HomeMy WebLinkAbout1979-03-06; City Council; 5203-2; LAND ACQUISITION EAST OF CITY LIBRARYW CITY OF CARLSBAD a *c
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Initial :
Dept . Hd.
C. Atty.q//j
AGENDA BILL NO. 5203 - Supplement NO. 2
DATE : March 6, 1979
DEPARTMENT: City Manager C. Mgr. c
Subject : LAND ACQUISITION EAST OF CITY LIBRARY
Statement of the Matter
In accordance with Council direction at the meeting of February 2(
1979, City Manager staff began negotiations with the two owners
of the property on Elm Avenue,- east of the City Library. Through
the owners' agent, Carole Stewart of Carole Stewart.Realty, a
counter offer has been received. There is a wide disparity in the
offer and the figures with which staff has been working. These cc
an appraisal of the subject property which was done by Lee Johnsor in December, 1977.
In order for staff to proceed in an attempt to reach an agreement
with the owners, it is felt it is necessary to have a reappraisal
done on the property. Discussions with various brokers in the Cit
indicate our appraisal is out of date.
Contact has been made with Lee Johnson, MAI, as to the cost for ar
updated appraisal of the property and he indicated it would be
approximately $1,500.00.
Exhibit
a Letter from Carole Stewart dated 2-16-79
Recommendation
That Council authorize staff to request an updated appraisal on
the land east of the City Library to be done by Lee Johnson, MAI.
Council Action:
3-6-79 Council authorized staff to request updated appriasal on tht
east of the City Library to be done by Lee Johnson, MAI.
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CSR REALTY
531 ELM AV
CARLSBAD, C,
(714) 434-1
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J'AI~~YFO~ 2nd ~CTS. @~.l LE.:,:, locate2 at y-jgkLland 224 z;lrl -jx the city of Cayisbad.
il. IMV* Jiliderson has inf:n--:-c,: 3-5 -2- 7
>I b- c.ii<i.- bl-b ,L!qErcty o.l.;sec; oy ;.1", : a1te;.
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br..u-_ LJGL :?E XOU~C! !_;ike to r.;.a!<e 2 ~ou:l->cy ::~roposal at iS,l?C; Sq. 3. _"or 2 total Dl" $162,35;.00*
s. i.a?*J has ;nc'lca:;ed . -. %:-.at t::e pr'icF: z,cec_=ta'>].e to --ST ':.-o-,Tcl -.. ,:-- ;l" LL,, .-e .oo/sq, Ft. SOT a3j31ncx. 2 j1-cY.p~ fo?: 2 tsigl cf
_. i,re feel this is %;-a ca-rrrerit 1 :s..rIce-t ''Zl13.C fo- s?jc--: 2:-
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