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Home My WebLink AboutC-1829 - Appraisal of property at Bayside Drive & Marine AvenueTO: FINANCE DIRECTOR FROM: City Clerk SUBJECT: Contract No. 1829 0 CITY OF NEWPORT BEACH CALIFORNIA DATE Juee lab 1976 City Hall 3300 W. Newport Blvd. Area Code 714 673 -2110 Description of Contract _AFyr&1ml of Vrn"rty of Rmyg4ds Dr_ R MArino Ave. Council Mtg. 2 -23 -76 Minutes Pagu 40, Vol. 30 Ci Authorized by Resolution No. ty ar . , adopted on 3 -15-76 (timed by it MST.) Effective date of Contract Contract with R1ahard A_ Pn114X- M_A_T_ Address 61() Ngn=rt Contnr Dr auito 655 fine 'nrt Hnacb, G 92660 Amount of Contract gr� $1 -2-10- $I M0 but net to nzenad $1,750 W City Clerk March 15, 1976 Mr. Robert L. Wynn City Manager City of Newport Beach City Hall Newport Beach, California 92663 Dear Mr. Wynn: RE: Corner Of Bayside Drive and Marine Avenue Newport Beach, California 0- ;'��''!� At your request, I am submitting this proposal for the appraisal of the above referenced property. The purpose of this assignment is to estimate a fair market value range of this site, as of current date . At your instruction, the appraisal report will be submitted in letter form. All market data, factual data, reasoning, computations, descriptions, analyses, photographs, and discussions, from which, in part, the valuation conclusion was derived, will be retained in my files, and will be available upon request. My fee for this assignment, will range from $1,250 to $1,750, but will in no event, exceed $1,750. This letter report will be submitted within 60 - 90 days, from the authorization to proceed. This appraisal assignment will be predicated upon the following assumptions: 1) That the parcel size would be computed by the City of Newport Beach. 2) That all engineering analysis, and cost estimates would be provided by the City of Newport Beach. 3) That a current title policy would be available for review. If said policy is not available, this property will be appraised as though unencumbered by easements, or other conditions of title. 4) That the interest to be appraised is fee simple estate. IZ J RICHARD A. FULLER, M. A. I. APPRAISER AND CONSULTANT' "I'k MEMBER SUITE SSE AREA CODE 714 AMERICAN INSTITUTE OF 610 NEWPORT CENTER DRIVE EPHONE 644 -4040 REAL ESTATE APPRAISERS NEWPORT BEACH, CALIFORNIA 92660 {4 Y"' /t.. March 15, 1976 Mr. Robert L. Wynn City Manager City of Newport Beach City Hall Newport Beach, California 92663 Dear Mr. Wynn: RE: Corner Of Bayside Drive and Marine Avenue Newport Beach, California 0- ;'��''!� At your request, I am submitting this proposal for the appraisal of the above referenced property. The purpose of this assignment is to estimate a fair market value range of this site, as of current date . At your instruction, the appraisal report will be submitted in letter form. All market data, factual data, reasoning, computations, descriptions, analyses, photographs, and discussions, from which, in part, the valuation conclusion was derived, will be retained in my files, and will be available upon request. My fee for this assignment, will range from $1,250 to $1,750, but will in no event, exceed $1,750. This letter report will be submitted within 60 - 90 days, from the authorization to proceed. This appraisal assignment will be predicated upon the following assumptions: 1) That the parcel size would be computed by the City of Newport Beach. 2) That all engineering analysis, and cost estimates would be provided by the City of Newport Beach. 3) That a current title policy would be available for review. If said policy is not available, this property will be appraised as though unencumbered by easements, or other conditions of title. 4) That the interest to be appraised is fee simple estate. Mr. Robert L. Wynn March 15, 1976 Page Two That this valuation wall be exclusive of subsurface rights, if any. 5) 6) That a legal description will be furnished by the City of Newport Beach. 7) That the value of any improvements will be disregarded. 8) The submission ofthis report constitutes completion of the services authorized. It is assumed that customary compensation will be provided for any subsequent depositions, conferences, additional preparation, or testimony. If these .terms are acceptable, you may authorize me to proceed on this assignment,bay- signing and returning the enclosed copy of this letter. I look forward.to being of service to the City of Newport Beach on this appraisal assign - me nt . RAF:lj ;'Very truly yours, Richard A. Fuller, M.A.I. APPROVED: CI O NEWPORT EACH . DATE 3 _ 1 9) The appraisal should be further conditioned on the parcel not having pier or boat slip rights. 'RPLA/C — _ � -4. I RICHARo A. FULLER, M.A.I. _ .�, f. ,� .T. r. .. � ., .... _... ..,.._ :J .....�..z _...... . _ _....__. COUNCILMEN ox9p\\ CITY C# NEWPORT BEACH* MINUTES CALL ppM12 9f * ' a ?N Februar 23 1976 INDEX 2. A letter was presented from the Litter Control Litter Citizens Advisory Committee requesting secretarial Control service for the Committee. Citizens Adv Cmte Suzanne Rudd, Chairman of the Litter Control Citizens Advisory Committee, addressed the Council and urged that Council appropriate funds for secretarial ser- vices and also protested a statement to the press regarding the litter problem by a member of the Police Department. x The request for appropriation of funds for secretar- a x x x ial services was approved, not to exceed $150 for the tx balance of the fiscal year. 1. A letter from Alice Hamilton was presented requesting Business waiver of the penalty fee imposed for late license License fee for her business, Lido Sands Sauna. The request for waiver of the penalty fee was denied. X x X 4. A report was presented from the Public Works Director Alley regarding alley paving in the City block between Paving Lindo Avenue and Island Avenue. Lindo & Island Av x The Public Works Director was directed to notify x x owners of property adjacent to the unimproved portions x of the alleys in the City block between Lindo Avenue and Island Avenue to construct'a portland cement ? concrete alley under the procedures of Chapter 27 of the Improvement Act of 1911. 5. A letter was presented from the Bicentennial Citizens Ensign Advisory Committee requesting funds for the develop- View sent of Phase I of the Ensign View Park. Park A letter from Parks, Beaches and Recreation Commis - t:. sioner Evelyn Hart as-Liaison Member to the Bicen- tennial Citizens Advisory Committee in support of the Committee request in connection with Ensign View Park. The following people addressed the Council and urged appropriation-of funds for Phase I of the Ensign View Park: J.. Lester Steffenson, as Chairman, and William Blurock, as a member, of the Bicentennial Citizens Advisory Committee; Gwen Martinez, Chairperson for the Newport Beach Bicentennial Youth Committee; Georgia Spooner, representing the Harbor View Bills and the Newport Beach Garden Clubs; and Evelyn Hart, Parks, Beaches and Recreation Commissioner. The following people addressed the Council and opposed the development of the park: Ken Beshore, Pastor of the First Baptist Church, also questioned the terms of the Church's lease; and John Spencer. x The request for appropriation of funds was approved x x x as stated in the request of the Bicentennial Citizens x x Advisory Committee. Volume 30 - Page 40 76 22 76