HomeMy WebLinkAbout25H - PATRICIA LANE PARK
REQUEST FOR
.OUNCIL ACTION
CITY COUNCIL MEETING DATE:
~
~
CLERK OF COUNCIL USE ONLY:
MAY 3,2004
TITLE:
i
AMENDMENT TO CONTRIBU'l'ION
AGREEMENT FOR PATRICIA LANE
PARK
APPROVED
D As Recommended
D As Amended
D Ordinance on 1" Reading
D Ordinance on 2nd Reading
D Implementing Resolution
D Set Public Hearing For
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CONTINUED TO
FILE NUMBER
RECOMMENDED ACTION
1. Direct the City Attorney to prepare and authorize the City Manager and
Clerk of the Council to execute an amendment to the Contribution
Agreement for the purchase and development of Patricia Lane Park.
. Approve an appropriation adjustment reducing the Select Street
Construction revenue account (account no. 59-01-5342-5) and the Select
Street Construction Improvements Other Than Buildings expenditure
account (account no. 59-551-6631) by $94,000.
DISCUSSION
On March 25, 2003, the City approved a Contribution Agreement with the
State of California for Transportation Enhancement Activities (TEA) Grant
Funding in the amount of $533,000 for the purchase and development of
Patricia Lane Park. An appraisal was performed by the Department of
Transportation (CalTrans) and the properties were offered to the City at
fair market value.
The nine surplus parcels being acquired by the City were originally
purchased with Federal, State and OCTA funds for the widening of the I-5
freeway and any revenue received from the sale of the property will be used
to reimburse the respective agencies. Because the properties were
originally purchased using Federal, State and OCTA funds, the Federal
Highway Administration and California Department of Transportation have
agreed to waive their portion of the acquisition costs, thereby reducing
the required grant funding for this project from $533,000 to $439,000. An
acquisition payment will still be required to reimburse OCT A for their
~are of the original property acquisition.
25H-1
Amendment to Contribution Agreement
for Patricia Lane Park
May 3, 2004
Page 2
FISCAL IMPACT
The appropriation adjustment will reduce the Select Street Construction
revenue account (account no. 59-01-5342-5) and the Select Street
Construction Improvements Other Than Buildings expenditure account (account
no. 59-551-6631) by $94,000.
Jon~
Executive Director
Parks, Recreation and
Community Services Agency
APPROVED AS TO FUNDS AND ACCOUNTS:
Svcs. Agency
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I Jam s G. Ross
25H-2