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The city council shall approve, or approve with conditions and reservations of <br />easements, the vacation of improved public right-of-way, public ways acquired <br />with public funds, or undeveloped subdivision and partitionplats, or portions <br />thereof, including public right-of-way and improved public easements located <br />therein, only if the council finds that approval of the vacation is in the public <br />interest. <br /> <br />The required public notice and hearing have occurred on the vacation request in accordance <br />with applicable statutory and local code requirements. Consent for the vacation request from <br />abutting and affected owners, and payment of a special assessment for the area of vacated <br />right-of-way, has been provided by the applicant, as required by statutes and local code. <br /> <br />Vacation Findings <br />The following findings demonstrate that vacation of the portion of E. 5th Alley, located <br />between Pearl Street and Oak Street, and a portion of Pearl Alley, located between E. 5th Alley <br />and E. 6th Avenue, is in the public interest. This determination is based on the conclusion that <br />vacation of these alleys will provide efficient use of land and will not negatively impact the <br />transportation system, surrounding neighborhoods or emergency access. Additionally, future <br />development opportunities of the adjacent lands can be enhance through the consolidation of <br />the site. As a result, vacation of the requested alleys will be in the public interest. Detailed <br />findings to support these conclusions are provided below. <br /> <br />The applicant has provided conceptual redevelopment information regarding their intention to <br />revitalize the area, which demonstrates the need for the vacation. The concept calls for the <br />redevelopment of the surface parking lots with a consolidated development plan for the <br />southern half of the block that includes three new buildings with retail/office, hotel, and mixed <br />use building with residential apartments. While this plan is conceptual in nature, it attempts to <br />demonstrate how this site is likely to be redeveloped. As the plan shows, vacation of the <br />current alleys is necessary to accommodate redevelopment options similar to the applicant’s <br />proposal. <br /> <br />The proposed redevelopment is part of an agreement between the developer and Lane County, <br />who owns the southern half of the block. This project, in conjunction with an affordable <br />housing project by Homes for Good, was selected by Lane County Board of Commissioners for <br />redevelopment of their existing surface parking lots—a site identified in the City’s 2004 <br />Downtown Plan as the first on a list of “Development Opportunity Areas.” Obie Companies’ <br />proposal to expand the 5th Street Market District on the Lane County property has the <br />potential to achieve the following Downtown Plan objectives: <br /> <br /> Redevelop one of the identified Development Opportunity Areas; <br /> Expand the 5th Avenue Area (a Special Place and a Great Street in the Downtown <br />Plan); <br />Exhibit C: Findings <br /> <br />