HomeMy WebLinkAboutItem 3o: Agreement of Purchase and Sale of Property with KARE Youth LeagueSUMMARY
BACKGROUND
STAFF REPORT
Development Services Department
DATE: June 15, 2010
TO: Mayor and City Council
FROM: Jason Kruckeberg, Assistant City Manager /Development Services Director f1<
Philip A. Wray, Deputy Director of Development Services /City Engineer
SUBJECT: AUTHORIZE THE CITY MANAGER TO ENTER INTO AN AGREEMENT
OF PURCHASE AND SALE OF PROPERTY WITH KARE YOUTH
LEAGUE
Recommendation: Approve
The City of Arcadia owns a strip of land south of the Arcadia Par -3 Golf Course in the
Peck Road Spreading Basin. In 1975, the City granted the entire parcel to the Los
Angeles County Flood Control District for flood control purposes to complement the
development of the Peck Road Spreading Basin.
The parcel of land is no longer necessary for flood control purposes and the City has
requested the County to quitclaim the property back to the City. The County processed
the request and the Board recently took formal quitclaim action.
The parcel abuts the land owned by the KARE Youth League (KARE). A representative
of KARE approached the City with a request to purchase the strip of land from the City.
The parcel was appraised at $11,797.20. KARE has agreed to pay the appraised value
for the land and has also agreed to pay the sale costs.
Staff recommends that the City Council authorize the City Manager to enter into a Sales
and Purchase Agreement with KARE Youth League for the parcel.
The City of Arcadia owns a strip of land south of the Arcadia Par -3 Golf Course that is
bounded by the KARE Youth League facility on the northwest and the Peck Road
Spreading Basin on the southeast. The parcel is approximately 300 feet long by an
average of 20 feet wide, with a total area of 6,554 square feet and is generally
unbuildable. In 1975, the City granted the entire parcel to the Los Angeles County
Flood Control District for flood control purposes to complement the development of the
Peck Road Spreading Basin.
Staff Report
June 15, 2010
Page Two
Over the years, improvements have been made to the basin, such as the bicycle and
recreation trail that borders the basin. Recently, it has come to the City's attention that
the parcel of land in question is no longer necessary for flood control purposes and is
now physically separated from the flood basin by the County recreational trail. The City
made a request to the County for the County to quitclaim the property back to the City.
The County processed the request and the Board recently took formal quitclaim action.
Concurrent with the City's request to the County, KARE approached the City with a
request to purchase the strip of land from the City. KARE also approached the County
with a request to purchase a parcel of land owned by the County adjacent to the City's
parcel in the unincorporated County area. The County parcel is very similar to the City's
in use and shape, and is approximately 11,000 square feet.
The County appraised its parcel using comparisons of residential property in the area
with an adjustment to 10% of the value based on the unbuildable configuration and
location. Using the County's appraisal approach, the City's parcel has a value of
$11,797.20.
DISCUSSION
The City's parcel has no value on the open market as a stand -alone developable parcel
and cannot be combined with any other contiguous land except that owned by the
KARE Youth League to have any value and use. KARE has agreed to pay the
appraised value for the land and has also agreed to pay the sale costs such as
attorney's fees and title insurance.
A Sales and Purchase Agreement has been prepared by the City Attorney and
approved by KARE. Once the final County quitclaim document has been recorded, the
City may proceed with the sale.
FISCAL IMPACT
There is a positive fiscal impact of $11,797.20 to the City. KARE will pay the City the
appraised value of the property and all sales costs including the title insurance and
attorney's fees. There is no negative fiscal impact.
RECOMMENDATION
It is recommended that the City Council authorize the City Manager to execute an
Agreement of Purchase and Sale of Property with KARE Youth League.
Approved by:
J K: PAW: pa
Donald Penman, City Manager