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Last modified
7/17/2007 9:29:34 AM
Creation date
1/10/2006 3:17:23 PM
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Roseville City Council
Document Type
Council Resolutions
Meeting Date
12/19/2006
Resolution #
10367
Resolution Title
RESOLUTION AUTHORIZING THE ACQUISITION OF CERTAIN PROPERTY FOR PUBLIC USE BY RIGHT OF EMINENT DOMAIN
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<br />will not substantially impair the integritY of the Project. Such changes will be subject to the <br />approval of City Council and the Redeveloper. <br /> <br />(d) For purposes of subparagraphs (b) and (c), the Project will be considered <br />"Financially Unfeasible" if the Redeveloper Return (as defined and calculated as set forth in <br />Section 4.4) is projected to be less than ten percent (10%). <br /> <br />Section 3.10. Street Vacations. Easements and Rights-of-Way. <br /> <br />(a) The City shall vacate any rights-of-way in the Redevelopment Property which the <br />City and Redeveloper agree are to be vacated, subject to any necessary right-of-way easements <br />for streets and utilities, and shall cause such vacated rights-of-way to be conveyed to the <br />Redeveloper. The Redeveloper shall pay any fees imposed by the City or County to process such <br />vacations and effect such conveyances. <br /> <br />(b) The City shall dedicate the Twin Lakes Parkway right-of-way across Parcel 8-3, a <br />City-owned parcel which is not being conveyed to the Redeveloper, and will also grant necessary <br />construction and ponding easements to the Redeveloper with respect to Parcel 8-3. <br /> <br />( c) The Redeveloper agrees to dedicate any necessary public rights-of-way in favor of <br />the City through the Redevelopment Property at no cost to the City, and such dedication shall be <br />a condition of the platting of the Redevelopment Property. The new public rights-of-way may be <br />by easement or deed, as determined by the City. <br /> <br />15 <br />
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