HomeMy WebLinkAbout2003-10-14 - AGENDA REPORTS - ACQUISITION OPEN SPACE (2)Agenda Item:__
CITY OF SANTA CLARITA
AGENDA REPORT
UNFINISHED BUSINESS City Manager Approval:
Item to be presented by: Jeffrey Lambert
DATE: October 14, 2003
SUBJECT: ACQUISITION OF 412 ACRES OF OPEN SPACE
DEPARTMENT: Planning and Building Services
RECOMMENDED ACTION
1. City Council authorize the City Manager to sign all required documentation to authorize the
acquisition of 412 acres of open space located outside of the City's eastern boundary
(Assessor's Parcel Numbers: 3211-016-034; 3210-014-029, 031,032), subject to review by
the City Attorney.
2. Appropriate $1,265,000 from the Public Facilities Replacement Fund fund balance to account
604-9501, increase estimated revenues in account 001-6810, and appropriate $1,265,000 to
account 2100-8620 for the purchase.
BACKGROUND
On July 7, 2003 the City entered into negotiations to purchase 412 acres of open space located
outside of the City's eastern boundary (Assessor's Parcel Numbers: 3211-016-034; 3210-014-029,
031, 032). The proposed acquisition will assist in creating a "green belt" along the eastern side
of the City. The cost of acquisition will total approximately $1,265,000 including title insurance,
escrow fees, future due diligence need, and applicable deliquent property taxes.
ALTERNATIVE ACTIONS
1. City Council may direct staff to cease the acquisition effort.
2. Other actions as determined by the City Council.
pp 10 E0
FISCAL IMPACT
The Public Facilities Replacement Fund has an available fund balance of $5,279,484. Approval
of this action will leave a remaining balance of $4,014,484.
ATTACHEMENTS
Aerial Map