Twin Oaks Corporation, the property owner of Twin Oaks Subdivision 2nd Filing, is replatting portions of the subdivision.  With the new plat, portions of the internal streets will be realigned.  This requires portions of the street right of way to be vacated and new right of way to be dedicated.  None of these streets have been constructed.  Twin Oaks Corporation is the original developer, therefore, the right of way to be vacated will be at no cost to the developer.  Attached is a map showing the right of way to be vacated and the new right of way to be dedicated.  This Council action acknowledges receipt of the street vacation application and sets a public hearing date.  The new plat for Twin Oaks Subdivision, which will dedicate new rights of way, will be presented for approval at the March 14, 2011, City Council meeting along with the public hearing for the proposed right of way vacation.

The Council may:

• Acknowledge receipt of petition to vacate the above mentioned right of way and set a public hearing for March 14, 2011; or 
• Do not acknowledge the petition and terminate the street vacation process.

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 rights of way will be dedicated to replace the vacated area.

Staff recommends that Council acknowledge receipt of the petition to vacate portions of right of way within Twin Oaks Subdivision 2nd Filing and set a public hearing for March 14, 2011.