J & S Development Company, property owner in Grand Peaks Subdivision, is replatting the subdivision.  With the new plat, which will be 3rd Filing of Grand Peaks Subdivision, 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 the streets have been constructed.  J & S Develoment Company is the original developer, therefore, the right of way to be vacated is done 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 the street vacation application and sets a public hearing for April 25th.  The new plat for Grand Peaks Subdivision, which will dedicate new rights of way, will be presented for approval at the same meeting. 

The Council may:

• Acknowledge receipt of the petition to vacate the above mentioned right of way and set a public hearing for April 25, 2011.
• Do not acknowledge the petition to vacate the right of way.

Since the right of way proposed to be vacated will revert to the original devloper and no streets are constructed, there is no cost for the vacation.  New right 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 Grand Peaks Subdivision and set a public hearing for April 25, 2011.