HomeMy WebLinkAbout2005-01-25 - AGENDA REPORTS - ACQUISITION 24513 SAN FERNANDO (2)Agenda Item:
CITY OF SANTA CLARITA
JOINT CITY COUNCIL/REDEVELOPMENT AGENCY
CONSENT CALENDAR
DATE:
SUBJECT:
DEPARTMENT:
AGENDA REPORT
City Manager Approval:
Item to be presented by:
January 25, 2005
ACQUISITION OF 24513 SAN FERNANDO ROAD, SANTA
CLARITA, CA 91321 - APN #2831-006-008
Planning and Economic Development
RECOMMENDED ACTION
1) City Council authorize the City Manager or designee to sign all required documentation to
complete the acquisition of 24513 San Fernando Road, Santa Clarita, CA 91321 (Assessor
Parcel #2831-006-008), subject to review by the City Attorney.
2) Redevelopment Agency adopt a resolution, accepting a loan of $845,000 from the City of
Santa Clarita General Fund, and approve promissory note to City of Santa Clarita.
3) City Council adopt resolution, approving a loan of $845,000 from the General Fund, Newhall
Redevelopment Reserve to the Redevelopment Agency.
4) City Council appropriate $845,000 to account 3610-8620 from the Newhall Redevelopment
Reserve.
BACKGROUND
On December 11, 2004, the City entered into negotiations to purchase 24513 San Fernando
Road, Santa Clarita, CA. The proposed acquisition will assist in implementing the re -design of
San Fernando Road and the public enhancement of downtown Newhall under the guidelines of
the proposed Specific Plan and existing Special Standards District. A map showing the property
site, as well as the specific plan detailing the re -design of San Fernando Road, are attached.
Adopted: L>o. os
The purchase price of the property is $840,000.00. An additional $5,000.00 is needed for title
research and issuance of a policy for title insurance.
ALTERNATIVE ACTIONS
1) City Council may direct staff to cease the acquisition effort.
2) Other actions as determined by the City Council.
FISCAL IMPACT
During the midyear budget process, the City Council approved establishing a Newhall
Redevelopment Reserve in the amount of $2,476,500 in the General Fund. Approval of this
action will leave a balance of $1,631,500 in the Reserve.
ATTACHMENTS
Map of Subject Property
San Fernando Road Realignment Diagram
Resolution of the City of Santa Clarita Redevelopment Agency Accepting a Loan from the City
of Santa Clarita
Resolution of the City of Santa Clarita Authorizing a Loan to the Santa Clarita Redevelopment
Agency
Attachment A - Promissory Note
San Fernand® Road Realignment