1994-0412_CALIF, STATE OF_Staff Memo MEMORANDUM April 12, 1994
TO: William M. Huber, Director, Engineering & Building
FROM: Brian Perry, Senior Civil Engineer
SUBJECT: Multi Modal Parking Deck
There is apparent confusion between the not-to-exceed $400,1000 purchase price in the
Recommendation and the $450,000 Right-of-Way Acquisition budget in the Financial
Considerations and Resolution of the April 5, 1994 City Council Agenda Item on the above
subject project.
The Acquisition budget includes $50,000 more than the $400,000 not-to-exceed purchase price
to allow for property appraisal, negotiations, title report costs and related items.
In any event, this item is not an offer to purchase the property at$400,000 or$450,000. Such an
offer would have to be based on a property appraisal. Our best current information is that this
would be around$400,000.
If you need me to take any action, please let me know.
BP:ssg ap
cc: George Scarborough
Cheryl Johnson ✓"
Douglas Dumhart
Ted Simon
wpdocs\Briw\4-12mmd1.mem