HomeMy WebLinkAbout1971-12-01; City Council; 615; Greenwood propertyI’ ie -m -
1’ H E C~TY *o F CAR L S B A D, ‘ CALIPOI?*/
Agenda Bill No. b/d- Date: December 1, 1
Ref erred To :
Subject: Submitted B
Greenwood Property City Managt
Statement of the Matter
There has been considerable interest expressed for several years bj various oil companies and others in the Greenwood property. To dat such interest has manifested itself in offers to purchase the prop- erty. Mobil Oil Corporation has expressed an interest in leasing this property. Under their proposal they would lease the property at a minimum rental of $16,000 annually. The lease would be bank- able, could generate up to $170,000 cash from a bank assuming the lease. At expiration of the lease the property would revert to the City.
Exhibit
Letter from Mobil ?il Corp. dated Nov. 1, 1971.
Staff Recommendations
* Date: December 1, 1971
e 'p 0'
A.B No. 615
City Manager's Recommendation
. In reviewing the property owned by the City at the Civic Center site is obvious that additional property should be acquired for future Ci\ Center expansion to meet the needs of a growing population. For thi! reason it would not be recommended that any presently owned City lanc including the Greenwood property, be sold
Once the heavy workload in the Planning Department, involving severa large annexations, has been abated, we should undertake a Civic Cent site expansion study to determine future acreage needs for the Civic Center. When completed the study would give us a basis for future i cremental acquisition of Civic Center area property. This would be cluded in a capital improvements program and would be timed so that property is available on need.
It is apparent that it would be possible to lease the Greenwood prop for business as use by the City, other than the present interim Park Recreation Department headquarters, would be a number of years in th future. Were the property to be leased for a service station, resta rant, or other commercial use, the money obtained could be matched w Federal funds for the purpose of acquiring Parks and Recreation faci ties for the community. This would reduce the amount necessary on a bond issue contemplated by the City for this purpose. This is a pol item but the staff does need guidance from the City Council to deter if you wish to consider lease of this property for any non-municipal pose.
12-7-71 Following discussion the matter was referred to the Parks
Council 'Action
Recreation Commission for report and recommendation.
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P 0 BOX 2191
SAN DIEGO, CALIFORNIA'
Mobil Oil Corporation
November 1, 1971
City of Carlsbad
1200 Elm Avenue
Carlsbad, California 92008
Attention: Jack B. Arnold
- NWC ELM STREET &
PI0 PIC0
Dear Mr. Arnold:
we would propose to lease the parcel of land identified on exhibit
"A" attached hereto.
Mobil would tender the City a lease calling for annual rentals of
1.5 cents per gallon with a minimum rental of $ 16,000.00 per year.
Additionally Mobil would agree to improve the rear portion of this
property into a small park. The lease would be fully bankable and
should develop funds totaling approximately $ 170,000.00, The exact
amount would, of course, be up to the bank who would, prior to
execution of the lease, make a written commitment to the City as to
the amount of the loan. This loan would be guaranteed by Mobil and
would be paid off by the monthly lease rental.
involved other than to execute a trust deed on the demised premises
to the bank.
If the form of this proposal meets with your approval Mobil Oil is
prepared to proceed with the location subject to the following conditionr
The City would not be
1. Proper zoning for service station use.
2. A policy of title insurance satisfactory to Mobil Oil and
purchased by Mobil Oil.
3. Adequate access to Elm Avenue and to Pi0 Pico.
4. Signage of similar size and height as other competitive
stations in the area.
5. Final approval by Mobil Oil management.
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6. Agreement between Mobil and the City on terminology
of the lease.
We recognize that the City will require some architectural control
and planter areas.
proposal.
I will be happy to clarify any areas of this proposal that are not
clear.
We are prepared to proceed quickly with this
Sincerely , c2 y /./~,-&$?u 9 7/* L*r.---:*
C. E. Barnthouse
Real Estate Representative
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P. 0. Box 61 Cczrlsliad, California 52QOI
iritercst it? tiic prop
beautification prcje
use for such
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September 22, 1
Kon. David bne,
Mayor of Zarlsbad,
Carlsbad City Ea11
Carlsbad, Calif. 92008,
Dear Sir:
iit %lie September meeting of the Carlsbad Garcien Club, & discussion ea up regarding the Greenwood property at +,la intersection of Elm ad Pi
It is directly in front of our beautiful civic buildings, and a11 mem felt that a large? gas station sign would obstruct the beauty md grac
those buildings.
&ea) with it few benches for weary citizens.
Rowever, all members realize the benefits to the city of receiving p sum of money for the sale of this property. Vi11 this issue be put
the voters for their decision?
One suggestion was a grassy and shady area (not a
Very truly yours
CPBL’SBJB GAREBT CLUB
G;I‘ &L&+J +x-
frkne Pick Cor responding Secreta
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DAVID EL‘ DURt!E (:'.,w -. . Mayor .-, :
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33- 9 0 City
P
P
en the .lis- pesitim ana future use aof the Greenwawt
prcPgerBy
b. It is @ann& to plaa~a thig enti Q matter an the ballet next Bpring-al&g with a. pBssib1o park @l@cterate decide the
0. If the wtws deaidat sale the fun&% reallzd from such sal@
FQr your infermatien I am snole,aing w~piti
ef a letter fram the €?@si& nt Bf the Fr+ien&a
@f the Library an4 a rqly by eDur City Wna@;sma
whieh exp12ins the pesitien af the aitg en the issue far Sattor than I can, Please r@tu’m at yaur emvenienee when yeu have had a ahaaneo tQs
l@@k then war. Sine;ersly