HomeMy WebLinkAboutD-3 - Irvine Terrace ParkCITY OF NEWPORT BEACH
1978 'ARKS, BEACHES & RECREATION COMMISSION
MAY 2 �/ 1978
By the CITY COUNCIL By the t;, d t;�v,v"
CITY OF "I"�I ����- May 8, 1978
C9'Y Or- NZNPORT
TO: MAYOR & CITY COUNCIL
FROM: PB & R Commission
SUBJECT: IRVINE TERRACE PARK
RECOMMENDATIONS:
1. In accordance with the Municipal Park Abandonment Law,
make the following findings:
a. That a portion of Irvine Terrace Park, as shown
on the attached photo, has not been used by the
public;
b. That no public funds have been used to improve
said portion of the Park;
c. That the land is no longer required for public
park purposes.
2. Direct the staff to prepare a resolution of intent to
abandon the described property.
3. Set a Public Hearing, 30 days after adopting the above
resolution, to hear any objections to the proposed
abandonment.
4. In accordance with a letter from the Irvine Terrace
Community Association, dated 5-22-76, give consideration
to using money derived from any sales for improvements
in the Irvine Terrace area.
nTWIISSTnN:
On October 28, 1975, the City Council
The Irvine Company and four residents
of Irvine Terrace Park to the adjacent
✓� i � Cam-,
authorized the staff to work out details with
of Irvine Terrace for the sale of a portion
property owners.
On December 8, 1975, the Council authorized the City Manager to have the parcel of
nark appraised in order to establish a fair market price for the sale. To date,
only one property owner, Lot 89, has committed himself to the purchase, but it is
anticipated that others will show a desire in the near future. If the sale is
completed, it will involve 3,570 square feet at $2.80 a square foot for a total of
$10,000 paid to the City over a five-year period at 6% interest.
Inasmuch as the land values and interest rates have increased since the offer to
sell was made to the adjacent property owners in 1976, the PB & R Commission, in
a review of the subject on 1-31-78, felt that the property owners should install
a fence along the new property line to compensate for the increased value. The
one buyer has agreed to construct a six-foot high decorative fence along the new
property line at his expense.
The staff has received the approval of The Irvine Company and the Irvine Terrace
Community Association Board of Directors to proceed with the sale. In order to
enter escrow with the adjacent owners, however, the above findings must be con-
firmed and Public Hearing must be held. After the terms of the Municipal Park
Abandonment Law have been complied with, the sale or sales can proceed.
Mtek—
qtes' B. Wood, Chairman
JB'4: CCS : h
(OVER)
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