a value of $59,367.92 due to the City. Utility easements will be dedicated back to the City at no cost; therefore, there will be a 50% credit for a total due to the City of $29,683.96.   All City departments and franchise utility companies are in agreement with the closure.
Fiscal Impact
Revenue of $29,683.96 to the General Fund
Staff/Board Recommending
Jesica McEachern, Assistant City Manager
Attachments Ordinance (r) Abandon and Close Portions of 7th 8th 9th 10th Exhibit A - Closures, Portions of Streets and Alleys, Original Town

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