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HomeMy WebLinkAbout2005-05-24 - AGENDA REPORTS - SOLEDADCYN EXCESS ROW SALE (2)CONSENT CALENDAR DATE: EV)31:141A DEPARTMENT: Agenda Item: _ 57 CITY OF SANTA CLARITA AGENDA REPORT City Manager Approval: AA -1W (/ Item to be presented by: Robert Newman May 24, 2005 SALE OF EXCESS RIGHT-OF-WAY, USELESS REMNANT PORTION OF SOLEDAD CANYON ROAD. Building and Engineering RECOMMENDED ACTION City Council authorize the City Manager or designee to execute all required documents necessary to transfer 19,280 square feet of right-of-way, a portion of Soledad Canyon Road deemed a useless remnant, to the adjacent property owner, subject to City Attorney approval. BACKGROUND Soledad Canyon Road right-of-way was originally established by Los Angeles County. A section of 19,280 square feet, located approximately 450 feet east of Sand Canyon Road was never utilized as roadway. Presently a steep slope, any site specific improvements would require setbacks and additional dedications to the City, further reduces the site utility. This portion of excess right-of-way is considered a useless remnant. The adjacent property owner can effectively utilize this remnant in conjunction with the proposed improvements for Tract Map No. 53074. A portion of the parcel would be required for road improvements; a dedication of 5,861 square feet to the City, resulting in a net gain of 13,419 square feet to the proposed tract map. An independent appraisal has determined the fair -market value of the net property area of 13,419 square feet to be $207,000.00. The adjacent property owner and developer of Tract Map No. 53074 has agreed to reimburse the City for all costs associated with the transfer and pay the fair -market value. With the impending development of the adjacent property, it is now appropriate to sell this useless remnant of excess right-of-way. APPROVED ALTERNATIVE ACTIONS Other action as determined by the City Council. FISCAL IMPACT Funds received from the transfer of this property will be recorded to the General Fund revenue Account No. 001-6714. The developer has agreed to reimburse the City for all costs associated with the transfer and pay the fair -market value. ATTACHMENTS Aerial Map