HomeMy WebLinkAboutG-4 - Purchase of Lot in Buck Gullyi3S.6'
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APR 14 1975
By the CITY COUNCIL CITY OF NEWPORT BEACH
CITY OF EVAd+ ?ORT OFFICE OF THE CITY MANAGER
April 14, 1975
COUNCIL AGENDA ITEM NO. G-4
TO: MAYOR AND CITY COUNCIL
FROM: City Manager
SUBJECT: PURCHASE OF LOT IN BUCK GULLY
During May of 1972 the City noted a lot under private owner-
ship in Buck Gully which, theoretically, could be developed. The lot
is adjacent to the "paper street" Ocean Boulevard Glen Drive and con-
tains approximately 5,500 sq. ft.
In an effort to remove a potential problem should an owner
wish to develop this property, the City made an offer of $300.00 net
to the owner. Two years later, on March 12, 1975, the owner of the
property accepted the offer of the City. The lot, therefore, can be
purchased for $303.60. It is recommended that the City make payment
of the above amount and acquire Lot 73, Block A, Tract 673, located in
Buck Gully.
Attached you will find a copy of the subdivision map showing
the subject lot.
ROBERT L. WYNN
Attachment
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