STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: September 27, 2023
COUNCIL DISTRICT(S): 14
DEPARTMENT: Department of Public Works
EXECUTIVE: Dr. Robert Perez
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SUBJECT
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An ordinance abandoning a portion of Tracy Street, formerly known as Taylor Street, to McKinney Webb Holdings, LLC, the abutting owner, containing approximately 2,593 square feet of land, located near its intersection with Webb Avenue; and authorizing the quitclaim - Revenue: General Capital Reserve Fund ($608,154.00) and General Fund ($20,000.00), plus the $20.00 ordinance publication fee
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BACKGROUND
This item authorizes the abandonment of a portion of Tracy Street, formerly known as Taylor Street, to McKinney Webb Holdings, LLC, the abutting owner, containing approximately 2,593 square feet of land. The area will be included with the property of the abutting owner to construct a multi-family development. The abandonment fee is based on an independent appraisal.
Notices were sent to 30 property owners located within 300 feet of the proposed abandonment area. There were no responses received in opposition to this request.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Revenue: General Capital Reserve Fund ($608,154.00) and General Fund ($20,000.00), plus the $20.00 ordinance publication fee
OWNER
McKinney Webb Holdings, LLC
5025 NCX, LLC, Governing Person
Woods Capital SLP, LP, General Partner
Woods Capital GP LLC, General Partner
Jonas Woods, Manager
MAP
Attached