TITLE
Recommendation to declare ordinance approving, confirming, and ratifying Ordinance No. HD-2067 of the Board of Harbor Commissioners of the City of Long Beach, which authorizes the execution by the Executive Director of an agreement between and among the City of Long Beach, the City of Los Angeles, and the Alameda Corridor Transportation Authority, and making a determination relating thereto, read and adopted as read. (Districts 1,2)
DISCUSSION
The Cities of Long Beach and Los Angeles, acting through their respective Boards of Harbor Commissioners (Ports), as joint owners of the Alameda Corridor, will convey to the Alameda Corridor Transportation Authority (ACTA) two parcels consisting of 48,233 square feet and 28,062 square feet. These parcels have been identified as surplus property and are not required for the operation of the Alameda Corridor. ACTA, in turn will combine these parcels with adjacent ACTA-owned parcels and will sell them as one or two packages. By combining the parcels, a greater sale price will be obtained; and having ACTA handle the sales transactions will expedite and facilitate the sale of the property.
Once the parcels have been sold, the Ports will receive their proportionate share of the proceeds minus expenses. The Port of Los Angeles is seeking concurrent approval for this transaction. Under the City Charter, City Council approval is required for any conveyance of property owned by the City. This matter was reviewed by Deputy City Attorney Charles Gale on March 8, 2010.
TIMING CONSIDERATIONS
City Council action on this matter is not time critical, however all parties to the agreement desire to resolve this matter in a timely manner.
FISCAL IMPACT
There is no fiscal impact associated with the requested action.
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
RICHARD D. STEINKE
EXECUTIVE DIRECTOR, PORT OF LONG BEACH
BODY
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LONG BEACH APPROVING, CON...
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