SR-901-001 (5)
RMD:EDD:DM:F:\RESOURCE\SHARE\STAFFREPORTS\BBB Acquisition 312-316 Santa Monica Blvd.doc
City Council Meeting: October 22, 2002 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 312-316 Santa Monica Boulevard
Introduction
The one-story commercial property located at 312-316 Santa Monica Boulevard
immediately easterly of Third Street Promenade and immediately adjacent to the Big
Blue Bus primary Transit Mall bus stop has been listed for sale on the open market.
The approximately 4,000 square foot site is zoned BSC1, Bayside Commercial, and is
potentially useable for a variety of public purposes.
Discussion
Acquisition of property fronting on Santa Monica Boulevard is not a part of any current
defined City project. However, the commercial building at 312-316 Santa Monica
Boulevard is suitable for a variety of potential public transit-related purposes including,
but not limited to, possible Big Blue Bus operating offices, bus driver break room, transit
rider service center and restroom facilities serving Transit Mall riders and the general
public.
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.
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Budget/Financial Impact
No budget or financial impact is incurred as a result of action on this recommendation.
Any possible future budget or financial impact will be subsequently identified and
reported.
Recommendation
It is recommended that City Council authorize staff to open preliminary discussions with
the owners or representatives of the real property located at 312-316 Santa Monica
Boulevard for possible acquisition by the City at fair market value.
Prepared by: Jeff Mathieu, Director of Resource Management
Mark Richter, City Real Estate Manager
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