REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Fred A. Wilson, City Manager
PREPARED BY: Kellee Fritzal, Deputy Director of Economic Development
Subject:
title
Approve and authorize for execution a Right-of-Way Contract with the Orange County Transportation Authority (OCTA) for the disposition of a portion of City-owned real property (APN: 142-311-34) and a temporary construction easement for the I-405 widening project
body
Statement of Issue:
The City Council is asked to approve and authorize the execution of a Right-of-Way Contract for the disposition of a portion of real property (APN: 142-311-34) and a temporary construction easement for the widening of Interstate 405, north of Gothard Street and McFadden Avenue.
Financial Impact:
The disposition of the portion of the property will result in $102,600 in revenue to the City, which includes a $17,100 incentive bonus to expedite the transaction. The escrow is to close within 60 days following the approval by the City Council. Proceeds from the disposition of the portion of the property will be deposited into the City's General Fund 10000100.48135 (Land Sale Proceeds).
Recommended Action:
recommendation
A) Approve Right-of-Way Contract between the City of Huntington Beach and the Orange County Transportation Authority; and,
B) Authorize the Mayor and City Clerk to execute the Contract and other related documents; and,
C) Authorize the City Manager to execute any other escrow related documents.
end
Alternative Action(s):
Do not approve the Contract and direct staff accordingly.
Analysis:
The Orange County Transportation Authority ("OCTA"), and the State of California, Department of Transportation ("Caltrans"), is in the process of widening Interstate 405 between State Route 73 and Interstate 605 (the "Project"). The Project is intended to increase freeway capacity, improve traffic and interchange operations and enhance road safety. OCTA ha...
Click here for full text