HomeMy WebLinkAbout74-124 - Finding Average Fair Market Value of Park LandRESOLUTION NO. 74-124
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, FINDING AND DETERMINING
THE POPULATION DENSITY FOR SINGLE AND MULTIPLE
FAMILY DWELLING UNITS, AND FINDING AND DETERMIN-
ING THE AVERAGE FAIR MARKET VALUE OF PARK LAND
WITHIN THE CITY.
WHEREAS, the City Council of the City of Costa Mesa is required to
find and determine the population density for single family and multiple
family dwelling units for park fee and land dedication purposes as set
forth in Section 13-401 and Section 13-488 of the Costa Mesa Municipal
Code; and
WHEREAS, the City Council is required to find and determine the
average fair market value of land in neighborhood public parks within
the City for park fee and land dedication purposes as set forth in
Section 13-404 and Section 13-490 of the Costa Mesa Municipal Code; and
WHEREAS, the population density figures for Costa Mesa are set
forth in the document General Housing Characteristics, California
HC (1) -A6, Bureau of the Census; and
WHEREAS, the average fair market value of park land in Costa Mesa
is set forth in the document, Supplemental Appraisal Report - Land
Acquisition Service, Incorporated, November 20, 1974;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Costa Mesa that the population density shall be set at 3.4 persons per
single family dwelling unit, and 2.4 persons per multiple family dwell-
ing unit for park fee and land dedication purposes; and
BE IT FURTHER RESOLVED that the average fair market value of park
land in Costa Mesa shall be set at $5,264, 432.00 for 98.302 acres, or
$53,553.66 per gross acre of park land.
PASSED AND ADOPTED this 17th day of December, 1974.
ATTEST:
01-i .-. , 14, -
Deputy City Clerk of the City of
Costa Mesa
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
Ma r of the City of Costa Mesa
I, EILEEN P. PHINNEY, City Clerk and ex -officio Clerk of the City
Council of the City of Costa Mesa hereby certify that the above and
foregoing Resolution No. 74-124 was duly and regularly passed and adopted
by the said City Council at a regular meeting thereof, held on the 17th
day of December, 1974.
IN WITNESS WHEREOF I have hereunto set my hand and affixed the Seal
of the City of Costa Mesa this 18th day of December, 1974.
91-�� ("7' (F --z e4'14 ^ �.
City Clerk and ex -officio lerk o e
City Council of the City of Costa esa
By:
V
H. &S -'1W
Deputy City Clerk of the City of Costa
Mesa