29A - BUDGET - ACQUISITION 202-218 GRAND

Home Browse Search

REQUEST 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 29A -1