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HomeMy WebLinkAboutMINUTES - 02271990 - 1.122 Ad Ad TO: BOARD OF SUPERVISORS FROM: J. MICHAEL WALFORD, PUBLIC WORKS DIRECTOR DATE: FEBRUARY 27, 1990 SUBJECT: TRANSFER OF CENTER AVENUE AT PACHECO BOULEVARD PROPERTY, PACHECO Project No.: 0662-6R4344 SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AND JUSTIFICATION I. Recommended Action: AUTHORIZE the PUBLIC WORKS DIRECTOR to arrange for the transfer of $215,000 in Southern Pacific Railroad Corridor monies due the County General fund to the Road fund in exchange for transfer of the Center Avenue at Pacheco Boulevard parcel (APN 125-130-013, 017) to the County from the Road fund properties account. II. Financial Impact: The Southern Pacific Railroad corridor program owes the County General fund $250,037.74 for funds advanced in FY 1986-87 and FY 1987-88. This recommendation would use $215,000 of these funds to reimburse the Road fund for said property which is being transferred to the County General Fund for general County use. Continued on Attachment: X SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S): ACTION OF BOARD ON February 27, 1990 APPROVED AS RECOMMENDED X OTHER VOTE OF SUPERVISORS X UNANIMOUS (ABSENT 1 AYES: NOES: ABSENT: ABSTAIN: 1 hereby certify that Ws Is a mm and correct copy of MFK:Iv an action taken and entered on the minutes of the a:bo27.t2 Board of Supervisors on the date shown. ATTESTED: FF R P. 7 1990 Orig. Div: Public Works (FCE) PHIL BATCHELOR,Clerk of the Board cc: P.W. Accounting of&gx nlsom and County Administrator P. ti. Center Avenue and Pacheco Boulevard February 27, 1990 Page Two III. Reasons for Recommendations: - The State Auditor Controller has demanded that the County sell surplus road fund property located at Center Avenue and Pacheco Boulevard. This property, in conjunction with the County property to the north, represents a significant future asset for the County. In order to retain County ownership, the County general fund must compensate the road fund for the property being transferred at current fair market price. IV. Consequences of Negative Action: The property will have to be sold at public auction.