Regular 5.
Regular City Council Meeting
- Meeting Date:
- 06/13/2016
- TITLE
- Public Hearing to Vacate Palladium Drive within Copper Ridge Subdivision 5th Filing
- PRESENTED BY:
- David Mumford
- Department:
- Public Works
Presentation:
PROBLEM/ISSUE STATEMENT
Copper Ridge Development Corp., the developer of Copper Ridge Subdivision 5th Filing, is replatting a portion of Copper Ridge Subdivision 5th Filing. With the new plat, which will be Copper Ridge Subdivison 6th Filing, the streets will be realigned. This requires the Palladium Drive right of way to be vacated and new right of way to be dedicated. Palladium Drive has not been constructed. Copper Ridge Development Corp. is the original developer, therefore, the right of way to be vacated is granted at no cost to the developer. Attached is a map showing the right of way to be vacated. The new plat for Copper Ridge Subdivision 6th Filing was approved at the May 23, 2016 City Council Meeting with the condition that Palladium Drive be vacated.
ALTERNATIVES ANALYZED
The Council may:
- After holding a public hearing, approve the vacation of the above mentioned right of way; or
- After holding a public hearing, do not approve the vacation.
FINANCIAL IMPACT
Since the right of way proposed to be vacated will revert to the original developer and no streets are constructed, there is no cost for the vacation. New right of way will be dedicated to replace the vacated area.
RECOMMENDATION
Staff recommends that Council conduct a public hearing and approve the vacation of Palladium Drive right of way within Copper Ridge Subdivision 5th Filing.