Adopt Ordinance Vacating a Portion of Darcy Avenue and an Alley to be Replatted with the Adjoining Property by Museum Place Block A, LTD, for a New Mixed Use and Hotel Development Within Museum Place (COUNCIL DISTRICT 9)

It is recommended by the City Plan Commission that the City Council:

1.  Adopt the attached ordinance vacating a portion of Darcy Avenue and an alley to be replatted with the adjoining property by Museum Place Block A, LTD, for a new mixed use and hotel development within Museum Place; and

2.  Waive any and all purchase fee value of the vacated land in accordance with City policy.

Dunaway Associates, on behalf of the Museum Place Block A, LTD, has requested the vacation of these rights-of-way to be replatted with the adjoining property for a new mixed use and hotel development within Museum Place.  The City Plan Commission recommended approval of this request at its meeting on August 24, 2016.  An acceptable final plat (FS-16-150) has been received in accordance with the Subdivision Ordinance.  

The City of Fort Worth (City) originally obtained the above mentioned rights-of-way through the platting process.  The City does not own any fee interest in the rights-of-way or own any property adjacent to the rights-of-way and did not expend any City funds to purchase the right-of-way easements.  In accordance with the City's policy regarding street and alley vacation transactions approved by the City Council on March 6, 2007 (M&C G-15624), Staff recommends waiving the fair market value or any portion thereof of purchase price of the right-of-way easement for the street and alley.

This project is located in COUNCIL DISTRICT 9, Mapsco 76A.

This M&C does not request approval of a contract with a business entity.