HomeMy WebLinkAboutJ-2 - Sale of Property Located at 323 Marine Avenue, Old Balboa Island Fire SatationTo: City Council
From:
Subject:
Fire Department
BY THE CITY COUNCIL
CITY OF NEWPORT BEACH
E
91992
APPROVED
March 9, 1992
CITY COUNCIL AGENDA
ITEM NO. J - 2
Sale of City Property located at 323 Marine Avenue, Old Balboa Island Fire
Station
RECOMMENDATIG
Instruct staff to proceed with the sale of the existing Balboa Island Fire
Station site.
2. Utilize the proceeds from the sale of the property to offset the cost to
construct the new fire station at 124 Marine Avenue.
DISCUSSION:
The existing fire station located at 323 Marine Avenue is scheduled to be replaced during Fiscal
Year 1992/93. Constructed of unreinforced masonry in 1931, the existing building has been
declared seismically unsafe and would be required to be reinforced by January, 1994 to meet
State of California standards for public buildings. Staff feels that the size and condition of this
structure does not warrant the expense to reinforce it. Construction of the new fire station is
scheduled to begin in the fall of 1992. The cost of this new public facility is currently estimated
at $1,125,000.00.
Staff would invite interested parties to submit sealed bids with a minimum bid of the appraised
value of the property. The existing fire station site was appraised in January, 1991 at
$360,000.00. Additionally, the City would be provided the option to lease the existing fire
station site from the new property owner on a month -to -month basis. This would allow us the
flexibility to maintain our present level of service on the Island while realizing the revenue from
the sale of the property. Ideally, we would time the close of escrow in the best interest of the
City to minimize our lease costs.
A proposal to improve the existing site as a mini park with public restrooms was studied in July,
1990. At that time, it was estimated that the cost to demolish the existing structure and construct
a mini park was $175,000.00. Including the loss of revenue from the sale of the property, this
would mean a net cost to the City of $535,000.00 for the construction of a mini park and public
restrooms. Annual maintenance costs are estimated at $8,750.00. This includes the cost to
maintain the mini park as well as clean and service the public restrooms once daily eight months
of the year and twice daily during the remaining four months of the year.
Timoth Rile
Fire Chief