A. Where a vacation for a street or alley which does not abut a body of fresh or salt water has been initiated by petition, the owners of the property abutting the area to be vacated shall pay to the city, prior to the passage of the ordinance vacating the area, the full cost of any physical closures and/or road repairs required by the director of public works and (1) one-half of the fair market value of the area to be vacated; or (2) if area was acquired at public expense or has been part of a dedicated public right-of-way for 25 years or more, the full fair market value of the area to be vacated.

B. Where a vacation for a street or alley which does not abut a body of fresh or salt water has been initiated by the city or has been required by the city as a condition to a permit approval, the owners of the property abutting the area to be vacated shall not be required to pay compensation for the area to be vacated. (Ord. 2002-13 § 1, 2002: Ord. 2001-07 § 2, 2001: Ord. 94-32 § 5, 1995; Ord. 91-30 § 1, 1991)