Sec. 2-11. - Abandonment of streets and alleys.
Streets or alleys, whether owned in fee or used by easement, may be sold to the abutting owner or owners, in proportion to the underlying fee ownership as exists, or would exist if by easement. When ownership is of the underlying fee, the apportionment shall be determined by city council, which determination will be final. Upon the payment of:
(1) A fee according to chapter 28, article IV, section 28-46, and
(2) The appraised market value of the street or alley, based on not less than one appraisal, or
(3) The actual costs to the city based upon a "per square foot" proration of the city's cost plus the cost of any city improvements subsequently made that pertain to the property covered by the street or alley;
whichever is greater; and, after abandonment of the street or alley, the city will deliver a quitclaim deed to the owners of the fee simple title thereto or abutting owners. The market value of any street or alley shall be fixed by city council, which determination as to such market value will be final.
(Ord. No. 80-266, § 2, 11-18-80; Ord. No. 18-102, § 1, 8-21-18)