06-12-18 CC RPT 19 - Laserfiche WebLink

Home

CITY OF V RJE&SIDE City of Arts &Innovation City Council Memorandum IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII TO: HONORABLE MAYOR AND CITY COUNCIL DATE: JUNE 12, 2018 FROM: COMMUNITY & ECONOMIC DEVELOPMENT WARD: 3 DEPARTMENT SUBJECT: SURPLUS DECLARATION OF APPROXIMATELY 7,988 SQUARE FEET OF VACANT CITY OWNED LAND LOCATED AT THE SOUTHERLY TERMINUS OF ELIZABETH STREET ACQUIRED FOR THE RIVERSIDE AVENUE GRADE SEPARATION PROJECT ISSUE: Declare as surplus approximately 7,988 square feet of vacant City owned land located at the southerly terminus of Elizabeth Street, bearing Assessor Parcel Numbers 225-073-027 and 225- 073- 028, acquired for the Riverside Avenue Grade Separation Project. RECOMMENDATIONS: That the City Council: 1. Approve the surplus declaration of approximately 7,988 square feet of vacant City owned land located at the southerly terminus of Elizabeth Street, bearing Assessor Parcel Numbers 225-073-027 and 225-073-028, acquired for the Riverside Avenue Grade Separation Project; and 2. Authorize marketing and sale of Assessor Parcel Numbers 225-073-027 and 225-073- 028 at fair market value in accordance with the City's Administrative Manual 08.003.00, Disposition and Sale of City -Owned Real Property. BACKGROUND: On May 16, 2017, City Council declared 6104 Riverside Avenue and 6105 Elizabeth Street surplus as a result of the completion of the Riverside Avenue Grade Separation Project which reduced congestion and inconvenience caused by the existing at -grade Union Pacific railroad along Riverside Avenue from Merrill Avenue to north of Elizabeth Street. At the time, the remnant portion of Assessor Parcel Numbers 225-073-027 and 225-073-028 was not considered developable due to existing right of way on its southerly border. A Riverside developer recently approached the City with an interest in purchasing 6104 Elizabeth Street and the Property for residential development. The City Surveyor prepared a