SUBJECT:     SALE OF CITY-OWNED PROPERTY LOCATED ON THE WEST SIDE OF SOUTH 8TH STREET - BETWEEN KEYES STREET AND BESTOR STREET

 

COUNCIL DISTRICT:  3

SNI AREA: Spartan/Keyes

 

 

RECOMMENDATION

 

Adoption of a resolution declaring an 871 square foot portion of City-owned land, located on the south side of 8th Street between Keyes Street and Bestor Street, surplus to the needs of the City, and authorizing its sale to Jorge and Micaela Segura for $9,800.

 

BACKGROUND

 

Municipal Code Section 4.20.20 permits the City Council to declare City-owned property surplus to the needs of the City and authorize its direct sale to the adjoining property owner when it finds: 1) that a property is neither needed for, nor adaptable to, municipal purposes; and 2) the public interest would be served thereby.  In order to determine the current usefulness or adaptability of surplus parcels to City purposes, the Department of Public Works polled City departments to determine if there was facility or operational need for the subject parcel.  There was no response indicating a need for the subject parcel.

 

ANALYSIS

 

This parcel is roughly rectangular in shape and is located at the rear of parcel 472-12-075 (the adjoining owners (Segura) who wish to purchase the property).  The parcel is vacant and not independently developable.  City staff has determined through an independent appraisal that the fair market value of the subject parcel is $9,800.

 

Maps illustrating the subject property’s general and specific location are attached as Exhibits A and B.

 

PUBLIC OUTREACH

 

Not applicable.

 

COORDINATION

 

This item has been coordinated with the Office of the City Attorney and the Office of the City Manager.

 

COST IMPLICATION

 

The City’s cost will consist of staff time to complete the transaction.   The buyer has deposited $9,800 with the City as compensation for the above referenced property.

 

BUDGET REFERENCE

 

Revenue Disposition:                 General Fund

Revenue Fund No:                    001-57-000000-3650

Program Title:                           Sale of Real Property

 

 

RAJEEV BATRA

Acting Director, Public Works Department