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Walgreens Report <br />August 14, 2000 <br />Page 3 <br />preliminary plat is Ordinances 666, vacating the old Edgewood Drive right of way, and <br />Ordinance 668, an ordinance vacating a sign easement which no longer serves a public <br />purpose. Ordinance 668 will not be before the Council for action until the August 28, <br />2000 meeting. <br /> <br />Resolution 5454 also stipulates that the Developer shall make a park dedication <br />payment pursuant to Section 1202.04 of the Municipal Code. The valuation used for <br />this project is $3.81 per square foot, based on the appraisal performed by Appraisal <br />Concepts, Inc., dated June 30, 2000. Because the Walgreens project area to be <br />developed comprises 116,875 square feet, the total dedication required would be <br />$44,529. As required by the Municipal Code, staff will present this same information <br />to the Parks and Recreation Commission at its next meeting. <br /> <br />4. Authorization to Rezone the Properties <br /> <br />Ordinance 665 is the vehicle by which the affected properties are formally rezoned. <br />The area to be developed, as well as the undeveloped Outlot A that the City will <br />acquire, will be rezoned to PUD from PF and B-3. The Community Center and the 66- <br />foot strip of land east of the Community center will be rezoned from B-3 to PF. This is <br />a first reading; second reading and adoption shall be scheduled for August 28, 2000. <br /> <br />5. Authorization to Vacate Edgewood Drive Right of Way <br /> <br />Ordinance 666 is drafted to vacate the old alignment of Edgewood Drive. The basis for <br />approving any vacation is that the Council shall determine that the public purpose, <br />need or benefit of the area no longer exists, or that the public purpose and interest <br />would be better served by the vacation. The ordinance states that the City has <br />determined that the area no longer serves a public purpose and it is in the public <br />interest to approve the vacation. This is a first reading; second reading and adoption <br />shall be scheduled for August 28, 2000. <br /> <br />6. Authorization to Dispose of by Sale City-Owned Real Property <br /> <br />Ordinance 669 is drafted to meet the requirements of the City Charter, which states in <br />Section 12.05 that any disposal of City-owned land shall be done only by ordinance. <br />The ordinance indicates that the City has determined that such conveyance will further <br />the public interest. This is a first reading; second reading and adoption shall be <br />scheduled for August 28, 2000. <br /> <br /> <br />Recommendation: <br /> <br />Hold the public hearing and, if no changes are needed and the Council so desires, take <br />separate action on each of the six items presented for Council consideration. <br /> <br /> <br /> <br />