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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />MAY 16, 2017 <br />TITLE: <br />RELEASE OF EASEMENT ON A PARCEL <br />AT 918 NORTH BRISTOL STREET <br />(PROJECT NO. 11- 6741,),_:_ _ = <br />(STRATEGIC PLAN NO: 6, 1G} <br />CI MANAG R—� <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1s' Reading <br />❑ Ordinance on 2"" Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council the execute a Termination of Easement <br />Agreement with Marcela M. Ocampo, an adjacent property owner at 1306 West Tenth Street, <br />for the parking easement at 918 North Bristol Street, and authorizing the total sum of $6,000 <br />as full consideration for termination of the easement. <br />2. Approve an Appropriation Adjustment recognizing $6,000 in current -year funds received from <br />the sale into the Select Street Construction revenue account, and appropriating the same <br />amount into the Select Street Construction expenditure account for future Bristol Street <br />Improvements Project expenditures. <br />DISCUSSION <br />In 2011, the City purchased 918 North Bristol Street for the widening of North Bristol Street <br />between Third Street and Civic Center Drive (Project 08- 1700). The Bristol Street property <br />acquired by the City included an easement for parking purposes on an adjacent parcel (Exhibit <br />1), which was needed for its former use. The legal documentation for the easement was <br />recorded on March 13, 2001. <br />This section of the Bristol Street Improvement Project is now complete. The parcel at 918 North <br />Bristol Street has become public right -of -way green space and provides aesthetic enhancements <br />for the Bristol project. The portion of the parcel which contains the parking easement is no longer <br />needed for the City project. Moreover, the easement cannot be developed nor does it have any <br />independent use or development potential. <br />The adjacent property owner at 1306 West Tenth Street, Marcella Ocampo, has approached the <br />City to acquire the parking easement from the City. The Public Works Agency prepared an <br />appraisal report by a licensed appraiser to determine the fair market value of the parking <br />easement. The appraised value is $6,000, and that offer has been accepted. The recommended <br />20A -1 <br />