HomeMy WebLinkAboutJ-2 - Acquisition of the Southwesterly 7.15 Feet of 205 39th StreetrJ
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TO: 7 YCiT_Y (ZIGUNMUNCIL
�•..T REACH
FROM: Public Works Department
July 1.4, 1981.
CITY COUNCIL AGENDA
ITEM NO. ;T-- --A--
SUBJECT: -ACQUISITION OF THE SOUTHWESTERLY 7.15 FEET OF 205 39TH STREET.
RECOMMENDATION:
1. Authorize the purchase of the southwesterly 7.15 feet of
205 39th Street,.including a 12-foot radius corner cutoff.
(The southwesterly 7.15 feet of the northeasterly one-half
of Lot 13, Block 139, Canal Section, Newport Beach, plus
a 12-foot radius corner cutoff on the southerly corner.)
2. Adopt a resolution accepting a grant deed from Kirk S. Lamb
for a portion of 205 39th Street (the southwesterly 7.15
feet of the northeasterly one-half of Lot 13, Block 139,
Canal Section, Newport Beach, plus a 12-foot radius corner
cutoff on the southerly corner).
DISCUSSION:
On March 23, 1981, the Council authorized the appraisal of the
southwesterly 7.15 feet and a 12-foot radius corner°cutoff for a total of
719.93 square feet of 205 39th Street, owned by Kirk S. Lamb. Attached is
the letter from Mr. Lamb requesting that the City purchase the property.
Mr. Phillip S. Jackson, MAI, was retained to appraise the property.
He concluded that the.fair market value of the parcel as of April 1, 1981,
was $42,433. Based on annual increase in property -values of approximately 15%,
or 3.7% for 3 months, this value has increased to $44,000 as of July 1, 1981.
Mr. Lamb has been offered $44,000, subject to the approval of the purchase by
the City Council
The location of this lot, as well as other lots owned by the City
along Balboa Boulevard, is shown on the attached Exhibit A,and the attached
Exhibit B shows the strip of land to be purchased.
In September of 1970, the City purchased the lot between Mr. Lamb's.
property and Balboa Boulevard. This lot was 17.85 feet wide. The proposed
widening of Balboa Boulevard would add 25 feet to the right-of-way width. To
maintain this width requires that 7.15 feet of Mr. Lamb's property be acquired.
The City presently owns a 25-foot-wide lot across 39th Street from Mr. Lamb's
property, and a 32..14-foot-wide lot .behind his property.
The area to be acquired currently has a portion of a one -bedroom
house on it. If it is occupied by the same tenant at the time the City re-
quires the house to be torn down for the widening, the tenant may be eligible
for relocation assistance.
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July 14, 1981
Subject: Acquisition of the Southwesterly 7.15 Feet on 205 39th Street
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Funds for the purchase of this parcel will come from the Gas Tax Fund
in Account Number 183390007, which is budgeted for the acquisition of right-of-
way for street widening projects.
Benjamin B. Nolan
Public Works Director
DW:jd
Att.
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5 March, 1931
To: City Council, City of .Newport Beach
Re: 205 and 2053-, 39th Street. Lot 12 and �. of Lot 13
Dear City Council:
I am the owner of this l and )� R2 lot and have sold it to a builder.
(escrow copy enclosed.) When I wanted to build in (1970), I was told
that the city intended to widen Balboa Blvd. and would take about 7 feet
or 719.93 sq. ft. (a little over 4 of the entire lot). I have been
waiting since 1970 for the city to purchase this (see copies of 1970 letters).
If the city still wants this land, the cost should be $60,445.32, calculated
thusly:
Lot sale at $.335,000: Lot size: 95x42 =3,990 s.q.ft.=$.83.96 per sq.ft.
The s.q. ft. desired by the city is 719.93 (per letter of 4/27/70)
This is a very fair price for the land only. Even though this 7 ft. plus
acquisition will result in the demolition of a l bedroom house, the builder
intends to tear everything down anyway. So the city only need pay for the
land cost and not the loss of a house and/or income from the house..
I hope my buyer will accept the reduction in lot size (with a reduction in
price, o: course). I cannot guarantee this however, as he will have to
draw a set of plans.
Thant y for your time and please keep vie i nforrned as to your course
of action.
Re pectf lly.;submf .teed,
Ark S. Lamb
1827 Westcl iff Drive
Newport Beach, California 92663
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�..R� EAST (SUMMERS) PROPERTY
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LAMB PROPERTY
205.39th STREET
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