Adopt Ordinance Vacating a Portion of West 7th Street to be Replatted with the Adjoining Property for a New Mixed-Use Development Within the Left Bank Project in the West Seventh Urban Village (COUNCIL DISTRICT 9)

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

1.  Adopt the attached ordinance vacating a portion of West 7th Street to be replatted with the adjoining property for a new mixed-use development within the Left Bank project in the West Seventh Urban Village; and

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

Stantec on behalf of Centergy Left Bank, LP, has requested the vacation of this portion of West 7th Street to be replatted with the adjoining property for a new mixed use development within the Left Bank project.  The City Plan Commission recommended approval of this request at its meeting on November 18, 2016.  An acceptable final plat (FS-16-229) has been received in accordance with the Subdivision Ordinance.  

The City of Fort Worth (City) originally obtained the above mentioned right-of-way through platting process. It was not purchased in fee simple by the City.  The City does not own any fee interest in the right-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 easement.  In accordance with the City's policy regarding street and alley vacation transactions approved by the City Council on March 6, 2007, Mayor and Council Communication (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 62Y.

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