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File #: 21-6385    Version: 1 Name:
Type: Financial Authorization Status: Agenda Ready
File created: 11/15/2021 In control: Commissioners Court
On agenda: 11/30/2021 Final action:
Title: Request for approval of a settlement in connection with Harris County Flood Control District v. Clay Venture Fund #3, L.P.; Cause No. 2020-54465; In the 151st District Court of Harris County, Texas; CAO File No. 20EMD0065.
Attachments: 1. Order & Fact Sheet (Clay Venture Fund) 11-30-21
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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Department: County Attorney
Department Head/Elected Official: Christian D. Menefee

Regular or Supplemental RCA: Regular RCA

Type of Request: Financial Authorization

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Request Summary (Agenda Caption):
title
Request for approval of a settlement in connection with Harris County Flood Control District v. Clay Venture Fund #3, L.P.; Cause No. 2020-54465; In the 151st District Court of Harris County, Texas; CAO File No. 20EMD0065.
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Background and Discussion:
This is an eminent domain matter involving the Little Cypress Creek Sub-Regional Frontier Program located in Precinct 4 under the new precinct boundaries recently passed. Harris County Flood Control District (HCFCD) acquired fee simple interest of 12.4402 acres (541,895 sq. ft.) The Special Commissioners awarded $834,087.00 and the Defendant/Landowner objected to the award and the case is currently set for trial. The Landowner demanded $3,458,176.00 based on the opinion of their licensed appraiser. After a court ordered mediation, the parties agreed that the just compensation due to the Landowner for the property being acquired is $1,300,000.00. The Real Property Division & HCFCD participated in the settlement negotiations and this settlement was acceptable to them.



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Alignment with Goal(s):
_ Justice and Safety
_ Economic Opportunity
_ Housing
_ Public Health
_ Transportation
_ Flooding
_ Environment
_ Governance and Customer Service

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