HomeMy WebLinkAboutAGENDA REPORT 2010 1006 CC REG ITEM 10KITEM 10.K.
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MOORPARK CITY COUNCILAGTioN: /� o,�• -..��1 . _.
AGENDA REPORT aa�o -a9
TO: Honorable City Council
FROM: David C. Moe II, Redevelopment Manager
Prepared By: Kathy Priestley, Administrative Secretary
DATE: September 22, 2010 (CC Meeting of 10/6/10)'1
SUBJECT: Consider Resolution Authorizing the Acquisition of 1449 Walnut
Canyon Road Property, Amending the Fiscal Year 2010/11 Budget to
Fund the Purchase and Accepting the Grant Deed for Recordation
BACKGROUND AND DISCUSSION
Staff has determined that the acquisition of 1449 Walnut Canyon Road by the City of
Moorpark is needed for Capital Improvement Project No. 8061, North Hills Parkway
( "Project'). The purpose of the proposed Project is to construct an east -west arterial
street north of the railway, to be generally located within the right -of -way reserved for
the prior Route 118 bypass project. This property came onto the market due to a bank
forclosure.
The total purchase price for 1449 Walnut Canyon Road property is $240,000.00 plus
half of the escrow expenses. 1449 Walnut Canyon Road is one of the properties
needed to complete the portion of the bypass that crosses Walnut Canyon Road.
FISCAL IMPACT
The North Hills Parkway Capital Improvement Project budget (8061) includes
$100,000.00 for property acquisition. A budget appropriation from the City -Wide Traffic
Mitigation Fund (2002) in the amount of $145,000.00 is required to fully fund the
purchase.
STAFF RECOMMENDATION (ROLL CALL VOTE REQUIRED)
1. Adopt Resolution No. 2010 -
2. Authorize the City Manager to execute all documents necessary to this
transaction; and
3. Authorize the City Clerk to accept and consent to the recordation of any deed.
Attachment "A" Resolution No. 2010 -
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ATTACHMENT A
RESOLUTION NO. 2010 -
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MOORPARK, CALIFORNIA, APPROVING ACQUISITION OF
1449 WALNUT CANYON ROAD PROPERTY FOR THE NORTH
HILLS PARKWAY CAPITAL IMPROVEMENT PROJECT (8061),
ACCEPTANCE OF GRANT DEED, AND AMENDING THE
FISCAL YEAR 2010/2011 BUDGET BY APPROPRIATING
$145,000.00 FROM THE CITY -WIDE TRAFFIC MITIGATION
FUND (2002)
WHEREAS, on June 16, 2010, the City Council adopted the Operating and
Capital Improvement Projects Budget for Fiscal Year 2010/2011; and
WHEREAS, the City Council of the City of Moorpark desires to improve traffic
circulation in the City by creating the North Hills Parkway; and
WHEREAS, the adopted budget includes an aggregate appropriation of
$1,905,759.00 from the City -Wide Traffic Mitigation Fund (2002), of which $100,000.00
is allocated for land acquisition; and
WHEREAS, the property owner of 1449 Walnut Canyon Road is willing to sell
their property to the City of Moorpark for a total purchase price of $240,000.00, plus half
of escrow costs; and
WHEREAS, a staff report has been presented to the City Council requesting a
budget adjustment of $145,000.00 from the City -Wide Traffic Mitigation Fund (2002);
and
WHEREAS, Exhibit "A ", attached hereto and made a part hereof, describes said
budget amendment and the resultant impacts to the budget line item.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK
DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The City Clerk shall accept and consent to the recordation of the
grant deed.
SECTION 2. A budget amendment in the amount of $145,000.00 from the City -
Wide Traffic Mitigation Fund (2002), as more particularly described in Exhibit "A ",
attached hereto, is hereby approved for property acquisition.
SECTION 3. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the book of original Resolutions.
333
Resolution No.
Page 2
PASSED AND ADOPTED this 6th day of October, 2010.
Janice S. Parvin, Mayor
ATTEST:
Maureen Benson, Assistant City Clerk
Attachment: Exhibit A — Budget Amendment
334
EXHIBIT A
BUDGET AMENDMENT FOR
CITY -WIDE TRAFFIC MITIGATION FUND (2002) FOR ACQUISITION OF 1449 WALNUT CANYON ROAD
FY 2010/11
FUND ALLOCATION FROM:
Fund
Account Number
Amount
City-Wide Traffic Mitigation Fund
2002 -5500
$ 145,000.00
$ 145,000.00
$ 245,000.00
Total
$ 145,000.00
DISTRIBUTION OF APPROPRIATION TO EXPENSE ACCOUNTS:
Account Number
Current Budget
Revision
Amended Budget
2002 - 8310 - 8061 -9610
$ 100,000.00
$ 145,000.00
$ 245,000.00
Total
$ 100,000.00
$ 145,000.00
$ 245,000.00
Approved as to Form: (�'�
335