STRATEGIC PRIORITY: Mobility Solutions, Infrastructure, and Sustainability
AGENDA DATE: December 8, 2021
COUNCIL DISTRICT(S): 8
DEPARTMENT: Department of Public Works
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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An ordinance abandoning portions of a utility and drainage easement and storm sewer easement to BCIF I20 Logistics Park LLC, the abutting owner, containing a total of approximately 9,528 square feet of land, located near the intersection of Honeysuckle Lane and Lyndon B. Johnson Freeway (Interstate Highway 20) - Revenue: General Fund $5,400.00, plus the $20.00 ordinance publication fee
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BACKGROUND
This item authorizes the abandonment portions of a utility and drainage easement and storm sewer easement to BCIF I20 Logistics Park LLC, the abutting owner, containing a total of approximately 9,528 square feet of land. The area will be included with the property of the abutting owner for industrial 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 $5,400.00, plus the $20.00 ordinance publication fee
OWNER
BCIF I20 Logistics Park LLC
Ares Industrial Real Estate Fund OP LP, Sole Member
Ares Industrial Real Estate Fund GP LLC, General Partner
Mason McClatchy, Director
MAP
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