75B - PH - ABANDONMENT 06-06 - Laserfiche WebLink

Home Browse Search

REQUEST FOR COUNCIL ACTION CITY COUNCIL MEETING DATE: AUGUST 20, 2007 TITLE: PUBLIC HEARING: ABANDONMENT NO. 06-06: TO VACATE A PORTION OF SYCAMORE STREET BETWEEN 10~" STREET AND WASHINGTON AVENUE CI MANAGER RECOMMENDED ACTION CLERK OF COUNCIL USE ONLY: APPROVED ^ As Recommended ^ As Amended ^ Ordinance on 1~' Reading ^ Ordinance on 2n° Reading ^ Implementing Resolution ^ Set Public Hearing For CONTINUED TO ~ oZ FILE NUMBER $fa©/Q `1 Adopt a resolution vacating a portion of Sycamore Street between Washington Avenue and 10`h Street. DISCOSSION On August 2, 2004, the City Council approved various entitlements for the proposed One Broadway Plaza (OBP) office tower project. As part of the project, Caribou Industries is requesting that Sycamore Street from Washington Avenue to about 137 feet north of 10`h Street be vacated and incorporated into the project boundary (Exhibit 1). A 12-story parking structure will be constructed within the vacated area. The City presently has a street easement over the proposed vacated area and reversionary rights to the land are held by the adjacent landowners, including OBP, according to the title report supplied by the applicant. The owners of the affected properties east of Sycamore Street have indicated their concurrence with the proposed street vacation by signature on the application and execution of a street vacation commitment. The street vacation commitment requires 1200 Main Partners, LLC, as owner of 1200 North Main Street, and Orange County School of the Arts Foundation, as owner of 1000, 1010, and 1018 North Main Street to convey the Sycamore Street underlying fee property to OBP, and to cooperate with the City and OBP to complete the vacation. The resolution to vacate a portion of Sycamore Street will include certain requirements prior to recordation: 1. OBP shall acquire underlying fee title to all of the area to be vacated. 75B-1