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HomeMy WebLinkAbout1979-03-06; City Council; 5203-2; LAND ACQUISITION EAST OF CITY LIBRARYW CITY OF CARLSBAD a *c t 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 Discussions with various brokers in the Cit indicate our appraisal is out of date.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. z * c c w 0 CSR REALTY 531 ELM AV CARLSBAD, C, (714) 434-1 1 16, lf7p ;,yx. ??L i3L-Ll 1 3=,l&.:in Zity ;&l.,ager :I200 ELL?, :>venue ?2ea?? J.2. 321&,:ia; isity of Carlsjzf i;a-lsCad, rzs]-ifsyrlis 9 SGgE r .- , .. rq- .LFijS le.;+p 53 i;? y(>"aM".,"_ tc &ha .-.I 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;. -I 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:- -"lease ad.ilse i!~ t.j.1~ TJ~~F-: z"r-2.r c.jt.J.re. YPLrS I bml;?, "2 i' 2 c;zs /-&