HomeMy WebLinkAboutReg 2007-05-21 Item 7C - Purchase - Land Acquisition for 57th Ave Mini Park Extension COUNCIL AGENDA SYNOPSIS
44 rr''• :y Initials ITEM NO.
6 r l h Meeting Date 1 Prepared by 1 Mayor's review 1 Council review
a..l: I 05/14/07 BF 1
05/21/07 BF U
1908 I I t� //•f
ITEM INFORMATION
CAS NUMBER: 07-054 I ORIGLNAL AGENDA DATE: 05/14/07
AGEND ITEM TITLE 57 Park Extension Acquisition
CATEGORY Discussion Motion Resolution Ordinance Bid Award Public Hearing Other
Mtg Date 5/14/07 1Mtg Date 05/21/07 Mtg Date Altg Date Nits Date Mtg Date Mtg Date
SPONSOR Council Mayor
Adm Svcs DCD Finance Fire Legal P&R Police PI'
SPONSOR'S The 2007 CIP project includes the acquisition of the 57 mini -park extension. The
SUMMARY land value has increased over time and has a new sewer system. The Parks
Recreation Director recommends this purchase but is under funded by $117,500.
REVIEWED BY COW Ivltg. CA &P Cmte F &S Cmte Transportation Cmte
Utilities Cmte Arts Comm. Parks Comm. Planning Comm.
DATE: 04/24/07
RECOMMENDATIONS:
SPONSOR /ADMLtiT. Recommends the purchase if funds can be located.
CoM MITTEE Forward to Committee of the Whole for consideration
COST IMPACT FUND SOURCE I
EXPENDITURE REQUIRED AMOUNT BUDGETED APPROPRIATION REQUIRED
$192,500 $75,000 $117,500
Fund Source: 301/00.594.760. .72
Comments: Finance Director has identified a possible funding source from the real estate transfer
tax (the first 1/4 cent from the tax is dedicated to park land acquisition).
I MTG. DATE I RECORD OF COUNCIL ACTION
5/14/07 Forward to next Regular Meeting
MTG. DATE I ATTACHMENTS
05/14/07 I Information Memo from Bruce Fletcher dated 5/8/07
Summary Appraisal Report
Community Affairs and Parks Committee minutes of 4/24/07
05/21/07 I No attachments