SNI AREA: N/A

SUBJECT: SALE OF CITY-OWNED PROPERTY LOCATED ON THE WEST SIDE OF CLARK STREET BETWEEN WILLOW STREET AND DOROTHY AVENUE. APN 434-02-079

RECOMMENDATION

1) Adopt a resolution declaring said 3,502 square feet foot portion of now City-owned land, located on the West side of Clark Street, between Willow Street and Dorothy Avenue, surplus to the needs of the City; and

2) Authorize its sale to Reyes and Diane Palacios (the adjoining property owner) for One Hundred Forty Thousand Dollars ($140,000).

BACKGROUND

Municipal Code Section 4.20.20 permits the City Council to declare City-owned property surplus to the needs of the City and to 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.

ANALYSIS

The parcel is a long narrow rectangle located adjacent to APN 434-02-029 also known as 1147 Clark Street. The parcel is not independently developable because of its small size and the entire property is encumbered with a public utility easement. The property was appraised by an independent appraiser who concluded that the Fair Market Value of the subject parcel is One Hundred Forty Thousand Dollars ($140,000).

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

PUBLIC OUTREACH

Not applicable.

COORDINATION

This memorandum has been coordinated with the City Attorney’s Office, and the Budget Office.

COST IMPLICATION

This sale of City-owned property is in alignment with the Mayor’s Budget Strategy Expenditure Control Strategy by eliminating a City Maintenance obligation and liability. Also, the sale of this City-owned property will increase revenue to the City on a one-time basis. The Buyer has deposited the entire One Hundred Forty Thousand Dollars ($140,000) with the City as compensation for the above referenced property.

BUDGET REFERENCE

Fund

Appn.

Appn. Name

RC #

Total

Appn.

Amt. for

Contract

2003-04

Proposed Operating

Budget Page

Last Budget Action

(Date, Ord. No.)

001

8130

Sale of Real Property

000000

Revenue to General Fund

N/A

CEQA

Exempt, PP99-06-018

JOSE OBREGON

Director of General Services