...Title
Internal Transfer for Future Park Site Located on 460 Park Avenue.
...Recommendations
(a) Adopt a resolution authorizing the internal transfer of approximately 0.39 acres of land known as 460 Park Avenue, from the Office of Economic Development to the Parks, Recreation and Neighborhood Services Department for the future construction of additional park and open space in exchange for the appraised value of $390,000.
(b) Adopt the following 2020-2021 Appropriation Ordinance amendments in the Subdivision Park Trust Fund:
(1) Decrease Future PDO / PIO Projects Reserve by $390,000; and
(2) Establish the Council District 3 Property Acquisition appropriation to the Parks, Recreation and Neighborhood Services Department in the amount of $390,000.
CEQA: Not a Project, File No. PP17-010, City Organizational and Administrative Activities resulting in no changes to the physical environment. (Parks, Recreation and Neighborhood Services/Economic Development/City Manager)