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Home My WebLink About1996-05-14 - AGENDA REPORTS - ACQUISITION SC WOODLANDS ENTRY (2)City Mana3 Item to be Rick Putnam NEW BUSINESS DATE: May 14, 1996 SUBJECT: ACQUISITION OF SANTA CLARITA WOODLANDS ENTRY DEPARTMENT: Parks, Recreation, and Community Services BACKGROUND On February 13, 1996, the City Council authorized the Department of Parks, Recreation, and Community Services to contract for professional services to evaluate a 6.6 acre parcel of property adjacent to the City's 53 acre Rivendale parcel, establish a fair market value, and negotiate with the owners for possible acquisition. City staff has reviewed the environmental site assessment, and included the consultant's recommendations for removal of an existing gas storage tank and additional site testing for pesticides as conditions for the City's acceptance in the offer to purchase. The City's independent property appraiser has valued the 6.6 acre parcel at $1,100,000. The owner's appraisal had valued the parcel at $1,700,000. A negotiated purchase value of $1,275,000 has been agreed to by the property owners. The Park Planning staff supports this price as a fair market value and recommends the acquisition of the 6.6 acre parcel (A.P.N.#2826-023-030). Park Planning staff has estimated the costs of acquisition for the parcel not to exceed $25,000. The Los Angeles County Open Space Project Manager has made a field review of the area and concurs with staff that the Rivendale properties form the head waters of the South Fork of the Santa Clara River and qualify for specific project funding under Section 8.a2.LL. 1. It is recommended that the City Council authorize the acquisition of A.P.N. #2826-23-030 in the amount of $1,275,000, approve $25,000 for the costs of acquisition, and authorize the City Manager to sign all required documents to complete the acquisition. 2. Adopt Resolution #96-62 for the application to Los Angeles County Open Space District for Specific Project funding from Section 8.a.2.LL in the amount of $1,300,000. MpgUVSTI�! 1 A g e n d a Item. 3. Authorize the Director of Administrative Services to establish Revenue Account #28-3549 for the receipt of $1,300,000 Los Angeles County Open Space District fund reimbursement into the Public Financing Authority revenue account and appropriate $1,300,000 from the Public Financing Authority revenues into Budget Account #28- 99058-410 for parkland acquisition. Resolution Number: 96-62 Resolution Number: 95-29 Park Site Location Map JMI:cac SAPR\C0UNCIL\AGENDA66.JMI RESOLUTION NO. 96-62 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA APPROVING THE APPLICATION FOR GRANT FUNDS FROM THE COUNTY OF LOS ANGELES REGIONAL PARK AND OPEN SPACE DISTRICT SPECIFIED PROJECT GRANT PROGRAM FOR RIVENDALE WHEREAS, the people of the County of Los Angles on November 3, 1992, enacted Los Angeles County Proposition A, Safe Neighborhood Parks, GangPrevention, Tree -Planting, Senior and Youth Recreation, Beaches and Wildlife Protection (the Proposition), which provides funds to the County of Los Angeles and other public agencies in the County for the purposes of acquiring and/or developing facilities for public recreational facilities and open space; and WHEREAS, the Proposition also created the County of Los Angeles Regional Park and Open Space District (the District) to administer said funds; and WHEREAS, the District has set forth the necessary procedures governing local agency applications for grant funds under the Proposition; and WHEREAS, the District's procedures require the Applicant to certify, by resolution, the approval of the application(s) before submission of said application(s) to the District; and WHEREAS, said application(s) contains assurances that the Applicant must comply with; and WHEREAS, the Applicant will enter into an Agreement with the District to provide funds for acquisition or development of the Project(s); NOW, THEREFORE, BE IT RESOLVED that the Mayor and City Council of the City of Santa Clarita, California, hereby: 1. Approves the filing of the application with the County of Los Angeles Regional Park and Open Space District for funds under Section 8.a.2.LL of Proposition A for the above Project(s); and 2. Certifies that said Applicant understands the assurances and certifications in the application form; and 3. Certifies that said Applicant has, or will have, sufficient funds to operate and maintain the Project(s) in perpetuity; and 4. Appoints the City Manager as agent of the City of Santa Clarita to conduct all negotiations, and to execute and submit all documents including, but not limited to, applications, agreements, amendments, payment requests and so forth, which may be necessary for the completion of the aforementioined Project(s). PASSED, APPROVED AND ADOPTED this day of 1996. MAYOR ATTEST: CITY CLERK' STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) § CITY OF SANTA CLARITA I Donna M. Grindey, City Clerk of the City of Santa Clarita, do hereby certify that the foregoing Resolution was duly adopted by the City Council of the City of Santa Clarita at a regular meeting thereof, held on the day of AYES: COUNCILMEMBERS: NOES COUNCILMEMBERS: ABSENT: COUNCILMEMBERS: CITY CLERK p1=dev\res96-62.jmi ,904c. RUM /-17\ i3 60, BPYAd. 142'.,W'&. 0. ?Pt „Ardwe 142.69.f -4c. ar0/rl49e case 282 J NP ,—.see CA--Id;l A` �vNw .L M a /lam Atczu l s'tT► a 3936 5•T��41,�Or�' +'s .off `� � k 51Ar£ N,7/ 94D �- is9t9G• S"Ar6 : /91 Ac. j,� ��S/ 1z Z e R 5. 97-x9 9 10 16 15 8838 X RESOLUTION NO. 95-29 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA DESIGNATING THE SUBSTITUTION OF CAPITAL IMPROVEMENTS ON EXHIBIT D TO THE FISCAL AGENT AGREEMENT, BASE LEASE AND LEASE AGREEMENT IN CONNECTION WITH THE PREVIOUSLY ISSUED $22,940,000 CERTIFICATES OF PARTICIPATION. WHEREAS, the City of Santa Clarita, California (the "City), and the Redevelopment Agency of the City of Santa Clarita (the "Agency") previously provided funds to finance and/or refinance the acquisition, improvement, equipping and construction of certain projects by the execution and delivery of Certificates of Participation (Capital Improvement Projects) Evidencing A Proportionate Interest of the Owners Thereof In Lease Payments To Be Made By The City of Santa Clarita (Los Angeles County, California ) To The Redevelopment Agency of the City of Santa Clarita (the "Certificates"), dated October 1, 1991, in the principal amount of $22,940,000; and WHEREAS, in connection with the execution and delivery of the Certificates there were executed the Fiscal Agent Agreement dated as of October 1, 1991 (the "Fiscal Agent Agreement"), by and between the City and the Santa Clarita Public Finance Authority, the Base Lease dated as of October 1, 1991 (the 'Base Lease"), by and between the City and the Agency, and the Lease Agreement dated as of October 1, 1991 (the "Lease Agreement"), by and between the Agency and the City; and WHEREAS, Exhibit D to the Fiscal Agent Agreement, the Base Lease and the Lease Agreement describes the projects to be financed and/or refinanced with the proceeds of the Certificates, and further specifies the designation of substitute capital improvements by resolution of the City Council of the City; and WHEREAS, it is in the best interests of the City to designate the financing and/or refinancing of certain substitute capital improvements with the proceeds of the Certificates, pursuant to Exhibit D to the Fiscal Agent Agreement, the Base Lease and the Lease Agreement; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, DOES HEREBY RESOLVE, DETERMINE AND DECLARE AS FOLLOWS: Section 1. Recitals. The above recitals are all true and correct. Section 2. Findings and Determinations. The City Council hereby finds and determines that it is in the best interests of the City to designate the financing and/or refinancing of certain substitute capital improvements with the proceeds of the Certificates, pursuant to Exhibit D of the Fiscal Agent Agreement, the Base Lease and the Lease Agreement. Section 3. Substitute Proiects. The following capital improvement is hereby designated as a substitute Project, pursuant to Exhibit D to the Fiscal Agent Agreement, the Base Lease and the Lease Agreement: 1. Parkland Acquisition. Section 4. Effectiveness. This Resolution shall take effect immediately upon its adoption. PASSED AND ADOPTED by the City Council of the City of Santa Clarita at a regular meeting held on the l lthday of Apr; l • 1995. CITY OF SANTA CLARITA, CALIFORNIA ATTEST: