HomeMy WebLinkAboutF-11 - Acquisition of 203 38th Street0
r
•
TO: CITY COUNCIL
FROM: Public Works Department
SUBJECT: ACQUISITION OF 203 38TH STREET - M.P. 423-308-08)
RECOMMENDATIONS:
1. Authorize the purchase of 203 38th
2. Authorize the acceptance of a grant
from Harrison and Norva Q. Harkins.
DISCUSSION:
November 12, 19.85
CITY COUNCIL AGENDA
ITEM NO. F-11
81' ThE CITY 6 rWNC]k
Gi Y OF NEWPORT Bl,"'H
NOV 12 (1985
APPROVED
Street for $185,000.
deed for 203 38th Street
On November 28, 1983, the City Council certified the Final EIR and
directed staff to apply for AHFP funding necessary to acquire right of way to
widen Balboa Boulevard from 33rd Street to 44th Street. Implementation of the
project requires the acquisition of six parcels. The current schedule calls for
the purchase of the six parcels over a two-year period followed by a one-year
construction period. The purchase of this parcel is programmed for the second -
year phase of right-of-way acquisition.
Mr. George Hamilton Jones, MAI, was retained to appraise all six prop-
erties. He completed the appraisal on November 20, 1984, and concluded that
the fair market value of the subject parcel was $185,000 as of September 5,
1984. Mr. and Mrs. Harkins accepted the City's offer of $185,000 contingent
upon City Council approval.
The property at 203 38th Street is 25 feet wide by 95 feet deep,
and is on the corner of 38th Street and Balboa Boulevard. The structure is a
1,260-square-foot, two-story single-family dwelling. The dwelling is currently
rented on a monthly basis for $600 per month. The tenant had occupied the
dwelling less than 90 days, making her ineligible for relocation benefits if she
moves from the property at the City's request. However, the property owner is
eligible for benefits in lieu of moving a business in the amount of $5,700.
It is recommended that the City purchase 203 38th Street for the
appraised fair market value of $185,000. Sufficient funds have been budgeted
using 50% Gas Tax monies and 50% AHFP funding for the acquisition of parcels
along Balboa Boulevard.
The attached Exhibit. A shows the subject property, as well as the
eighteen parcels that the City has already acquired for the widening of Balboa
Boulevard. The acquisition of this parcel completes the right. -of -way acquisi-
t' between 33r Street and 44th Street for purposes of widening the roadway.
k4
Benjamin B. Nolan
Public Works Director
HH:jd
Att.
a
•i
}'
W
a.
O
W
cr
a.
a.
O
x
W
a.
�
}
U
a.
1
i
(W�
V..
W
EXHIBIT "A"