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.