TITLE
Recommendation to receive supporting documentation into the record, conclude the public hearing, find that the area to be vacated is not needed for present or prospective public use, and adopt resolution ordering the vacation of aboveground and underground portions of
The Promenade and Alta Way adjacent to 133 The Promenade.
(District 2)
DISCUSSION
The Olson Company is developing the site on the west side of The Promenade between Broadway and First Street as a five-story mixed-use building with two levels of subterranean parking. The building design approved by the Redevelopment Agency projects into the existing 80-foot wide Promenade right-of-way. The aboveground projection is designed to enhance the streetscape appearance of the building and the
underground projection contributes to the space needed to provide the parking required for this project. The underground parking garage is to be built up to the current west boundary
of the site, while the adjacent Tribune Court will be widened from 16 feet to 20 feet on the surface only. This necessitates the vacation of a remaining 2-foot wide underground portion of Aka Way, most of which was vacated in 1986. Vacations are requested to entitle the developer to proceed with private development over the parcels shown on the attached
Exhibit A. On June 14, 2005, the City Council adopted Resolution No. RES-05-0041, declaring its intention to vacate the subject right-of-way, and set July 5,2005, as the date for the public hearing. A copy of the June 14, 2005, City Council letter is attached as Exhibit B. The proposed resolution was prepared by Deputy City Attorney Lisa Peskay Malmsten on June 2, 2005.
TIMING CONSIDERATIONS
[Timing Considerations]
FISCAL IMPACT
A vacation processing fee of $1,000 was deposited to the General Fund (GP) in the Department of Public Works (PW).
SUGGESTED ACTION
Approve recommendation.
BODY
[Enter Body Here]
Respectfully Submitted,
CHRISTINE F. ANDERSEN
DIRECTOR OF P...
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