ACTION REQUESTED:
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Communication from the City Manager and Director of Public Works with a Request to ADOPT an ORDINANCE to VACATE Approximately 359' of an ALLEY Bound by MAIN STREET to FULTON STREET Between SOUTHWEST ADAMS STREET and SOUTHWEST WASHINGTON STREET, Adjacent to Lots 1 Through 10, in Block 6 of the Original Town of Peoria, Now City Of Peoria. [District 1]
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BACKGROUND: Caterpillar Inc. has requested the Vacation of the Alley bounded by Main Street, Fulton Street, Adams Street and Washington Street and as shown on Exhibits 1A, 1B and 2. This vacation is necessary to tighten the legal documents for this block, as Caterpillar presently owns all adjacent parcels.
FINANCIAL IMPACT: Relieves the financial burden to the City to maintain, repair and replace the vacated rights-of-way.
NEIGHBORHOOD CONCERNS: No known concerns. All adjacent parcels are owned by Caterpillar Inc.
IMPACT IF APPROVED: Caterpillar, Inc. will take ownership of the alley for its use and assume all future maintenance.
IMPACT IF DENIED: City will continue to maintain the alley and Caterpillar will not be able to utilize the land.
ALTERNATIVES: N/A
EEO CERTIFICATION NUMBER: N/A
WHICH OF THE GOALS IDENTIFIED IN THE COUNCIL'S 2014 - 2029 STRATEGIC PLAN DOES THIS RECOMMENDATION ADVANCE?
1. Grow Peoria: Businesses, Jobs, and Population
2. Financially Sound City Government, Effective City Organization
3. Vibrant Downtown: Riverfront/ Central Business District/ Warehouse District
WHICH CRITICAL SUCCESS FACTOR(S) FROM THE COMPREHENSIVE PLAN DOES THIS RECOMMENDATION IMPLEMENT?
1. Grow employers and jobs.
2. Have an efficient government.
DEPARTMENT: Public Works