PILLAR: Livable
AGENDA DATE: May 13, 2026
COUNCIL DISTRICT(S): 13
DEPARTMENT: Department of Facilities and Real Estate Management
PRIORITY: N/A
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SUBJECT
Title
An ordinance abandoning three water easements and the remainder of a water vault easement to LBJ Financial Owner LLC, the abutting owner, containing a total of approximately 1,124 square feet of land, located near the intersection of Lyndon B Johnson Freeway and Montfort Drive - Revenue: General Fund $11,150.00, plus the $20.00 ordinance publication fee
Body
BACKGROUND
This item authorizes the abandonment of three water easements and the remainder of a water vault easement to LBJ Financial Owner LLC, the abutting owner, containing a total of approximately 1,124 square feet of land. The areas will be included with the property of the abutting owner to construct a multi-family development. The cost for this abandonment is the minimum processing fee pursuant to the Dallas City Code, therefore, no appraisal is required.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Revenue: General Fund $11,150.00, plus the $20.00 ordinance publication fee
OWNER/EXECUTIVES
LBJ Financial Owner LLC,
LBJ Financial JV LLC, Manager
Acram Strategic Partners I LLC - Series LBJ, Sole Member
Acram Group SPV 1, LLC, Managing Member
Christopher Deppoliti, Managing Director
MAP
Attached