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and the va.rious scenarios for leasing suggested that the lessees would expect to enjoy some <br /> exclusivity of use which the City could not guarantee, or wouJ.d l�ikely result in ongoing <br /> nnanagement issues for the City. The three remaining options (sell, do nothing, or require dock <br /> removal}each had plusses and minuses: <br /> Sa1e of the City lots to the opposite owners would give them ovvz�ership of the lakeshore, but the <br /> initial iransa.ction is necessarily quite involved due to the need for a subdivision/re-plat to <br /> guaxantee the public's use of the traveled roadway (see the swrvey attached, which indicates the <br /> traveled roadway is partly witivn dedicated right-of-way and partly witliin the 4 lakeshore <br /> pazcels). An appraisal to establish land value would be needed. Also, the City would have ta <br /> transfer the lots via c{uit-clai.m.deed, as that is how the City acquired them, and therefore alI the <br /> potential off-site"ba�g and baating rights"becorne the problem of the new owners. <br /> Doin ng�otk�',_� does not resolve the issue for property owners who are having diffictalty selling <br /> their properties without a definite conclusion to this issue,but requires no further City action. <br /> Requ.irin�dock removal patentially reduces the value of these four homes without providing a <br /> clear benefit to the public, given the nature and relative difffculiy of public use of these pazcels <br /> even if docks were removed(Iack of parking,proximity to traveled road, etc.) <br /> Staff recommended that if the saJ.e 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/vaca�ion sketch <br /> 2. Formuiate necessary easements/covenants to retain <br /> 3. Discuss cancept wi�th opposite owners <br /> 4. Establish value and price(appraisal} <br /> 5. If buy-in from opposite owners,hold a public heari.ng <br /> 6. Proceed.witli subdi�vision/vacataon/dedication via stancEard City approval processes <br /> The above is a summary of the information provided to the Council £or 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 />