HomeMy WebLinkAbout12-17-1985 Item C6A - Approve Purchase of AMTRAK DEPOT (Southern Pacific RR) Parkingi. t l'IMi1 � i
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MUGM COUNCIL AGENDA REPORT U �:
FROM: Nancy Knofler; Transit Manager Via: Paul Lanspery, CAO(4,,Vr\--
SUBJECT:
Consideration of resolution approving purchase of.property adjacent to the
Southern Pacific railroad depot.
CAO RECOMMENDATION:.
Adopt the resolution which approves the purchase of the property and
authorizes the Mayor to execute all necessary documents.
BACKGROUND:
The City is currently working on a project (SLO Intermodal Facility Project) to
improve the railroad.depot and the adjacent parking area. This project has two
phases:
Phase I -=the purchase of land from Southern Pacific and the preparation of
plans for improving the area and the terminal, and
Phase II --the construction of improvements..
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It is now time to purchase the property from the Southern Pacific Transportation
Company. The City has an agreement with Caltrans to share the costs of the property
purchase (State 50%, City 50%) and the appropriate City funds are budgeted for this
fiscal year.
Although it is apparent with the grant and the budgeted funds that the City intends
to purchase the property, the City Attorney's Office has advised that an additional
resolution be.approved by the Council. This resolution will specifically approve
the property purchase and authorize the Mayor to execute all the necessary
documents.
The legal description of the property and the escrow documents are available in the
Council office for review. The documents include the 7_•
License Agreement. and an Assignment Agreement. The primary purpose of the License
Agreement is to allow the City, or its designated contractor, to enter the depot in
order to make improvements during the construction period. The Assignment Agreement
will assign four leases to the City, three parking leases and one encroachment
lease.
Southern Pacific Transportation Company would like to close escrow this month. If
the attached resolution is approved, the City will be able to meet this request.
ALTERNATIVES ANALYSIS
1. Approve the resolution. This is the recommended alternative. The property will
be purchased which will, in turn, allow the work on the SLO Intermodal. Project to
continue.
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2. Do not approve the resolution. This alternative is not recommended because the
SLO Intermodal Project would cease.. A"
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MOGS COUNCIL AGENDA REPORT
CONCURRENCES
The project's preliminary plans have been approved by the City, Caltrans, and
Amtrak. Once Southern Pacific approves the preliminary plans, the final working
drawings can be completed.
FISCAL IMPACT
City share for the property purchase will be approximately $250,000. The closing
costs have not been finalized, but in no event will the costs exceed $250,000, which
is the budgeted amount.
CAO RECOMMENDATION
Adopt the resolution which approves the purchase of the property and authorizes the
Mayor to execute all necessary documents.
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attachment: resolution
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