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� , _.. REQUEST FOR COUNCIL ACTION DATE: May 8, 2001 ITEM NO: I � Department Approval: Administrator Reviewed: Agenda Section: Name Ron Moorse , City Administrator's Title City Administrator � Report Item Description: Purchase of Property at 3770 Shoreline Drive The City has identified the property at 3770 Shoreline Drive as a priority for City acquisition,to be used at least partially as parkland. The property is currently used as a storage yazd for a landscaping business. When the property recently became available, the Council authorized staff to offer $230,000 for the property. When the property owner countered at$235,000,staff offered$235,000 subject to Council approval, and subject to an environmental review of the property. There is currently a house and a significant amount of junk and debris on the property. Staff estimates the cost to remove the house and debris will be approximately$20,000. The cost of an environmental review will be approximately $7,000. T'he total cost to the City will be $262,000. When the property adjacent to this property was purchased in 1999,the purchase was funded 50% from the General Fund and 50% from the Pazk Fund, to reflect the potential to use the northern portion of the property for pazk use and the southern portion for residential use. At this time,the Pazk Fund does not have a sufficient balance to fund 50% of the cost of the current parcel. Therefore, staff's recommendation is to fund the purchase 50% from the General Fund and 50% from the Community Investment Fund. Because the use of the Community Investment Fund requires a 4/Sths vote of the Council,this action will be delayed until the May 29 Council meeting. COUNCIL ACTION REQUESTED: Motion to approve the purchase of the properiy at 3770 Shoreline Drive,at a cost of$23$,000,and to authorize the expenditure of up to $27,000 for the environmental review and the removal of the house and debris from the site. The necessary budget adjustments to reflect the sources of funding will be brought to the Council at the May 29 meeting.