Agenda

Back to Calendar Return

Work Session and Regular Meeting

Meeting Date:	08/09/2016
Department:	Public Works

AGENDA CAPTION:

Consider Approval Of Resolutions Consenting To The Simultaneous Conveyance Of A Total Of Approximately .04 Acres Of The Town's Real Property Located At 4551, 4553, And 4555 Glenn Curtiss Drive At Addison Airport, In Exchange For Approximately .14 Acres Of Fee Simple Land Located At 4485 Glenn Curtiss Drive.

BACKGROUND:

Staff recommends consideration and consent to the simultaneous conveyance of a total of approximately .04 acres of the Town’s real property located at 4551, 4553 and 4555 Glenn Curtiss Drive at Addison Airport in consideration of and in exchange for approximately .14 acres of fee-simple land now owned by Castlerock Interests #3, LLC, a Texas limited liability company, which is a part of what is commonly known as the Addison Airport Self Storage located at 4485 Glenn Curtiss Drive.

In May of 2014, the Town acquired the real property located at 4551, 4553 and 4555 Glenn Curtiss Drive and made it a part of its airport real estate portfolio. The three lots comprise what is known as the Addison Jet Center. South and adjacent to the Addison Jet Center is the Addison Airport Self Storage property located at 4485 Glenn Curtiss Drive. The 2005 plat identified apparent conflicting boundary lines where a portion of the Addison Airport Self Storage building improvements encroached onto the Addison Jet Center property.

In March 2016, staff was contacted by the ownership of the Addison Airport Self Storage property who explained their property was under contract to sell but that they had been advised by the title company of the encroachment and clouded title. After discussing the issue with the city attorney, it was determined it is in the Town’s interest to work with the other property owner to resolve the conflicting boundaries. Staff recommends that the Town convey by deed, the encroached land, approximately .04 acres, or 1,742 square feet of land (SFL) under the existing mini-warehouse buildings to the owner of the Addison Airport Self Storage property. In exchange for this conveyance, the Town will receive in fee title approximately .14 acres, or 6,098 SFL, of paved land that now serves as the ingress/egress easement controlled by Addison Storage Lockers along the west end of their property. This ingress/egress easement currently serves as the only street entry into the Addison Jet Center properties. Consequently, in exchange for releasing the encumbered land under the buildings, the Town will receive additional land and full ownership and control of its entrance from Glenn Curtiss Drive to the Addison Jet Center properties that also abuts other airport land. No additional cash or consideration is required of either party.

To further remedy the existing circumstances, the Town and the Addison Airport Self Storage ownership agreed to replat both properties merging the properties into one replat hereinafter referred to as the Addison Jet Center Addition Lots 1-4, Block 1 which will reflect the new property boundary descriptions and abandoned easements. This replat was approved by the Planning and Zoning Commission on June 17, 2016 and will be publicly recorded with Dallas County Records together with each of the two proposed Special Warranty Deeds.

There is little or no direct economic benefit to the Town as a consequence of the proposed conveyance. The Town will gain ownership of approximately 4,356 square feet of paved land, which may represent added value at some future date. More immediately, the Town and airport will gain full control and ownership of its approach to its gated entry leading into the Addison Jet Center properties.

The city attorney has approved to form each of the conveyance agreements (Special Warranty Deeds) to be executed and recorded by the respective parties for the purpose presented herein.

RECOMMENDATION:

Administration recommends approval.

Attachments
Aerial Map of Glenn Curtiss Drive
Resolution