A. Compile an inventory of all rights-of-way within the City that abut the same body of water that is abutted by the street or alley sought to be vacated;

B. Conduct a study to determine if the street or alley to be vacated is suitable for use by the City for any of the following purposes: port, boat moorage, launching sites, beach or water access, park, public view, recreation, or education;

C. Hold a public hearing on the proposed vacation in the manner required by this chapter, where in addition to the normal requirements for publishing notice, notice of the public hearing is posted conspicuously on the street or alley sought to be vacated, which posted notice indicates that the area is public access, is proposed to be vacated, and that anyone objecting to the proposed vacation should attend the public hearing or send a letter to a particular designated official indicating his or her objection; and

D. Make a finding that the street or alley sought to be vacated is not suitable for any of the purposes listed under subsection B of this section, and that the vacation is in the public interest.

E. No vacation shall be effective until the fair market value has been paid for the street or alley that is vacated. Moneys received from the vacation may be used by the City only for acquiring additional beach or water access, acquiring additional public view sites to a body of water, or acquiring additional moorage or launching sites. [Ord. 583 § 12, 2014; Ord. 501 § 3, 2009.]