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HomeMy WebLinkAbout09/13/1988, 4-D - ACQUISITION OF SITE FOR FUTURE PARKING STRUCTURE IN NIPOMO-HIGUERA AREA DAM III�I�Ill�lnlln� 1� VJ MEETING c� 91 IIIIp � of san lugs osIspo SEPTEMBER 13,1988 WHIZO COUNCIL AGENDA REPORT " B FROM: Dave Romero, Public Works Director SUBJECT: Acquisition of Site for Future Parking Structure in Nipomo-Higuera Area BACKGROUND: At its meeting of February 16, 1988, the City Council directed staff to negotiate with property owners for acquisition of a site for a parking structure at the Old Farmers Hardware property and near Pacific and Nipomo. DISCUSSION: Staff met and corresponded with Alex Madonna regarding the Old Farmers Hardware site. On May 5, 1988, staff received a letter stating that the property is for sale either by outright purchase or lease-purchase with Madonna constructing the structure. Staff has also met and corresponded with Dennis Moresco of Midland Pacific Building Corporation, representing the property owner at the Wells Fargo Parking Lot at Nipomo and Pacific. This negotiation has also been on a lease-purchase basis. At Dennis' request, the City conducted preliminary studies of the site and presented our findings to him on June 20, 1988 (Exhibit A) . Dennis responded on June 23, 1988 (Exhibit B) indicating that he would pursue the matter. A verbal contact with Dennis the last week of August brought forth information that he was still working on it but having some trouble getting clearance from some of the current lease holders of parking on the site. Attachments: Exhibits A & B niphig/dfr#13 pr C ' ����►II�IIIII�����������IIIII I� city of sAn tuts oBispo MM 990 Palm Street/Post Office Box 8100 • San Luis Obispo, CA 93403-8100 June 20, 1988 Dennis A. Moresco Midland Pacific Building Corporation 641 Higuera Street, Suite 200 San Luis Obispo, CA 93401 Dear Dennis, We have made a number of layouts for a possible parking structure at the corner of Pacific and Nipomo Street, and find that the layout which appears to reach the best compromise of efficiency and access is one very similar to the Palm Street structure. This is the layout which we would like to pursue further in our negotiations. With the proposed layout, access and egress would be from the extreme westerly corner of the property, on Nipomo Street near Marsh. Interior circulation of traffic within the structure would be exactly that of the Palm Street structure. We propose 4 floors of parking, which will provide for 322 parking spaces. The highest portion of the structure above ground level will be behind the Dr. Poe and Jules Rogoff properties. The height will be approximately 30 feet above ground grade, with an additional parapet wall of 3-4 feet. Since the property rises approximately 9 feet to the Pacific/Nipomo intersection, the structure at that point will be approximately 25 feet from the sidewalk to the top of the parapet. We propose to develop a structure 130 feet in depth, which still leaves a setback from the Wells Fargo building of approximately 15 feet and allows for a double row of parking and some service access in the existing parking lot alongside Kragen's. It would be quite possible to provide access in and out of the structure from this Kragen's parking annex and from the remainder of the parking lot serving Wells Fargo and the shopping center. Our very rough estimate of cost to build a structure is $3 million dollars, however, because the City will use virtually all of its capability in building a second parking structure at Marsh and D/ . Oz Moresco , Page Two Chorro, the City may not be able to fund construction of a parking structure on the Wells Fargo site for several years. As we discussed before, we are interested in some alternative funding possibilities which the property owners or your firm may be able to come up with. Please let me know where we should go from here. Very truly yours, David F. Romero, Director Public Works Department Attachment: photo moresco/dfr#12 42)-3 rz li ,.,, .J p. ,���,� ,, ..�*S�iw ,pfll�il�`�tia-••..� �+e..:.,�lc'yo .=,� 1. r• , .� '.„ JF ,110%_a= _ mmi, , - r dt Aloof 0 som lie .c r +s :. :; _ 77 .. 1 3•�� " � � ply i-� s, SBow i .. ;� ,r= v. ,! ^' a�4 'ISI.[ a� `,•$ �:.Q.'�I+- i �•i�i•C may' 1.1.5•_.»>��a ci JUN 1988 ' Psbfic Worlll o`;� Nfidl,and ,M00 Paq June 23, 1988 ( OIl 641 HIGUERA STREET SUITE 200 David F. Romero, Director SAN LUIS OBISPO,CA 93401 Public Works Department 8051541-3848 City of San Luis Obispo P.O. Box 8100 San Luis Obispo, CA 93403-8100 Dear David: of your letter dated June 20, 1988 I am greatly appreciative of all I am in receipt Y have done , this project to date. In answer to the work that you and the City to prepare some your question about where we Dorn roposal wre we ill fit on the�s to visually. After preliminary sketches to see ho y P of the will also run some numbers heproposalto W8 Is Fargo or their ncial feasibility and then to the he fina that we will subin center. owners and tenants of the existing shopping to {finalize the Once this process has been completed we will return to the City proposal and negotiate the terms. Once again thank you for your help. I will be in contact with you as the process goes on. ZSincFIC BUILDING CORPORATION sco Chief Executive Officer DAM/jp cc: S. Martin Akeyson, Jr. Wells Fargo Bank Charles E. McConney, Sharon Young, VP/PM, Wells Fargo Bank EX�'1i1z C�'