SUBJECT
title
Authorizing the City Manager to accept the conveyance of a .10 acres of a drainage and access easement for a 15-foot-wide drainage channel from, being a strip of land containing 0.10 acres, more or less, out of that certain tract comprising 1.23 measured acres, more or less, being comprised of a called 1.00 acre tract designated as Tract I, and a called 0.24 acre (called) designated as Tract II, conveyed to AGG Family Investments, recorded in Volume 5550, Pages 424-429, Webb County official public records. The property is situated in Porcion 23, L. Sanchez, Original Grantee, Abstract 283, according to the Official Public Records and map records of Webb County, Texas. The 15-foot-wide drainage and access easement will alleviate drainage concerns on Foggy Loop and Stream Lane and is more particularly described by metes and bounds in the attached Exhibit “A” and depicted on Exhibit “B,” both of which are attached hereto and made a part hereof. The easement has an estimated intangible value of $58,427.00.
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PREVIOUS COUNCIL ACTION
N/A
BACKGROUND
Cal Real Estate Holding, LLC, has agreed to convey said easement to the City of Laredo for a pilot channel to be constructed and installed to alleviate drainage concerns on Foggy Loop and Stream Lane.
COMMITTEE RECOMMENDATION
N/A
STAFF RECOMMENDATION
recommendation
Staff recommends approval
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Fiscal Impact
Fiscal Year: 2024-2025
Budgeted Y/N?: N
Source of Funds: N
Account #: Click or tap here to enter text.
Change Order: Exceeds 25% Y/N: Click or tap here to enter text.
FINANCIAL IMPACT:
No financial impact. Will be recorded in the Fixed Asset System.