HomeMy WebLinkAbout2005-04-12 - AGENDA REPORTS - PURCHASE DEFAULTED PROPERTY (2)Agenda Item:
CITY OF SANTA CLARITA
AGENDA REPORT
CONSENT CALENDAR City Manager Approval:
Item to be presented by: Christopher Price
DATE: April 12, 2005
SUBJECT: CHAPTER 8 AGREEMENT NO. 2478 TO PURCHASE
LOS ANGELES COUNTY TAX -DEFAULTED PROPERTY,
APN NO. 2842-033-020 - TRACT 48892, SIERRA HIGHWAY
ROAD WIDENING
DEPARTMENT: Building and Engineering
RECOMMENDED ACTION
City Council approve Chapter 8 Agreement No. 2478 to purchase Los Angeles County
Tax -Defaulted Property, APN No. 2842-033-020, subject to City Attorney approval; appropriate
funds in the amount of $1417.00 from the Eastside Bridge & Thoroughfare Account
No. 302-6193 to expenditure Account No. 4362-8620 for the property purchase and additional
fees necessary to facilitate the publication and transfer fees; and authorize the City Manager or
designee to execute all documents, subject to City Attorney approval.
BACKGROUND
On November 8, 2000, the City Council approved Resolution No. 00-151 (Master Case
No. 97-143) and Conditions of Approval for Tract 48892. The Conditions of Approval required
the developer to widen a portion of northbound Sierra Highway to accommodate a right -turn
pocket onto Golden Valley Road. A total of eleven parcels are affected by the road widening.
Pursuant to the provisions of Chapter 8 of the Los Angeles County Revenue and Taxation Code,
governing agencies may enjoy priority to purchase tax -defaulted properties for public use
purposes prior to, or while, the properties are publicly auctioned by the County. As the developer
does not have the privilege, the City desires to purchase this property to enable the road widening
to proceed.
Four of the eleven affected parcels were previously purchased by the City via the Chapter 8
process. This is the last parcel necessary for the improvement that is subject to tax default and
available for the City to acquire through a Chapter 8 Purchase Agreement.
APPROVED
In order to acquire this parcel via the Chapter 8 process, the City must sign the Agreement to
Purchase Los Angeles County Tax -Defaulted Property (Exhibit A), pay the purchase price listed
for the parcel in the Agreement ($917.00), and pay title and transfer fees of approximately
$500.00, totaling $1417.00 to acquire the parcel.
ALTERNATIVE ACTIONS
Other action as determined by the City Council.
FISCAL IMPACT
The current balance of the Eastside Bridge & Thoroughfare Account No. 302-6193 is
approximately $1,879,130.00. Should the City Council approve the Agreement to purchase this
parcel, the Eastside Bridge & Thoroughfare District will retain a remaining balance of
$1,877,713.00. This amount is sufficient for the anticipated future needs identified for funding
via the Eastside Bridge & Thoroughfare District.
ATTACHMENTS
Agreement to Purchase LA County Tax -Defaulted Property