HomeMy WebLinkAboutAgenda Report - July 15, 1998 (53)AGENDA TITLE: Purchase and Sale Agreement for Multimodal Station Site
MEETING DATE: July 15, 1998
PREPARED BY: Public Works Director
RECOMMENDED ACTION: That the City Council adopt the attached resolution approving the
Purchase and Sale Agreement between Union Pacific Railroad Company
(UPRR) and the City of Lodi for the multimodal station site, authorize the
City Manager to sign the Purchase and Sale Agreement on behalf of the
City, and appropriate funds for this acquisition as shown below.
BACKGROUND INFORMATION: Agreement has been reached with UPRR on the purchase of the
property needed for the multimodal station. The negotiated final
price for the property is $400,000. This is slightly higher than the
City's appraised value of the property, but lower than the price
UPRR's appraiser placed on the property. The Federal Transportation Administration (FTA), which is
contributing 80% of the purchase price, has approved the amount needed and as soon as all documents
are executed and the FTA is notified, the money will be wired to us. Our City Attorney has reviewed the
Agreement.
The relocation of the Santa Fe Pacific Pipeline Co.'s (SFPP) pipeline, which runs across the site we are
acquiring, is still under discussion. We hope to finalize the agreement for this work in the next week or
two after verifying the costs of the relocation work that were supplied as part of the agreement. SFPP
will complete the relocation work with its crews. When the pipeline issues are resolved, we will bring the
agreement to the City Council for approval.
The pipeline relocation, as well as the removal of the switch for the UPRR team track presently located
on the property the City is acquiring, will be paid for under the construction phase of the project.
FUNDING: Federal Transportation Administration Funds - $320,000
Measure K Funds $ 80,000
Funding Available: L2,� -R
Financ Director
Richard C. Prima, .
Public Works Director
Prepared by Sharon Blaufus, Administrative Assistant
RCP/S13/1m
Attachment
cc: City Attorney
APPROVED: ,
H. ixon Flynn -- ity Manager
CS�TEPRCH.DOC 07/07/98
RESOLUTION NO. 98-113
A RESOLUTION OF THE LODI CITY COUNCIL
APPROVING THE PURCHASE AND SALE AGREEMENT
BETWEEN UNION PACIFIC RAILROAD COMPANY AND
THE CITY OF LODI FOR MULTIMODAL STATION SITE
AND APPROPRIATE FUNDS FOR THIS ACQUISITION
BE IT RESOLVED, that the Lodi City Council hereby approves the Purchase and
Sale Agreement between Union Pacific Railroad Company and the City of Lodi for
Multimodal Station Site; and
FURTHER RESOLVED, that the City Manager and City Clerk are hereby
authorized to execute this Agreement on behalf of the City of Lodi; and
follows:
BE IT FURTHER RESOLVED, that funds be appropriated for this acquisition as
Federal Transportation Administration Funds - $320,000
Measure K Funds $ 80,000
Dated: July 15, 1998
I hereby certify that Resolution No. 98-113 was passed and adopted by the Lodi
City Council in a regular meeting held July 15, 1998 by the following vote:
AYES: COUNCIL MEMBERS - Land, Mann, Pennino and Sieglock (Mayor)
NOES: COUNCIL MEMBERS - Johnson
ABSENT: COUNCIL MEMBERS - None
ABSTAIN: COUNCIL MEMBERS - None
ALICE M. REItVfCHE
City Clerk
98-113