HomeMy WebLinkAbout29A - BUDGET - ACQUISITION 202-218 GRANDREQUEST FOR
COUNCIL ACTION
CITY COUNCIL MEETING DATE:
MARCH 4, 2014
TITLE:
APPROVAL OF ACQUISITION OF
REAL PROPERTY AT 202 -218
GRAND AVENUE FOR GRAND
AVENUE WIDENING (PROJECT NO.
081732 NON� - GENERAL FUND)
CITY MANAGE
RECOMMENDED ACTION
CLERK OF COUNCIL USE ONLY:
APPROVED
❑ As Recommended
❑ As Amended
❑ Ordinance on 1" Reading
❑ Ordinance on 2ntl Reading
❑ Implementing Resolution
❑ Set Public Hearing For
CONTINUED TO
FILE NUMBER
Approve acquisition of real property at 202 -218 Grand Avenue and authorize City Attorney to
implement Stipulated Judgment to transfer title and effectuate settlement of all acquisition issues.
DISCUSSION
Grand Avenue is a north -south transportation facility which is designated as a major arterial
highway and carries in excess of 35,000 vehicles per day. The widening of Grand Avenue
between First and Seventeenth Streets has been a long -term priority project that will be
constructed in several phases. Improvements include widening the roadway from two to three
lanes in each direction; construction of raised landscape medians; new curb, gutter, and
sidewalk; and bike lanes. The Public Works Agency is acquiring property for development of
Phase I, bounded by First and Fourth Streets, and expects to complete the acquisition process
by early 2014. Construction is anticipated to begin by Summer 2014.
To accommodate the widening for Phase I, full acquisition of the property located at 202 -218
North Grand Avenue is required (Exhibit 1). The City Council approved a Resolution of Necessity
for the acquisition and the City Attorney filed an eminent domain complaint. Beginning in
December 2013, City staff and the property owners began discussions in the hope of reaching a
negotiated settlement to the acquisition of the property. An agreement was reached as described
below:
1.
Goodwill
$1,170,000
2.
Land Value (1221 East First Street)
$1,612,600
3.
Land Value (Gallegos Propert)
$3,992,000
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Settlement for Grand Avenue Widening
March 4, 2014
Page 2
The Goodwill, plus the real property land value less the land value, of 1221 East First Street
represents a total proposed settlement of $3,549,400. Since the City has previously deposited
$3,200,000 for the property land value and $91,500 for fixtures and equipment, the remaining
settlement amount would be $257,900.
ENVIRONMENTAL IMPACT
There is no environmental impact associated with this action.
FISCAL IMPACT
Funds are available in the Regional Surface Transportation Program (Account 05917660 - 66220),
Transportation System Improvement Area Fund (Account 99117950 - 66220) and Measure M2
Street Construction Fund (Account 03217662 - 66220).
APPROVED AS TO FUNDS AND ACCOUNTS:
r
dwin "Willia alvez, P.E. Francisco Gutierrez
Interim Executive Director Executive Director
Public Works Agency Finance & Management Services Agency
EWG /KN
Exhibit: 1. Location Map
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LEGEND:
CITY ACODIRED AS PART OF SETTLEMENT
SOLD AS PART OF SETTLEMENT
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Tr —E: �
ENUE�A a GRAND AVENUE AGREEMENT
MARCH A 2m
(PROJECT NO: 081732 NON - GENERAL RIND)
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