HomeMy WebLinkAbout1976-05-18; City Council; 3611-2; Elm Avenue extensionAGENDA BILL NO.
CITY OF CARLSBAD
3611 Supplement #2 ----------------
DATE: May 18, 1976 ---------------------
DEPARTMENT: City Manager ------------------
Subject:
ELM AVENUE EXTENSION
Statement of the Matter
Initial:
Dept.Hd.t~
c. Atty. VE!!:,
C. Mgr. j~
The Council has previously given its consent to purchase property
at Valley and Elm to allow the widening of Elm to Monroe. The
City had an agreement at a price of $14,800.00~ Subsequently,
the sellers refused to sign the escrow instructions at this price.
Staff began new negotiations and the sellers have now agreed to
sell for $16,500.00. Staff feels that this price is still under
the cost of condemnation by approximately $2,500.00. Staff has
made as a condition of the purchase that the sellers deposit signed
escrow instructions at the price of $16,500.00 in escrow before the
City signs the amended escrow instructions. ·
While staff is of the opinion that the negotiated price of $16,500.00
is realistic, if the sellers do not immediately complete the sale,
then Council should proceed with condemnation proceedings at once
as further delay will cause an unnecessary increase in the total
cost of the Elm Avenue extension.
Exhibit
Area.map. (Wall Exhibit)
Recommendation
That Council authorize the Mayor to sign amended escrow instructions
upon notification by the escrow ho1der that the seller has deposited
signed escrow instructions at the renegotiated price of $16,500.00.
Further, that if signatures are not obtained by May 25, 1976, that
staff be instructed to prepare the nec.essary documents to begin
condemnation proceedings for the June 1, 1976 Council meeting.
Council action
5-18...:76 Mayor Frazee was authorized to ~ign amended wcrow i~structions
upon notification by the escrow holder that the seller has
deposited signed escrow instructions at the rene~otiated price
of $16,500. Further, if signatures are not obtained by
May 25, 1976, that staff be instructed to prepare the necessary
documents to begin condemnation proceedings for the June 1,
1976 Council meeting.