Thanks to Tom Bazan for noting what's on this week's City Council agenda (#16):
16. ORDINANCE appropriating a total of $15,542,042.00 from the reimbursement of Equipment/Projects Fund (Fund 1850), approving and authorizing the purchase of land known as Blocks 203, 204, 205, 218 and 219, SSBB, Harris County, Texas, from the following parties, as their respective interests appear: (1) Louis Macey, Trustee, on behalf of a trust created pursuant to an agreement dated November 17, 1997, (2) Louis Macey, Trustee, on behalf of undisclosed parties; (3) Macey Family Properties, Ltd., a Texas Limited Partnership; and (4) Macey Family Properties II, Ltd., a Texas Limited Partnership; approving necessary documents related thereto; finding and determining that public convenience and necessity no longer require the continued use of a portion of public street right-of-way consisting of Jackson Street between Rusk Avenue and Capitol Avenue, vacating and abandoning said public street right-of-way to the abutting owner Macey Family Properties II, Ltd., a Texas Limited Partnership and to LAM Block 100, Ltd., a Texas Limited Partnership, as their respective interests appear, for the appraised fair market value; approving the conveyance of the City’s interest in the real property underlying such street to the abutting owners Macey Family Properties II, Ltd., a Texas Limited Partnership and to LAM Block 100, Ltd., a Texas Limited Partnership, as their respective interests appear, for the appraised fair market value while reserving and retaining easement rights for the public utilities currently in place until the abutting owners grant acceptable permanent utilities easements to the City and move the utilities to such easements at their expense - DISTRICT I - RODRIGUEZ
It appears item #17 may be related:
17. ORDINANCE approving and authorizing the conveyance of land known as Block 193, SSBB, Harris County, Texas and the improvements thereon in exchange for (1) $250,000.00, (2) the acquisition of land known as Block 220, SSBB, Harris County, Texas, and the improvements thereon, from 800 Dowling, LP, a Texas Limited Partnership; and the entering into of a lease-back agreement by the City as “Tenant” and 800 Dowling, LP as “Landlord” of Block 193, SSBB, and the improvements thereon; approving necessary documents related thereto - DISTRICT I ‑ RODRIGUEZ
And perhaps item #46, too:
46. SET A PUBLIC HEARING DATE relative to proposed amendment of the Project Plan and Reinvestment Zone Financing Plan for Reinvestment Zone Number 15, City of Houston, Texas (East Downtown Zone) - DISTRICT I - RODRIGUEZ
SUGGESTED HEARING DATE - WEDNESDAY - FEBRUARY 27, 2008 - 9:00 A.M.
That's about $16 million, not including tax breaks and upcoming infrastructure improvements the Dynamo will require. Oh, and a street right-of-way that is no longer needed for "public convenience."
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