DEPARTMENT: Office of EastPoint and Real Estate Services
DEPARTMENT HEAD: Mike Etienne
COUNCIL DISTRICTS IMPACTED: 5
SUBJECT:
Disposition: Sale of City owned property at Teresa Street and IH 35 S; and Closure of portion of Rochambeau Street Public Right of Way
SUMMARY:
Consideration of the following ordinances:
A. An ordinance declaring as surplus a vacant 0.160 acre tract of City owned land located at Teresa Street and IH 35 S in Council District 5 and authorizing its sale to JMB SA Properties, LLC for a total of $69,870.00.
B. An ordinance authorizing the closure, vacation and abandonment of 0.055 acres of Rochambeau Street Public Right of Way, located at the intersection of Rochambeau and Cottonwood Avenue, in Council District 5, as requested by JMB SA Properties, LLC for a fee of $16,200.00.
BACKGROUND INFORMATION:
A. JMB SA Properties, LLC (Petitioner) is requesting that the City of San Antonio declare as surplus and sell a parcel of land located at Teresa Street and IH 35 S (access road) as shown on attached Exhibit A. The subject property is an unimproved 0.160 acre tract of land (6,987 sq. ft.). The Petitioner owns the abutting property at 361 Teresa Street and plans to build a new Subway restaurant. The combined land area would allow for the intended development.
In accordance with City policy, the subject property was advertised to the public in The Hart Beat on August 13, 2014 and August 15, 2014. Petitioner was the sole bidder.
B. JMB SA Properties, LLC (Petitioner) is requesting the closure, vacation and abandonment of a portion of Rochambeau Street Public Right of Way as shown on attached Exhibit A. Both the Petitioner's property and the surplus property (item A above) abuts the proposed closure. The subject ROW is 0.055 of an acre (2,399 sq. ft.) and is an undeveloped paper street. If approved, the Petitioner plans to combine land with his property and the surplus property (item A) for the...
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