AGENDA REPORT
REQUEST FOR CITY COUNCIL ACTION
DATE: 04/01/2020
TO: Honorable Mayor and City Council Members
FROM: Public Works Department
SUBJECT:
Title
City Council consideration of a Purchase and Sale Agreement for excess right-of-way at 210 Radio Road to Rexco Hayward, LLC., and authorize a General Fund revenue increase in the amount of $37,200.
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RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Authorize the City Manager to accept approximately 17,198 square-feet of property in a grant deed from Major Market Stations, Inc.
b. Approve the Purchase and Sale Agreement with Rexco Hayward, LLC., for the sale of approximately 32,849 square-feet of property.
c. Authorize the City Manager to execute the Purchase and Sale Agreement and any amendments thereto which are non-substantive or are otherwise in compliance with the City Council's actions hereunder.
d. Authorize a General Fund revenue increase in the amount of $37,200 for the Purchase and Sale Agreement.
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ANALYSIS:
Rexco Hayward, LLC ("Developer") is the developer for the property located at 210 Radio Road, on the north side of Radio Road, south of the 91 Freeway, as shown on Exhibit "A." The Developer proposes to construct a new industrial building approximately 140,000 square-foot on a total of 6.62 acres. To facilitate the project, the Developer has requested to purchase a small parcel of real property from the City, which is located immediately to the northwest of the cul-de-sac termination of Radio Road. The property that the Developer wishes to purchase from the City ("City Property") is shown on Exhibit "B." A portion of this property is currently held by Major Market Stations, Inc., ("Owner") and must first be granted to the City before the purchase and sale is complete.
In the process of reviewing the record drawings and deeds for the property, City staff and Title Company representatives could not locate any dedication for the right-of-way fronting 2...
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