HomeMy WebLinkAboutF-13 - Acquisition of 3404 Balboa Boulevard4Rugust 12, 1985
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CITY COUNCIL AGENDA
ITEM. NO. F-13
TO: CITY COUNCIL
FROM: Public Works Department
SUBJECT: ACQUISITION OF 3404 BALBOA BOULEVARD (A.P. 423-351-12)
RECOMMENDATIONS:
F THE CiT i COUNCIL
CITY OF NEWPORT BEACH
AUG 12 1985
1. Authorize the purchase of 3404 Balboa Boulevard
APPROVED
$150,000.
2. Authorize the acceptance of a grant deed for 3404 Balboa
Boulevard from Terry A°. and Aida 0. McKelvey.
DISCUSSION:
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 properties. He completed the appraisal on November 20, 1984, and
concluded that the fair market value of the subject parcel was
$150,000 as of September 5, 1984. This parcel is unique when compared
to all other parcels previously purchased. The property fronts 30
feet on Balboa Boulevard and is 75 feet deep. As only 25 feet are
required to widen the roadway, the appraiser also concluded that just
compensation for the partial take was $6.6,670. Both offers were pre-
sented to the owners. However, the partial -take offer was rejected
based on the fact that the acquisition of the 25-foot strip of land
would require total demolition of the single residence structure.
Mr. and Mrs. McKelvey have occupied the dwelling over 90
days, making them eligible for relocation benefits if they move from
the property at the City's request. These benefits could be as much
as $15,000 plus moving expenses. At this time, the McKelvey's wish
to remain in the dwelling and rent the house from the City at a fair
market value.
It is recommended that the City purchase 3404 Balboa
Boulevard for the appraised fair market value of $150,000. Funds have
been budgeted using Gas Tax monies and AHFP funding for the acquis-
tion of parcels along Balboa Boulevard. AHFP funding, however, will
August 12, 1985
Subject: Acquisition of 3404 Balboa Boulevard (A.P. 423-351-12)
Page 2
only be available for the appraised partial take The remainder pro-
perty will have a 30-foot frontage on Balboa Boulevard with a 50-foot
depth along a side alley. The remainder of the parcel can be con-
sidered a legally buildable lot and could be sold at an auction.
The attached Exhibit A shows the subject property, as well
as the seventeen parcels that the City has already acquired for the
widening of Balboa Boulevard. The acquisition of this parcel leaves
one parcel to be acquired between 33rd Street and 44th Street.
Benjamin B. Nolan
Public Works Director
HH:jd
Att.
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EXHIBIT "A"