Proposed Purchase Of Property_December 1978 to September 1979PROPOSED PURCHASE OF PROPERTY 37
Date
Memo #7250, Res. #78-15794 adopted, authorizing 12/6/78
execution of agreement with S. Z. Bennett to
negotiate for acquisition of Belcher Oil's
Terminal Island property, at a fee of 1% of
approved appraised value, and if the acquisi-
tion proposal is accepted and implemented, an
additional 1% will be paid to Mr. Bennett,
based upon final sales figure. (Funds avail-
able in Public Works Relocation Bond fund).
(See Real Estate Appraisers and Consultants,
Public Works Dept.)
Mr. S. Z. Bennett, City's Real Estate Consul- 3/7/79
tant, appeared and orally reported status of
his negotiations for City's acquisition of
PROPOSED PURCHASE OF PROPERTY 38
(continued) Date
Belcher Oil Company's Terminal Island property,
for relocation of various Public Works functions.
He advised that the owners glad agreed to accept
$970,000 for the real property and buildings,
which was the City's appraisal, plus the custom-
ary bonus of $39,600 (in lieu of atty's fees and
court costs incurred in condemnation), plus the
cost of removal of the tanks, estimated to be
$225,000. The Commission authorized Mr. Bennett,
City Mgr., City Atty., to proceed with the acqui-
sition on the terms stated, subject to removal
costs not exceeding $225,000. Mr. Bennett indi-
cated that he would immediately proceed to ob-
tain estimates for removal of tanks, and in event
cost exceeds $225,000, he would return to 3/7/79
PROPOSED PURCHASE OF PROPERTY 39
(continued) Date
Commission for further instructions. Commissioner
Friedman requested Administration to furnish a
report as to whether there will be ample employee
parking, and impact on MacArthur Causeway of ad-
ditional traffic that will be generated in view
of redevelopment and Watson Island park,as well
as the City's vehicles. (See Public Works Dept.) 3/7/79
(ADD ON) Memo #7744, report on Bell property 9/19/79
acquisition. State Senator Paul Steinberg
and Mr. Shepard Davis appeared and reiterated
their Sept. 5, 1979 request that Bell property
be acquired. Atty. Shepard Broad, representing
owners of Bell property, appeared in opposition
to proposal and suggested other properties for