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11-01-04
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11-01-04
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1/12/2009 8:26:43 AM
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City Council
City Council - Type
CC Packets
Date
11/1/2004
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<br />VII-3 <br />VIII-C-2 <br /> <br />October 27, 2004 <br /> <br />TO: <br /> <br />The Honorable Mayor and City Council <br /> <br />FROM: <br /> <br />John Grossman, HRA Director <br /> <br />RE: <br /> <br />Public Hearing and Resolution for the declaration of excess <br />property and exchange of property with the HRA. <br /> <br />The HRA has acquired and cleared all the property on Block 1, north east <br />of the corner of Second and Tyler Street, for eventual redevelopment. <br />One parcel remains in City ownership as shown on the attached map (B). <br />It is not a buildable parcel by itself, but together with the adjacent HRA <br />parcels, would enable new construction. <br /> <br />The HRA proposes exchanging the City parcel for a parcel the HRA owns <br />on the adjacent Block 2, also shown on the attached map (A). The HRA <br />parcel was a portion of East First Street until vacated in 1965 for use of a <br />creamery then located on Lot 1. The HRA will consider the sale of Lot 1 <br />Block 2 for redevelopment. However, selling the piece extending into First <br />Street could interfere with future public access and improvements in the <br />park. The HRA believes that public purpose will be served by deeding <br />that piece back to the City. <br /> <br />City property has to be found excess and disposed of in a commercially <br />reasonable manner. The Assessor's market value for the City parcel is <br />$19,400 and for the HRA parcel is $5,148. The City Administrator and <br />The City Attorney recommend that the exchange, without additional <br />payment, be considered commercially reasonable in that the City will <br />benefit from both redevelopment and the recovery of right-of-way on First <br />Street. <br /> <br />ACTION: The attached resolution declares the property excess and the <br />exchange reasonable and authorizes execution of a deed for exchange for <br />the HRA parcel. The contingency is that the HRA also prepare a deed for <br />the City. <br /> <br />., <br />
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