Adopt Ordinance Vacating a Portion of an Alley in Block 10, Van Zandt's 2nd Addition between Foch Street and Currie Street to be Replatted with the Adjoining Property for a Proposed Mixed-Use Development (COUNCIL DISTRICT 9)

It is recommended that the City Council:

1.  Adopt the attached ordinance vacating a portion of an alley in block 10, Van Zandt's 2nd Addition between Foch Street and Currie Street to be replatted with the adjoining property for a proposed mixed-use development; and

2.  Waive the fair market value or any portion thereof of purchase price of this right-of-way easement for the alley.

Kimley-Horn, on behalf of CCP 2816 Seventh LP, has requested vacation of this portion of an alley to be replatted with the adjoining property for a proposed mixed-use development.  The City Plan Commission recommended approval of this request at its meeting on June 27, 2018.  An acceptable final plat (FS-18-056) has been received in accordance with the Subdivision Ordinance.

The City of Fort Worth (City) originally obtained the above mentioned right-of-way through plat dedication.  The City does not own any fee interest in the right-of-way or own any property adjacent to the right-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 this right-of-way easement for the alley.

This project is located in COUNCIL DISTRICT 9.