City of Long Beach - File #: 06-0703

• File #: 06-0703
• Version: 1
• Name: CD/PRM/PW - 970 West Chester Place
• Type: Contract
• Status: CCIS
• File created: 8/2/2006
• In control: City Council
• On agenda: 8/8/2006
• Final action: 8/8/2006
• Title: Recommendation to authorize City Manager to execute all documents necessary for the acquisition, remediation and right-of-entry of a 5.05-acre site at 970 West Chester Place with the Los Angeles County Metropolitan Transportation Authority for the Drake/Chavez Greenbelt project; expend $3,950,000 for the acquisition of the property, and receive $888,750 for right-of-entry fee from the Los Angeles County Metropolitan Transportation Authority for the net cost of $3,061,250, plus approximately $45,613 in escrow and closing fees. (District 1)
• Sponsors: Community Development, Parks, Recreation and Marine, Public Works
• Related files: 30159_000, 30160_000, 30159_001, 10-0424

Date	Ver.	Action By	Action	Result
8/8/2006	1	City Council	approve recommendation	Pass

TITLE

Recommendation to authorize City Manager to execute all documents necessary for the acquisition, remediation and right-of-entry of a 5.05-acre site at 970 West Chester Place with the Los Angeles County Metropolitan Transportation Authority for the Drake/Chavez Greenbelt project; expend $3,950,000 for the acquisition of the property, and receive $888,750 for right-of-entry fee from the Los Angeles County Metropolitan Transportation Authority for the net cost of $3,061,250, plus approximately $45,613 in escrow and closing fees.  (District 1)

DISCUSSION

[Description/Discussion]

TIMING CONSIDERATIONS

[Timing Considerations]

FISCAL IMPACT

[Fiscal Impact]

SUGGESTED ACTION

Approve recommendation.

Respectfully Submitted,

NAME	APPROVED:
TITLE
	GERALD R. MILLER
	CITY MANAGER