HomeMy WebLinkAboutRDA 2 LIBRARY EXPAN. 10-06-03AGENDA REPORT
Agenda Item
Reviewed:
City Manager
Finance Director
MEETING DATE: OCTOBER 6, 2003
TO:
FROM:
SUBJECT:
WILLIAM A. HUSTON, EXECUTIVE DIRECTOR
REDEVELOPMENT AGENCY STAFF
ADDITIONAL APPROPRIATION FOR PROPERTY ACQUISITION FOR
THE TUSTIN LIBRARY EXPANSION PROJECT.
SUMMARY
The Agency is requested to modify its appropriation for certain property acquisitions for the
Tustin Library Project based on an updated appraisal.
RECOMMENDATION
It is recommended that the Tustin Community Red
$214,000 from the Town Center Set-Aside Fund
$1,300,000.
FISCAL IMPACT
Certain expenses associated with the Tustin Libn
the Tustin Town Center Redevelopment Agency E
appropriation by the Agency of an additional $21.
($1,086,000) by the Agency on September 2, 200
Account), plus costs for special legal counsel
appropriation would be $1,300,000.
BACKGROUND
On September 2, 2003 the Agency approved an
properties for the Tustin Library Expansion Proj
authorized and directed the City Attorney ar
condemnation the following properties:
~velopment Agency appropriate an additional
;IP Number 1045) for a total appropriation of
~ry Expansion Project have been included in
udget, an updated appraisal necessitates an
~,,000 to the amount previously appropriated
3, (from the Town Center Housing Set Aside
)r the eminent domain process. The total
tppropriation for the acquisition of the certain
ct. At that meeting the Agency specifically
~d Special Legal Counsel to acquire by
William A. Huston
Library Expansion - Additional Appropriation
October 6, 2003
Page 2
Assessor Parcel
Number (APN)
Owner
401-593-03
401-593-02
401-593-01
Lc
Walter & Marilyn Emery
Walter & Marilyn Emery 3;
Walter & Marilyn Emery 2~
The Agency at the September 2, 2003 meeting a
the above Emery properties. An updated apprais
that the Agency amend this appropriation by $214,
Asslst~t C'ity ~ag~ag~'/-
rda report\Libraryexpansion 10-06-03.doc
cation
Current
Land Use
0-334 S. Preble Dr.
0-324 S. Preble Dr.
0-284 E. Third St.
Residential Triplex
Residential Care Facility
Residential Care Facility
ppropriated $1,086,000 for the acquisition of
al for the Emery properties now necessitates
O00 for a total appropriation of $1,300,000.
/elopment Program Manager