...Title
Land Exchange Between the City of San José and San José Water Company for Properties Located at Sunol Street, W. Home Street, Emory Street, Harvest Meadow Court and Branham Lane.
...Recommendations
(a) Adopt a resolution:
(1) Declaring 12,800 square feet of land, identified as a portion of Assessor’s Parcel Numbers 264-11-024, “exempt surplus land” under Cal. Gov. Code §54221(f)(1)(C) as exchange of land for another property necessary for the City’s use;
(2) Approving the sale of 12,800 square feet of City-owned property located at the southeast corner of W. Home and Sunol Streets, to San Jose Water Company in the amount of $1,090,000, to exchange for the properties identified as Assessor’s Parcel Numbers 264-11-034, 259-07-075, 459-02-004, 459-02-008 in fee interest and an approximately 12,000 square foot easement encumbering APN 458-18-012, for the total amount of $270,000; and
(3) Authorizing the City Manager or designee, to negotiate and execute a Purchase and Sale Agreement and an Easement Agreement between the City of San José and San Jose Water Company for the subject parcels and to execute all other documents necessary to effectuate the property exchange.
(b) Adopt the following 2023-2024 Appropriation Ordinance and Funding Sources Resolution Amendments in the Construction Tax and Property Conveyance Tax Fund: Parks Purposes Council District #6:
(1) Establish the estimate for Revenue from Other Revenue in the amount of $820,000; and
(2) Establish the Del Monte Park Phase III Development Reserve appropriation in the amount of $820,000.
CEQA: Not a Project, File No. PP17-003, Agreements/Contracts (New or Amended) resulting in no physical changes to the environment. Council Districts 6 and 9. (Economic Development and Cultural Affairs/City Manager)