On December 11, 2017, the Sparks Redevelopment Agency and Sparks City Council approved a Disposition and Development Agreement (Agreement) with SWD Partners, LLC (Developer). The Agreement provides the Developer the right to acquire a parcel located at 955 C Street (C Street Garage) that is improved with a public parking garage for the purpose of renovating the parking garage and constructing, atop of the garage, a new high-density apartment building referred to as The Deco (Project).

On February 26, 2018, the Sparks City Council and Sparks Redevelopment Agency approved Amendment No. 1 to the Agreement between the Sparks Redevelopment Agency, the City of Sparks and the Developer. The approved Amendment No. 1 would permit the Developer to construct the apartment component of the Project and then seek City approval to convert the apartments to condominium units at a future date.

The Sparks Redevelopment Agency is currently the owner of the C Street Garage parcel which is bound to the east by 9th Street and 10th Street to the west. The Sparks Redevelopment Agency is in the process of assembling a parcel for the Project and has requested that the Sparks City Council consider vacating portions of the public right-of-way on the westerly side of 9th Street and the easterly side of 10th Street. Refer to the attached Exhibit for the right-of-way vacating locations. The Sparks Redevelopment Agency intends to convey the assembled property to the Developer for the Project as outlined in the Agreement.

The Order Vacating Right of Way is attached. The legal description for the request has been reviewed by staff and has been found acceptable. Each owner of property abutting the proposed abandonments has been properly notified via certified mail as required by NRS 278.480 (4) (a). The extent of the proposed abandonment and the date of the public hearing were published in the Reno Gazette-Journal as required by NRS 278.480 (4) (b). Reservations of easement (per NRS278.480 (6)) are included where applicable. Staff finds that the public will not be materially injured by the proposed abandonments and recommends approval.

1. The City Council could approve the request for vacating the public right-of-way as outlined by Staff.
2. The City Council could deny the request for vacating the public right-of-way as outlined by Staff and provide direction to the City Manager.

I move to approve the request from the Sparks Redevelopment Agency to vacate portions of public right-of-way on the westerly side of 9th Street and the easterly side of 10th Street adjacent to 955 C Street (C Street Garage) as outlined by staff.