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SR-901-001-07 RMD:MR:JM:F:RESOURCE/STAFFREPORTS/Angels Attic Acquisition.doc Council Meeting: December 11, 2001 Santa Monica, California To: Mayor and City Council From: City Staff Subject: Authorization to Negotiate Terms and Conditions for Acquisition of Real Property Located at 516 Colorado Avenue Introduction The two-story Victorian residence and property currently used as the doll and miniatures museum known as Angel?s Attic immediately adjacent to the Big Blue Bus maintenance and storage yard has been offered for transfer to the City. The approximately 6,260 square foot site is zoned C3, Downtown Commercial, and is potentially useable for a variety of public purposes. Discussion Acquisition of property fronting on Colorado Avenue between Fifth and Sixth Streets is not a part of any current defined City project. However, the site at 516 Colorado Avenue has been offered for conditional transfer to the City. The site has possible Big Blue Bus use. If City Council authorizes staff to discuss possible acquisition of the property with its owners or representatives, staff would return to Council for further authorization to acquire the property on behalf of the City. 1 Recommendation It is recommended that City Council authorize staff to open preliminary discussions with the owners or representatives of the real property located at 516 Colorado Avenue for its possible acquisition by the City. Prepared by: Jeff Mathieu, Director of Resource Management Mark Richter, City Real Estate Manager 2