HomeMy WebLinkAbout78-116 - Finding Average Fair Market Value of Park Landt / �
RESOLUTION NO. 78-116
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
COSTA MESA, CALIFORNIA, FINDING AND DETERMINING
THE AVERAGE FAIR MARKET VALUE OF PARK LAND WITH-
IN THE CITY.
WHEREAS, the City Council is required to find and determine the
average fair market of land in neighborhood public parks within the
�-- City, for park fee and land dedication purposes, as set forth in Sec-
tions 13-404 and 13-490 of the Costa Mesa Municipal Code; and
WHEREAS, the average fair market value park land in Costa Mesa is
set forth in the document, Appraisal Report - Strobel and Byer, 2192
Dupont Drive, Irvine, California, dated September 20, 1978; and
WHEREAS, the purchase price of the 35.276 -acre Canyon Park Site
was $725,000.00, or $20,522.00 per acre;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Costa Mesa that the average fair market value of park land in Costa Mesa
shall be set at $25,247,000.00 ($158,122.80 per gross acre) or $3.63 per
square foot of park land.
BE IT FURTHER RESOLVED that this Resolution shall take effect on
January 3, 1979.
PASSED AND ADOPTED this 4th day of December, 1978.
Mayor of the My 6f Costa Mesa
ATTEST:
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City Clerk of the City of COS7 Mesa
STATE OF CALIFORNIA }
COUNTY OF ORANGE ) SS
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. 78-116 was duly and regularly passed and
adopted by the said City Council at a regular meeting thereof, held on
the 4th day of December, 1978.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the
Seal of the City of Costa Mesa this 5th day of December, 1978.
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City Clerk and ex -officio Clerk of t
City Council of the City of Costa M