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HomeMy WebLinkAbout05/18/2011 6A AGENDA BILL CITY OF BREMERTON CITY COUNCIL &A SUBJECT: Public Hearing and Ordinance Study Session Date May 11, 2011 No SW to vacate an Alley for Olympic COUNCIL MEETING Date May 18, 2011 College between 13 and 15 Streets, West Department PW &U of Warren Avenue Presenter Gunnar Fridnksson Phone 473 -2354 SUMMARY: Olympic College has petitioned the City of Bremerton to vacate the alley between 13 and 15 Streets, West of Warren Avenue The College is completing campus improvements including replacement of parking lots to new building construction The new parking lot will encompass the entire block between 13 and 15 Streets, and Broadway and Warren Avenues rendering the alley useless for access Deferred compensation and fees for this vacation is requested until the right of way dedication along 13 Street and Warren Avenue is completed ATTACHMENTS: 1 Ordinance No 5149 2 Exhibit A, and 3 Staff Report FISCAL IMPACTS (Include Budgeted Amount) The compensation for this vacation is estimated at $92,498 As Olympic college develops new rights of way to be dedicated to the City, the value of these rights of way will be applied against the $92,498 Olympic College has three years from the date of execution of this vacation to develop these rights of ways After the three years, any remaining balance will be paid to the City If the value of the rights of way are greater than the compensation for the vacation, the City is not obligated to make any payment to Olympic College APPROVALS: DEPARTMENT DIRECTOR CITY ATTORNEY FINANCE DIRECTOR RECOMMENDED MOTION: Move to pass Ordinance No 51'49 to vacate an Alley for Olympic College between 13 and 15 Streets, West of Warren Avenue STUDY SESSION ACTION: r J Consent Agenda ❑ General Business Public Hearing COUNCIL PRESIDENT COUNCIL ACTION: rove Den able Continue pp ❑ Y ❑ ❑ No Action ❑ Form Updated 4/18/2011