Title:
Title
Agreement: Sale of City Property at 2126 Garden Highway
End
FileID
File ID: 2021-00107
Location
Location: 2126 Garden Highway, District 4
End
Recommendation:
Recommendation
Adopt a Resolution: 1) declaring the City property located at 2126 Garden Highway as "exempt surplus property" under the Surplus Land Act; 2) approving Purchase and Sale Agreement (PSA) with Sacramento Area Flood Control Agency (SAFCA) for the sale of City property at 2126 Garden Highway (APNs 274-0220-047, 274-0220-053 and 274-0220-058) for the appraised amount of $475,000; 3) authorizing the City Manager or the City Manager's designee to execute the PSA, escrow instructions, the grant deed, and to take all additional actions and execute all additional documents as may be necessary to implement the property sale; 4) finding that selling 2126 Garden Highway (APNs 274-0220-047, 274-0220-053 and 274-0220-058) without first calling for competitive bids according to the procedures in City Code Chapter 3.88 is in the best interest of the City; 5) authorizing the City Manager or the City Manager's designee to increase the Citywide and Community Support Department's FY2020/21 revenue budget by up to $475,000 (South Natomas Community Infrastructure Fund, Fund 2020) based on the net proceeds of the property sale; and 6) authorizing the City Manager or the City Manager's designee to increase the expenditure budget in the South Natomas Community Park Improvements Project (L19156600) by up to $475,000 (South Natomas Community Infrastructure Fund, Fund 2020) based on the net proceeds of the property sale.
FileName
Contact: Bill Sinclair, Real Property Agent, (916) 808-1905; Department of Public Works, Raymond Costantino, Park Planning, Design and Development Manager (916) 808-1941; Department of Youth, Parks and Community Enrichment
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
3-Purchase and Sale Agreement
Description/Analysis
Issue Detail: In 200...
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