97-49 VACATING PORTION OF A STREET

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� . . . , , COMMUNITY DEVELOPMENT MEMORANDUM NO. 97-62 May 28, 1997 TO: Honorable Mayor Terry M. Howley and City Council Members FROM: James L. Williams, ., City Manager �� Debora L. Bean, A ting Community Development Director /� Robert A. McQueen, Senior Planner �'� SUBJECT: Vacation of North Street east of Oakland Avenue and vacation of alley located between the 1100 and 1200 blocks of West Wood and West Main Streets � A valid petition has been received from Millikin University requesting vacation of the subject street and alley. Millikin University presently owns all private property adjoining this portion of North Street, which e�rtends approximately 530 feet east ofNorth Oakland Avenue; they own all except two of the properties adjoirung the alley in question. The two separate property owners have agreed in writing to the proposed alley vacation. The purpose of the proposed vacations is to allow use of these areas in conjunction with future expansion and development of the University. Recognizing the ownership as noted of properties adjoining the street and alley in question , neither appears to be of value to the general public for vehicular access, and the best interests of the public would be served by vacating the same. A perpetual easement would be retained to operate and maintain existing utility lines located within the areas in question. The petitioner submitted from a qualified appraiser a value of$9500.00 for the subject portion of North Street and a value of$3600.00 for the subject alley. In accordance with City policy regarding such appraisals over $2000.00, a second appraisal was obtained by the City of Decatur, which appraisal resulted in the same recommended value. Staff recommends that total compensation of$13,100.00 be accepted for the property in question. Staff recommends approval of the proposed street and alley vacations as noted.