Title:
Title
Joint Development Agreement for the Del Rio Trail Project (K15165100)
End
FileID
File ID: 2020-01017
Location
Location: Districts 4, 5, 7, and 8
End
Recommendation:
Recommendation
Adopt a Resolution: 1) approving the Joint Development Agreement with the Sacramento Regional Transit District to accept the transfer of 45.406 acres of land known as a portion of the Walnut Grove Branch of the Southern Pacific Railroad, which extends from Riverside Boulevard near William Land Park through South Land Park and South Sacramento communities to Freeport Boulevard, at no cost to the City; 2) authorizing the City Manager or City Manager's designee to execute the Joint Development Agreement, Escrow Instructions, Certificate of Acceptance, and other related documents as set forth in the Joint Development Agreement; and 3) authorize the payment of escrow fees, title insurance, and related expenses for the close of escrow.
FileName
Contact: William Sinclair, Real Property Agent III, (916) 808-1905; William Shunk, Senior Engineer (916) 808-2986; Nader Kamal, Interim Engineering Services Manager (916) 808-7035, Department of Public Works
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
3-Joint Development Agreement
Description/Analysis
Issue Detail: Issue: In 1984, the Sacramento Regional Transit District (RT) acquired the abandoned railroad right of way from the Southern Pacific Railroad Company (SPRR), which became known as the "Meadowview Corridor" because it was the alternative alignment for the extension of RT's light rail system to South Sacramento. RT selected the Union Pacific Railroad Company (UPRR) corridor to the east to serve City College and Cosumnes River College campuses. This LRT extension is known as the Blue Line and construction was completed in 2003. The SPRR corridor became surplus property when RT selected the UPRR corridor.
The Del Rio Trail Project is a planned multi-use trail along the SPRR corr...
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