Title
Consider an ordinance vacating a street and/or alleyway in the Washington Anderson Subdivision. (First Reading)*
Body
The purpose of this resolution is to vacate the city's interest in land in northern downtown which has vague ownership history and has been fenced and maintained by an adjacent property owner for many years. The property owner to the east has proposed a boutique hotel development on their land, and the city's official vacation of this land will permit that developer to claim roughly half of it to facilitate the development. The current proposal will place a driveway and parking over their portion. The property owner to the west will be able to claim the other half of the land. Both property owners have agreed to a split of the land, and the legal proceedings for doing so will be carried out with Williamson County. The attached exhibits depict the land in two portions which reflect how it will be split by the adjacent owners.
The city will reserve the right to an easement over the property to serve future utility needs as downtown continues to redevelop.