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EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET �a <br /> PROJECT TITLE: <br /> Street and Alley Vacation Fund X Briefing COUNCIL BILL# <br /> Use Policy Proposed Action Originating Department Administration <br /> Consent Contact Person Paul Kaftanski <br /> Action Phone Number 425-257-7113 <br /> First Reading FOR AGENDA OF May 15,2019 <br /> Second Reading <br /> Third Reading <br /> Public Hearing <br /> Budget Advisory Initialed by: <br /> Department Head <br /> CAA <br /> Council President 45— <br /> Location Preceding Action Attachments Department(s) Approval <br /> N/A Resolution 5083 Powerpoint <br /> Adoption—8/1/01 <br /> Amount Budgeted -0- <br /> Expenditure Required Account Number(s): <br /> Budget Remaining -0- <br /> Additional Required -0- <br /> DETAILED SUMMARY STATEMENT: <br /> Resolution 3147 as amended by Resolution 5083 guides the process for the vacation of streets and alleys. A <br /> vacation is an action,to be approved by City Council,which transfers City ownership in exchange for public <br /> benefit. That public benefit is typically two-fold. One,the City receives monetary compensation and two, <br /> the result of the vacation is that property that served as City right of way is placed on the tax roll. <br /> During the vacation process associated with the Riverview Apartments' project(which Council approved at <br /> its April 17, 2019 meeting), Council discussed whether the current policy directing how the share of funds <br /> accrued from the vacation of streets and alleys dedicated to the acquisition, development, improvement <br /> and/or maintenance of open space and transportation projects should be reviewed and/or revised. <br /> Staff will present a summary of the current policy and policy performance since 2002. Potential approaches <br /> regarding policy revision options will then be presented for City Council consideration. <br /> RECOMMENDATION: <br /> 1 <br />