HomeMy WebLinkAboutAgenda Statement 1986/05/13 Item 25 COUNCIL AGENDA STATEMENT
Item 25
Meeting Date 5/13/86
ITEM TITLE• Resolution / . 7/, Authorizing a contract with Gerald S.
Kibbey & Associates for the appraisal of 228, 232, 281 and 287
Church Avenue and appropriating funds therefore
SUBMITTED BY: Community Development Director
Director of Finance
REVIEWED BY: City Manager 97r
(4/5ths Vote: Yes No X )
The Town Centre Project Area Committee (PAC) has established a priority for
the acquisition of additional sites in the downtown area for off-street
parking. Four sites have been identified for potential purchase the of Church
Avenue. Two of these are contiguous vacant land parcels,
contain single family residences. The project Area Committee has requested
Council concurrence in the authorization of appraisals for these properties at
this time.
RECOMMENDATION: That to undertake adopt the the subject Gerald
ect propertiesfo
S. Kibbey & Associates
the sum of $3,000.
BOARDS/COMMISSIONS RECOMMENDATION: The Town Centre Project Area Committee,
at their meeting of April 17, 1986, requested Council concurrence for the
appraisal of the subject properties.
DISCUSSION:
The Town Centre Project Area Committee has determined theeracquisition stpaof
additional sites in the downtown area is a top priority keep
with increasing parking demand. Four sites were identified for immediate
action. Two of these sites, located at 228 and 232 Church Avenue, are vacant
land parcels. The parcel located at 228 Church is paved and currently serves
as private parking for the office located at 227 Third Avenue. The remaining
parcels, located at 281 and 287 Church Avenue, contain tenant occupied single
family dwelling units.
Staff has been in contact with the owners of these parcels to ascertain their
st in
willingness to sell . The
stipulated fprice. Church
owners of r232eand 287 eChurch
selling to the City at a p ulated
Avenue wish to maintain ownership of these properties, but might be willing to
sell the properties if the City' s offer is attractive. The owner of 281
Church Avenue could not be reached to ascertain her willingness to sell .
r
Page 2, Item 25
Meeting Date 5/13/86
Possible funding sources for acquisition of these properties include Parking
District funds from meter revenues and in lieu parking fees and Redevelopment
funds. In order to obtain a balanced estimate of property values in the
downtown area, staff is using a rotating list of qualified MAI appraisers. An
estimate for the subject appraisals of $3,000 was received from Gerald S.
Kibbey & Associates. This estimate is in line with other appraisal estimates
recently received by the Redevelopment Agency.
FISCAL IMPACT: The appraisal is estimated to cost $3,000. Funds are
available and will be appropriated from the unappropriated reserve of the
Parking Meter fund.
WPC 2235H
by rite Council of
Chula Vista, C:. ;forma
Dated
1)c)al iii /y
/ 1f
Form No. F-229
12/73
CERTIFICATE OF CITY/DIRECTOR OF FINANCE
Certification of Unappropriated Balance
I HEREBY CERTIFY that the money required for the
appropriation of funds for the purpose set forth in the attached
resolution is available in the Treasury, or is anticipated to
come into the Treasury, and is otherwise unappropriated.
Amount $ 3,000 Fund PARKING METER FUND
Purpose CONTRACT FOR THE APPRAISAL OF 228, 232, 281 AND 287 CHURCH AVENUE
Bidder GERALD S. KIBBEY & ASSOCIATES
): ACCOUNT NO. 230-2300-5201
Director f Finance
The City of Chula Vista
Date
5/13/86 By COMMUNITY DEVELOPMENT/FINANCE
g6 / P
Certification of Unencumbered Balance
I HEREBY CERTIFY that the indebtedness and obligation
to be incurred by the contract or agreement authorized by the
attached resolution can be incurred without the violation of any
of the provisions of the Charter of the City of Chula Vista, or
the Constitution or the laws of the State of California, that
sufficient monies have been appropriated for the purpose of said
contract, that sufficient monies to meet the obligations of the
contract are actually in the Treasury, or are anticipated to come
into the Treasury to the credit of the appropriation from which
the same are to be drawn, and that said monies now actually in
the Treasury, together with the monies anticipated to come into
the Treasury, to the credit of said appropriation are otherwise
unencumbered.
Amount Not to Exceed $
Director of Finance
The City of Chula Vista
Date By
Fund Dept./Activity
Purpose
Bidder
Certificate No. 54