The attached ordinance will abandon a certain portion of Precision Dr., located at the terminus of Precision Dr. west of S. Kirkman Rd. The vacation includes the final ±60 ft. of the Precision Dr. right-of-way between 5955 & 5935 Precision Dr. to the north and 5934 Precision Dr. to the south. This right-of-way (R-O-W) and abutting properties on either side of Universal Blvd. are to be redeveloped with up to 4,000 hotel rooms, attraction, and resort uses. The applicant is John McReynolds, Sr. Vice President, Universal Parks and Resorts.

The redevelopment plan calls for the simultaneous rezoning of the final ±60 ft. of the Precision Dr. right-of-way to PD/SP to be included as buildable area for the forthcoming development program.

The requested partial abandonment was unanimously approved as part of the consent agenda with the associated Framework PD of the previous Wet ‘n Wild development (ZON2017-00017) at the June 20, 2017 Municipal Planning Board hearing. The City Council will be approving the June 2017 MPB minutes earlier on the Council agenda on July 10, 2017.

Approve the attached Ordinance No. 2017-45 on first reading and request that the Mayor and City Clerk present the draft ordinance for second reading and public hearing at the next regular City Council meeting.