HomeMy WebLinkAboutG-6 - Correspondence - Resolution of Condemnation For Property Needed for the Widening of Balboa BoulevardOctober 9, 1973
CITY COUNCIL AGENDA
ITEM NO. G-6
TO: CITY COUNCIL
FROM: Public Works Department
SUBJECT: RESOLUTION OF CONDEMNATION FOR PROPERTY NEEDED FOR THE WIDENING
OF BALBOA BOULEVARD BETWEEN 44TH STREET AND PACIFIC COAST HIGHWAY
RECOMMENDATIONS:
1. Adopt a resolution of condemnation authorizing legal action
to acquire two parcels (Parcels 1 & 14) as shown on Right
of Way Map - Balboa Boulevard -Coast Highway to 44th Street
from Beeco, Ltd.
2. Authorize the purchase of Parcels 1 & 14 at the appraised
fair market value.
DISCUSSION:
Attached is a copy of the Balboa Boulevard right of way map.
Parcels which have been previously acquired are shown in red. Parcels 1 & 14
have not yet been acquired, and the fee ownership is by Beeco Ltd. Parcel 1
has several leases and subleases. Parcel 14 is leased by the Lido Sands
Community Association.
An appraisal on Parcel 1 has been completed by George Hamilton
Jones, MAI. He has determined that the value of Parcel 1 including sever-
ance damages is $50,000. Beeco Ltd. has been offered this amount for the
purchase of Parcel 1. Due to the number of parties involved in this trans-
action through the various leases, a resolution of condemnation has been
requested to establish the City's position. If the property cannot be
finally obtained through negotiation, legal action will be taken to acquire
the property.
Parcel 14 is a three foot wide strip of land 63 feet long. This
parcel is needed to provide for maintenance parking of a City vehicle while
working on the sewage pump station in the parkway. This parcel is outside
of the Lido Sands fence and will not require the relocation of any of their
facilities. Based on figures derived in the appraisal of Parcel 1, the
value of this parcel has been estimated to be $1045.
The construction of the widening of Balboa Boulevard from 44th
Street to Coast Highway can begin in late December, 1973 or early January,
1974 if the City is successful in obtaining a Coastal Zone Permit. A hear-
ing on this project has been scheduled by the South Coast Coastal Zone
Commission in late November.
oseph
ublic
DLW:hh
Att.
vlin
s Director
1
PARCELS TO BE ACQUIRED
l PARCELS ACQUIRED
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