A. An application for the vacation shall be signed by all affected property owners and accompanied by an accurate paper plat created by a surveyor licensed by the state of Alaska showing the property in question, along with a $100.00 nonrefundable filing fee, and filed with the clerk on a form provided by the borough.

B. The borough shall notify, in writing, all persons who own property within 200 feet of the proposed vacation, giving information on the location of the vacation and scheduling of a public hearing on the vacation at the next appropriate planning commission meeting.

C. The planning commission shall hold a public hearing on the requested vacation. This hearing must be advertised in the local newspaper at least seven days before the hearing takes place. The planning commission shall make its recommendation to the assembly regarding the request.

D. If the assembly grants the vacation request, the applicant must have the vacated land surveyed and replatted by a registered land surveyor in a format suitable for filing with the State Recorder’s Office.

E. An assembly resolution must be adopted to authorize the disposal of any vacated rights-of-way. The resolution shall contain a statement that the assembly found the property surplus to its needs as a right-of-way. It must give a legal description of the property to be vacated, the names of the applicants to whom the vacation is to be granted, and the market value of the land to be vacated.

F. Applicants granted a vacation of a public right-of-way shall pay to the borough an amount not less than the current assessed value of the vacated property as determined by the assessor or land manager. (Ord. 09-01-196)