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sr-101166-8al ,'°,~ ,t ., M E M O RAND U M DATE: September 7, 1906 TO: The City Council FROM: The City Attorney SUBJECT: Purchase for the Bus Department of Lots 12 and 13 of Tract 974, Located on the Northerly Side of Trellis Court, Easterly of Fifth Street and Abutting the Present Bus Property. Supplementing my memorandum of August 16, 1966, a copy of which is attached, concerning the above-captioned subject, the following-is submitted: I have discussed the abandonment of the alley with both the City Engineer and the Director of Transportation and neither has any objection to such an abandonment. It is felt by the Transportation Superintendent that the purchase should be expedited as rapidly as possible to permit the sale of the 7th Street property presently being appraised. As soon as we have-acquired the Ulrich property we will be able to lease the state property for a nominal sum pending determin- ation of price and should be able to have the entire area surfaced for employee parking rather quickly. I spoke with our appraiser relative to the $5.00 per square foot price and he'advises that such a price is within range. For additional information see the attached copy of my memorandum of August 16th.. __.°°~-~..` ,' (i1 Jam;' ROBB~,ZT G. COCKINS y~D City ttorney S{~'~ i, P~ lyT C~ Attached (1) ~ ~ ~'jl l C'® ~~ ~~_ ~'~~111966 ~~„`~ THIS fty~s ~~ ~ RETURNEp r BE CITY C[ ,iTZ,<•S pFIT•'xE ~~ ='NG .GE -- , 2 -_ ~ .~ %~ i. ~ J Cllf ~,.i {~ ~.: ;. ~ - s ~, 0032 1 TLii ~C. ~ -l r 1,~~, ~j~ ~ ~j ~ P4ERIORANDUM DATEa August 16, 1966 TOa The City Council FROM; Tt-.e City Attorney SUBJECTS Purchase for the Bus Department of Lots 12 and 13 of Tract 974, Located on the Northerly Side of Trellis Court, Easterly of Fifth Street and Abutting the Present Bus Property. I have received an offer from P7r. and Mrs. Erwin J. Ulrich owners of the above-described property to sell the same to the City for $5.00 pe-r square foot, with the additional consideration that the City abandon, subject to the utility easements thereon, the Sixth Street alley which presently abuts the Sixth Street entrance to the bus property- The Alley presently serves no purpose and the vacation thereof will not affect the width of the entrance to the bus prop- erty itself. The reason far the requested vacation is that the Ulrichs own the immediately abutting property and said alley would revert to them. The total consideration amounts to $57,500.00 (11,500 square feet x $5.00). F7e have a very recent appraisal that fixes the fair market value at $4'.50 per square foot. The offered price is slightly more than lb% above the appraisal and in my opinion is acceptable. The vacation of the alley is something we would normally do if requested. I therefore recommend that the offer of the Ulrichs be accepted. and that an escrow be opened forthwith. Upon acquisition of this propert,~ we may lease the immed- iately adjacent state owned property for a nominal sum, such as $1.00 per year, and place the property i.n parking for the bus department personnel and proceed with the sale of the property located between Seventh Street and Lincoln immediately across the street from the bus property, presently used as a parking l.ot. ~ j i /, i IOBERT G. COCKINS City Attorney RGC;mh