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sr-052395-10a1~A CA:f:atty\muni\strpts\tsun2 Council Meeting: May 23, 1995 TO: City Council FROM: City Staff Santa Monica, California SAY 2 31995 SUBJECT: Recommendation to Hold a Public Hearing and Adopt a Resolution Vacating a Portion of Excess Right-of-Way at the Northwest Corner of Olympic Boulevard and 21st Street INTRODUCTION This report recommends that the City Council hold a public hearing and adopt a Resolution vacating a portion of excess right-of-way at the northwest corner of Olympic Boulevard and 21st Street to facilitate the sale of approximately 4,900 square feet of excess City property to the adjacent property owner. At its meeting on April 25, 1995, the Council approved two Resolutions: No. 8891, setting a public hearing and declaring the City's intent to vacate the parcel; and No. 8893, waiving advertising requirements in connection with the sale. The present Resolution constitutes the next and final step in the vacation process. BACKGROUND On December 12, 1990, the City Council approved in concept the sale of a parcel of City-owned real property at the northwest corner of Olympic Boulevard and 21st Street to-the adjacent property owner, Sam Tsunoda. The parcel to be sold is depicted by shading in the 1 A~ 2 3 1995 { attached map (Ex. B). The Council's conceptual approval of the sale was based on the following considerations: 1. City staff evaluated the property and found no current or potential future'City use for the parcel; 2. Most of the parcel was originally a part of the adjoining property; 3. The frontage road is no longer needed; 4. If the property were sold to others, Mr. Tsunoda would not. have access to a public street; and 5. The parcel is not usable for either park or school purposes. The Council's approval included, as a condition of sale, that Mr. Tsunoda perform certain improvements to the property and surrounding property. (See Ex. C.) The former frontage road which includes the subject parcel was purchased in fee by the State of California and was turned over to the City when Olympic Boulevard was relinquished to the City for City street use on March 28, 1966. In 1987, the City vacated and sold the portion of the former frontage road which lies immediately west of this parcel to the neighboring owner. In the past that owner has opposed the present vacation and sale to Mr. Tsunoda on the ground that it would impede vehicles using his business. However, the Engineering Division has 2 addressed this issue by designing the required improvements to the parcel so that entering vehicles will have a large turning radius on the west side of the property. The parcel was appraised by the City's appraiser at a fair market value of $135,000. Mr. Tsunoda has agreed to purchase the parcel for $160,000. The State of California confirmed in writing on March 3, 1995 that it has no objection to the proposed vacation and sale. BUDGETARY IMPACT The sale would result in $160,000 in revenue for the City. The account for deposit would be Gas Tax Fund account number 43-500- 401-00000-0180-10000. RECOMMENDATION City Staff recommends that the City Council hold a public hearing and adopt the attached Resolution to vacate the portion of excess right-of-way at the northwest corner of Olympic Boulevard and 21st Street to facilitate the sale of the parcel to Sam Tsunoda. Prepared by: Marsha Jones Moutrie, City Attorney Adam Radinsky, Deputy City Attorney 3