Title
Subject: 5th Avenue Seismic Retrofit
From: Community and Economic Development Agency
Recommendation: Approve The Introduction (First Reading) Of An Ordinance Authorizing The City Administrator To Enter Into A Sales Agreement With The California Department Of Transportation (Caltrans) To Sell City Owned Property Located Near Interstate 880 And 5th Ave (Assessor Parcel Number 000O-0455-010 (Portion)); Appropriating The Proceeds Of The Sale Into The Real Estate Surplus Property Project; And Granting Permanent Construction Easements With An Expiration Date of January 31, 2011 For City Owned Properties (Assessor Parcel Numbers 000O-0455-090 And 000O-0455-010); All Property Rights Will Be Conveyed For A Fair Market Value To Be Determined But Not Less Than $195,100