Title
Closure of Right-of-Way - V170033C - Southeast of Central Avenue and Jefferson Street (Resolution 21621)
Description
Abandonment: V170033C
Project: 17-367
Applicant: CentriCity Real Estate, LLC
Request: To close the remaining 25-foot alley right-of-way bounded by Central Avenue and Jefferson, Madison, and 1st Streets.
Date of Hearing: July 18, 2017; taken out from under advisement and approved, with stipulations, on Sept. 7, 2017.
Report
Location
Southeast of Central Avenue and Jefferson Street
Council District: 7
Financial Impact
Pursuant to Phoenix City Code Art. 5, Sec. 31-64 (e), the City acknowledges the public benefit received by the generation of additional revenue from the private tax rolls and by the elimination of third-party general liability claims against the city, maintenance expenses, and undesirable traffic patterns, replatting of the area with alternate roadways and new development, and sale of the property after closure for a value acceptable to the City, as sufficient and appropriate consideration in this matter.
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Planning and Development Department.