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HomeMy WebLinkAboutAgenda Statement 1988/05/24 Item 10COUNCIL AGENDA STATEMENT Item 10 • Meeting of 5/24/88 Title: Resolution,~~j~~~ approving an amendment to a Lien Agreement with John & Teresa Imgson and Jo Ann Phillips at 224 Palm Avenue Submitted by: Director of Public Works Reviewed by: City Manager ~j~ ~ ~ (4/5 Vote: Yes_~ No X_) Mr. and Mrs. John Impso//n have requested that the City amend the agreement in which they allowed the City to place a lien on their property in lieu of posting a cash bond to guarantee the deferral of public improvements along their property at 224 Palm Avenue. Since the agreement was part of Council Resolution No. 13049, the Council must approve any amendment to that agreement. Recommendation: That Council adopt a resolution approving the subject amendment and direct the City Clerk to forward the amendment to the County Recorder. .Boards/Commissions Recommendation: Not applicable Discussion: Approximately a year ago, John & Teresa Impson and Jo Ann Phillips applied for a deferral of the requirement to install public improvements along the frontage of their property at 224 Palm Avenue. The request was granted by the City Engineer. The owners then requested that they be allowed to enter into a lien agreement with the City to guarantee the future construction of said improvements in lieu of posting a cash bond. At its meeting on June 2, 1987, Council adopted Resolution No. 13049 approving the lien agreement. The property on which the lien and was co-owned by the three however, the property has been Impsons receiving three of the the one remaining. was placed consisted of 0.97 acres parties at that time. Since then, divided into four parcels with the parcels and Ms. Phillips receiving The Impsons now desire to sell Parcel 1 of Parcel Map No. 14188 (Assessors Parcel No. 624-054-89) but cannot do so until the lien is lifted from that property. They have requested an amendment to the lien agreement in which the lien is lifted on Parcel 1, but is left on Parcels 2, 3 and 4 (Assessors Parcel Nos. 624-G54-90, -91 and -92). The area of these remaining parcels totals approximately • / .- ., Page 2 Item___ 10 ______ Meeting of 5/24/88 • 34,580 square feet, or 0.8 acres. The amount of the lien is $11,333.00. According to the County Assessors records the assessed valuation of the property before subdividing (including improvements on the land) was $99,739• Staff feels that the Impsons request is reasonable and that the amendment to the agreement will not jeopardize the City's ability to have the deferred improvements constructed at a later date. FISCAL IMPACT: None JWH/PD020 • Dated ...;