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and the various scenarios for leasing suggested that the lessees would expect to enjoy some <br />exclusivity of use which the City could not guarantee, or would likely result in ongoing <br />management issues for the City. The three remaining options (sell, do nothing, or require dock <br />removal) each had plusses and minuses: <br />Sale of the City lots to the opposite owners would give them ownership of the lakeshore, but the <br />initial transaction is necessarily quite involved due to the need for a subdivision/re-plat to <br />guarantee the public's use of the traveled roadway (see the survey attached, which indicates the <br />traveled roadway is partly within dedicated right-of-way and partly within the 4 Lakeshore <br />parcels). An appraisal to establish land value would be needed. Also, the City would have to <br />transfer the lots via quit -claim deed, as that is how the City acquired them, and therefore all the <br />potential off-site "bathing and boating rights" become the problem of the new owners. <br />Doing nothing does not resolve the issue for property owners who are having difficulty selling <br />their properties without a definite conclusion to this issue, but requires no further City action. <br />Requiring dock removal potentially reduces the value of these four homes without providing a <br />clear benefit to the public, given the nature and relative difficulty of public use of these parcels <br />everi if docks were removed (lack of parking, proximity to traveled road, etc.) <br />Staff recommended that if the sale option was pursued, it would be appropriate to vacate portions <br />of the unused 66 -foot right-of-way and dedicate portions of the City lots for future roadway, as <br />the existing traveled road is not fully within its dedicated corridor. The following process would <br />be necessary: <br />1. Prepare initial subdivision/vacation sketch <br />2. Formulate necessary easements/covenants to retain <br />3. Discuss concept with opposite owners <br />4. Establish value and price (appraisal) <br />5. If buy -in from opposite owners, hold a public hearing <br />6. Proceed with subdivision/vacation/dedication via standard City approval processes <br />The above is a summary of the information provided to the Council for the September 12, 2011 <br />Work Session at which the Council directed staff to take no further action on this issue. <br />Page 2 of 2 <br />