Subject: HILLSDALE AVENUE STREET IMPROVEMENTS - THOTUS
COUNCIL
DISTRICT: 7
SNI AREA: N/A
Approval
of an agreement with George P. Thotus and Ellen M. Thotus, trustees of the
Thotus Living Trust dated 11/12/86, for the purchase of a parcel of land and a
right of entry relating to property on the south side of Hillsdale Avenue
between Narvaez Avenue and Canoas Creek in the amount of $12,800. CEQA:
Exempt.
The Public Works Department is implementing an improvement
project to widen and improve Hillsdale Avenue to its ultimate configuration
between Narvaez and Canoas Creek. The project requires acquisition of a portion
of the property owned by Mr. and Mrs. Thotus for the new street right of way.
The portion of
land being purchased from Mr. and Mrs. Thotus is on the south side of Hillsdale
Avenue between Narvaez and Canoas Creek
and contains approximately 445 square feet.
The agreement for purchase provides the City with a right of entry to
enter on the property prior to the close of escrow. Also included is the purchase of a tree and relocation of mail
boxes.
The City’s offer
of $12,800 is based upon just compensation to the owner in the full amount of
the independently contracted appraisal.
Upon Council
approval, the City will be entitled to immediately enter upon the property to
begin work on the project. The escrow
period is anticipated to close within ninety (90) days following Council
approval.
Not applicable.
This item has
been approved as to form by the Office of the City Attorney.
The
$12,800 cost of the acquisition is specified in the purchase agreement. In addition, there will be escrow and
closing costs estimated at $850. The
total cost is anticipated to be approximately $13,650.
Fund: 420
R.C.: 113182
Appn: 5402
Amount: $241,000
Budget
Document: 2001-02 Appropriation
Ordinance, Section 6.04, Item 1F
Exempt.
RAJEEV BATRA
Acting Director, Public Works Department
Attachments
EXHIBIT “A”
ANALYSIS:
OWNER: George P. Thotus and Ellen M. Thotus,
trustees of the Thotus Living Trust dated 11/12/86
RELOCATION: NO ASSESSOR’S
PARCEL NO.: Portion of 462-15-009
ACQUISITION:
PORTION OF PARCEL BEING ACQUIRED IN FEE: Irregular shaped parcel containing 445+/- square
feet.
ZONING: Residential (R1-B6) PRESENT USE:
Vacant (except for a tree)
APPRAISED BY: Hulberg & Associates, Inc.
APPRAISAL
DATE: March 14, 2001
APPRAISAL
AMOUNT: $12,800
REAL PROPERTY
AGENT: R. Venable FILE
NO.: 1621A
CALCULATIONS AND
REMARKS:
1.
Land:
385+/- sq. ft. at $30 per sq. ft. = $11,600 (rounded)
60+/- sq. ft. in existing street = $ 1,000 (nominal value)
445 +/- sq. ft. total $ 12,600
total for land $12,600
2.
Improvements: 1 Juniper tree $100
Cost to
relocate mail boxes $100
$200 total
improvements $ 200
3.
Damages to
Owners’ remaining property: -0-
4.
Total $12,800
TOTAL PAYMENT OF MARKET VALUE TO PROPERTY OWNER $12,800