HomeMy WebLinkAboutAgenda Statement 1973/10/16 Item 07AGENDA ITEM X10. [ ~ ]
~~ CHULA VISTA CITY COUNCIL MEETING OF: October 16, 1973
ITEM TITLE: Resolution - Approving Amendment to the Agreement with State
of California for Acquisition of Right of Way and Utility
Relocation for I-5/54 Interchange and Tidelands Avenue
Interconnect
INITIATED BY: Director of Public Works/City EngineerC~'"
BACKGROUND
The City Council, by Resolution No. 6401, on April 18, 1972 approved an
agreement with the State of California for the acquisition of right of
way and utility relocation for I-5/54 Interchange and Tidelands Avenue
Interconnect. In that agreement the City agreed to pay right of way
costs, including severance and incidentals, and to deposit $100,000 as
the City's estimated share of the cost.
The State's original estimate of $100,000 was done without making complete,
in-depth appraisals. Later, in the detailed studies undertaken as part
of the regular appraisal process, severance damages were found to exist
in some cases. This, together with later market data resulted in
valuation conclusions at variance with the earlier $100tD00 estimate.
Based on the completed appraisals by the State, the revised estimate
of the City's -share is now $200,000. The appraised value is based on
the land having a value of $17,700 per acre.
The amendment to the agreement is now ready for Council consideration
and approval. It provides for the following:
1. That provision Igo. 5 of the original agreement is amended to
provide that the estimated ""project rights of way cost" shall
be $200,000 in lieu of the $100,000.
2. The deposit by City of the additional amount of $100,000 shall
not be required prior to July 1, 1974; however, payment to
(Continued on Supplemental Shepei ~
ATTACHED: Resolution [X] Ordinance [ ] Agreement [X] [ ]
See EXHIBITS [X] No. 1,2
Financial Statement:
The necessary funds for City participation are proposed to be provided
as follows: $100,000 - FY 1974-75 Budget, Gas Tax Project 148-2.
Commission-Board Recommendation:
N.A.
Department Head Recommendation:
Approval of agreement.
City Manager Recommendation:
Concur
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