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HomeMy Public PortalAboutRES-CC-2001-11Resolution 11-2001 A RESOLUTION APPROVING A RIGHT-OF-WAY VACATION ADJACENT TO THE RIO COLORADO CAFE AND BAR AT 2 SOUTH 100 WEST WHEREAS, the property owner of the Rio Colorado Cafe and Bar, located at 2 South 100 West, intends to construct a building fat;ade that would encroach 0 03 acres into the city nght of way, and WHEREAS, the owner of the Rio Colorado Cafe and Bar intends to construct storm water drainage improvements and provide a storm water drainage easement to the City as part of the proposed improvements to the property, and WHEREAS, a diagram of satd storm water drainage improvements and easement is attached to thts resolution, and WHEREAS, the above descnbed improvements provide benefits to the City and would not cause any detnments to the City, and WHEREAS, the City has imtiated nght-of-way vacation proceedings for the portion of the nght- of-way in question, and WHEREAS, a legal descnption for the portion of the nght of way in question is attached to this resolution, and WHEREAS, the fair market value for the portion of the nght-of-way in question is $4,352, and WHEREAS, the market value of the storm water easement in question has not been determined, but will be determined based on the value of comparable easements, and WHEREAS, the property owner of the Rio Colorado Cafe and Bar has agreed pay the City fair market value of the portion of the nght-of-way in question, minus the value of the above mentioned easement, in exchange for the City's vacating the portion of the nght-of—way in question NOW, THEREFORE, we, the Governing Body of the City of Moab do hereby approve the nght- of- way vacation for the portion of the City nght-of way descnbed in the legal descnption attached hereto, and further authonze the Mayor to execute a quit claim deed and easement agreement consistent with this resolution and state law Resolution MI 1 2001 Page 1 of 2 This resolution shall take effect immediately upon passage Passed and adopted by action of the Governing Body of the City of Moab in open session this 22nd day of May, 2001 CITY OF MOAB By a de.22.P i2e—Qed Karla R Hancock Mayor Attest --acttrAtp (-W,t4„,, Rachel Ellison City Recorder Resolution MI 1 2001 rage 2 of 2