A3 ADMINISTRATIVE REPORT Date: May 22, 1996 Dept. File No.000 541 TO: Vancouver City Council FROM: General Manager of Engineering Services SUBJECT: Road Exchange: Portion of Lot on North Side of Pacific Street between Richards and Seymour Streets RECOMMENDATION A. THAT Council rescind the April 3, 1984 motion to approve the recommendation of the City Manager as contained in his report dated March 30, 1984, dealing with the road exchange of a portion of Lot 19, Block 114, District Lot 541, Plan 210, on the north side of Pacific Street between Richards and Seymour Streets. B. THAT Council close, stop-up and convey to the abutting owner, all that portion of the north side of Pacific Street, east of Seymour Street, as shown hatched on the plan attached as Appendix "A", subject to the following conditions: 1. The portion of Pacific Street to be closed, be consolidated with the balance of Lot 19, Block 114, D.L. 541, Plan 210, to form a single parcel. 2. The portion of Lot 19 shown cross-hatched on the plan attached as Appendix "A", be established for road purposes to the satisfaction of the Director of Legal Services and the General Manager of Engineering Services. 3. The conveyance of the portion of road to be closed and the establishment for road of a portion of Lot 19, to be on a parcel for parcel basis (at equal value to both parties) as recommended by the Manager of Real Estate Services. 4. The City to be responsible for any necessary plans and documents, including registration and administrative fees. 5. The existing sign pole, as shown on the plan attached as Appendix "C", that will encroach after the establishment, be validated by way of an encroachment agreement at no cost to the owner of Lot 19. 6. Any agreements are to be to the satisfaction of the Director of Legal Services. 7. No legal right or obligation shall be created and none shall arise hereafter, until the documents are executed. COUNCIL POLICY The authority for closing and disposing of streets and lanes is set out in the Vancouver Charter. PURPOSE The purpose of the report is to affirm Council's approval previously granted April 3, 1984, to close, stop-up and convey a portion of the north side of Pacific Street, east of Seymour Street, that is no longer required for road purposes. DISCUSSION A portion of Lot 19 was dedicated for road purposes by Explanatory Plan 3342, dated August 24, 1949 (see Appendix "B"), to improve the intersection of Pacific and Richards Streets. However, this early plan never materialized and the road dedicated by Explanatory Plan 3342 was closed, stopped-up and leased by Council to the owner of the balance of Lot 19 for a 10 year term commencing September 1, 1979. Council, on October 4, 1983, gave approval to proceed with the acquisition of the property required to construct a right-turn bay at the northwesterly corner of Pacific and Richards Streets. This construction has been completed. As reported to Council on October 4, 1983, an exchange of property with the owner of Lot 19 is required to provide an adequate boulevard width at the west end of the block, and to also have the property line parallel to the new curbs. Council, on April 3, 1984, gave approval to the required exchange, subject to a number of conditions. The exchange was not completed in 1984, and then in September, 1989, the lease expired (and has not been renewed). The owner of the site continues to use the former lease area for surface parking. The construction of curbs and sidewalk described in the March 30, 1984 report have all been completed. The Manager of Real Estate and the owner of Lot 19, Block 114, D.L. 541, Plan 210 have now agreed to complete the exchange. The properties to be exchanged are of equal area and hence of equal value, and as such, there is no money to be paid for property by either the City or the owner of Lot 19. It is out of an abundance of caution, and the fact that more than twelve years has passed, that we return to Council to affirm support for the exchange. * * * * *