Loading...
06. Rancho Rinconada ParkPUBLIC WORKS DEPARTMENT CUPERTINO Summary AGENDA ITEM _~ AGENDA DATE Februar-y 19, 2QQ8 SUBJECT AND ISSUE Adopt a resolution approving.the purchase of property from the San Jose Water Company for the development of the Rancho Rinconada Park at Sterling Boulevard and Barnhart Avenue in the amount of $1,500,000 and authorizing the City Manager to negotiate and execute all necessary documents to complete the acquisition. BACKGROUND ]n March of 1999, the area known as Rancho Rinconada in the northeastern part of the City was annexed from the County into the City of Cupertino. Part of the annexation included good faith commitments by the City to invest in infrastructure to restore to the greatest extent possible an area that had been deficient for some time. The City has since invested almost two million dollars in street maintenance and other work including the San Tomas Aquino trail system. However, even though Wilson Park and Creekside Park are nearby to the west, there is no public park space directly serving the residents in the Rancho Rinconada area. In June of 2007, the Council included funding for the acquisition and development of a property owned by the San Jose Water Company at the intersection of Sterling Boulevard and Barnhart Avenue to serve as a neighborhood park for residents of Rancho Rincoriada. As this property is adjacent to the San Tomas Aquino Trail, it will serve as a convenient trailhead as well. In January of 2008, staff had reached a tentative agreement on a price for the property of $1,500,000, which is consistent with the current market value of the properly as reported in current appraisals completed by the Water Company and the City. This agreement is subject to the approval of the City Council and the Water Company Boazd of Directors. Waxer Company staff has advised that, once the Council has approved the price, they will recommend approval by the Water Company Board. 6-1 FISCAL IMPACT The adopted 2007-2008 Capital Improvement Program includes $1,000,000 for acquisition of the Sterling Barnhart Park. A recommendation to increase this funding by $525,000 for a total of $1,525,000 in included in the mid-year budget adjustments on this Council Agenda for February 1.9, 2008. The purchase price is $1,500,000 and the additional $25,000 is to cover any closing costs or other expenses to complete the transaction. STAFF RECOM1VVliJNDATION Adopt Resolution No. 08 - d ~ ,approving the purchase of property from the San Jose Water Company for the development of the Rancho Rinconada Park at Sterling Boulevard and Barnhart Avenue in the amount of $1,500,000 and authorizing the City Manager to negotiate and execute all necessary documents to complete the acquisition., Submitted by: ~../st~ u u . _. Ralph A. Qualls, Jr. Director of Public Works Approved for submission: avid W. Knapp . City Manager 2 s-2 DRAFT RESOLUTION NO. OS-022 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CUPERTINO APPROVING THE PURCHASE OF PROPERTY FROM THE SAN JOSE WATER COMPANY AT STERLING BOULEVARD AND BARNHART AVENUE AND AUTHORIZING THE CITY MANAGER TO NEGOTIATE AND EXECUTE ALL NECESSARY DOCUMENTS TO COMPLETE THE ACQUISITION WHEREAS, in March of 1999, the area known as .Rancho Rinconada in the northeastern part of the City was annexed from the County into the City of Cupertino and part of the annexation included goad faith commitments by the City to invest in infrastructure; WHEREAS, the City has since invested almost two million dollars in street maintenance and other work; however, there is no public park space directly serving the residents in the Rancho Rinconada area; . WHEREAS, in June of 2007, the Council included funding for the acquisition and development of a property owned by the San Jose Water Company at the intersection of Sterling Boulevard and Barnhart Avenue to serve as a neighborhood park for the residents of Rancho Rinconada; WHEREAS, in January of 2008, a tentative agreement on a price of $1,500,000 for the property was reached and the agreement is subject to the approval of the City Council and the Water Company Board of Directors; NOW, THEREFORE, LET IT BE RESOLVED that the City Council of the City of Cupertino hereby approves the purchase of property from the San Jose Water Company for the development of the Rancho Rinconada Park at Sterling Boulevard and Barnhart Avenue in the amount of $1,500,000 and authorizes the City Manager to negotiate .and execute all necessary documents to complete the acquisition. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Cupertino this 19~' day of February 2008, by the following vote: Vote Members of the City Council AYES: NOES: ABSENT: ABSTAIN: ATTEST: City Clerk APPROVED: Mayor, City of Cupertino 6-3 Z lil w Q U TILSON AVE ,,.•'• ~~.J • ~ ~- ~___.____~ i I _ .._.... --_r---~~~,-_-,....._.~,,....~_ LLI j ' r -T"T`~-Ir--•~---z--- , Z BARNHART AVE ' i r ~ ~ t -' _I f __._~._ ~ -~--._.~..~...a.-.._-~ _ __ PENDERGAST AVE ~~~"~-~-'" •~~~ T ~ --r---; - ?----t _. _ TUGGLE AVE `• 'a'' i~~i ._ _ ~~ . I ~ ~~ r~ U ~ ~~ ~ ' ~ '~ ~~~~ ~ ~ i ~- ~ / ~ ..\ ;..r i ~ j i i ,ti;,; ; v ~ ~ i ~~~ i ~~ ~~. ~~ ~i ~~. _ ~, w U Z LLl g F- U ui w H Z ~ .' ~. ~ • ~. ~ ~ /` ~ ~ t3oLUrvcER p "TT, KIMBERL~` S r f t r (o ;/ N I ._I_. .~ Legend 6-4 PARK SITE ~ 1 I-__..._. _._,_ I ~ ~ F--- --- 1 L._._ i ----^ - _.._. _ ~. i i - , Z i-.__ _ _ - ~ _ ~ . ~... ~._ .., ' , r__. __... I ~ - -- -- l i ~ i f-.__._,.i ~ .-r ~ E ~ i I"._ T i ---I CRABTREE AVE ` .~