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 vacated 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.   This Council action acknowledges the street vacation application and sets a public hearing date of May 23,  2016.  The new plat for Copper Ridge Subdivision 6th Filing, which will dedicate new right of way, will be presented for approval at the May 23, 2016 City Council meeting.

The Council may:

• Acknowledge receipt of the petition to vacate the above mentioned right of way and set a public hearing for May 23, 2016; or
• 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 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.

Staff recommends that Council acknowledge receipt of the petition to vacate Palladium Drive right of way within Copper Ridge Subdivision 6th Filing and set a public hearing for May 23, 2016.