HomeMy WebLinkAbout1982-01-12; City Council; 6861; Park-In-Lieu Fees - Mac Dougal Property4
RB#
DEPT. ENG
MTG, 1/12/82
TITLE:
PARK-IN-LIEU FEES - MAC DOUGAL PROPERTY
City Council approve the appraisal and authorize staff to recalculate the
Park-in-Lieu fees based on a fair market value of $99,000.00.
ITEM EXPLANATION:
the City Code
divided. The
six to determ
property, the
market value''
Mr. Mac Douqa
Park-in-1 ieu fees are calculated in accordance with Section 20.44.070 of
and are based on assessed valuation of the land to be sub-
Code requires that the assessed valuation be multiplied by
ne the "fair market value.'' In the case of Mr. Mac Dougal's
assessed valuation was $69,759.00 and the calculated "fair
was $418,552.18.
has submitted an appraisal of the subject property for
$99,000.00 Ifair market value) for Council consideration.
The Park-in-Lieu fees associated with the appraised fair market value are
consistent with fees recommended by the Parks and Recreation Director in
the proposed new fee schedule.
FISCAL IMPACT:
The park-in-lieu fee will be reduced by about $5,625.00.
EXH I BITS :
A. Appraisal of "Fair Market Value.''
B. Letter requesting City Council accept appraisal for use in
calculating Park-in-Lieu Fee.
I
I - -
/- P' c EXHIISIT A \
cal west ap raisal services I
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P.O. BOX 249 CARDIFF-BY-THE-SEA, CA 92007 (714)753-5805
December 4, 1981
Mr. Allan K. MacDougal
4550 Park Drive
Carlsbad, Calif. 92008
RE: Market value: 1.18 acres (net) 4500 Park Drive
Carlsbad, Calif.
Dear Mr. MacDougal:
As per your request, I have inspected the above referenced property in
order to offer an opinion as to its Fair Market Value.
It is my opinion that, as of this date, the subject property has a Fair Market Value as follows:
Raw unimproved ...............$ 99,000
3 split buildable lots ......$ 180,000
<=qf Tom Guy, .
Owner/Cal West Appraisal Services
TG : kg
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EXH I B I T "A"
_-
January 6, 1982
Carlsbad City Council
Gent lemen I
Please see attached information regarding a lot split on
Park Drive and adjustment of related fees. I request that
this matter be placed on the agenda for your meeting of
January 12.
Thank you very kindly.
- Respectfblly yours,
Allan IC. Mac Dougall U
E;!H I B IT "B"