Sept. 12, 2024
The applicant requesting the Lakewood City Council vacate a portion of 100th Street SW that runs into Lake Steilacoom is asking the Lakewood City Council to continue its review and consideration of the request, known as Ordinance No. 810.
The City Council previously postponed action on the request at its Aug. 19, 2024 meeting. At that time, the Planning and Public Works Department recommended postponement to allow the applicant to submit a complete appraisal for the street end property. Lakewood Municipal Code has specific requirements that must be met for the City Council to decide a street vacation request. When a street vacation occurs, the compensation received by the city must be fair market value or full appraisal value. This prevents the potential gifting of public funds.
Ordinance No. 810 is on the agenda for action Monday, but the City Council is expected to postpone action and set a new meeting date. Once set, the information will be shared publicly.