HomeMy WebLinkAboutD-2a -Sale of a Small Portion of Irvine Terrace ParkAUG 28 1978
BY the CITY COUNCIL
CITY OF Woa. PORT 86A0'
To:
From:
Subject:
CITY OF NEWPORT BEACH
Office of
CITY ATTORNEY
Honorable Mayor and
Members of City Council
City Attorney
Sale of a Small Portion of Irvine
Terrace Park
August 28, 1978
0--z (a)
On May 8, 1978, the City Council found and determined
that a small portion of Irvine Terrace Park (see map attached
to Resolution) was no longer required for park purposes. On
May 22, 1978, the Council adopted Resolution No. 9360 declaring
its intention to abandon this small parcel of the Park and
fixed June 26, 1978, as the date to consider any objections.
Having received no objections on June 26, 1978, the
City Council authorized the subject property to be sold to the
adjacent landowner. The Resolution on this evening's agenda
will direct the Mayor and City Clerk to sign the grant deed
conveying the property.
Attached is the Parks, Beaches and Recreation Commis-
sion's report dated May 8, 1978, which contains additional back-
up information.
44,W4- �P. Act.
DENNIS D. O'NEIL
DDO/kb
Attachment
CITY OF NEWPORT BEACH
PARKS, BEACHES & RECREATION COMMISSION
May 8, 1978
TO: MAYOR & CITY COUNCIL G-1
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.
DISCUSSION:
On October 28, 1975, the City Council authorized the staff to work out details with
The Irvine Company and four residents of Irvine Terrace for the sale of a portion
of Irvine Terrace Park to the adjacent property owners.
On December 8, 1975, the Council authorized the City Manager to have the parcel of
Park 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.
_awes B. Wood, Chairman
JB'J:CCS:h
(OVER)