STRATEGIC PRIORITY: Transportation & Infrastructure
AGENDA DATE: January 26, 2022
COUNCIL DISTRICT(S): 1
DEPARTMENT: Department of Public Works
EXECUTIVE: Majed Al-Ghafry
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SUBJECT
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An ordinance abandoning a portion of Ninth Street to Bishop Arts Village LLC, Bishop Arts Phase 1A LLC, Bishop North LLC, and Bishop Arts Holdings LLC the abutting owners, containing approximately 30,000 square feet of land, located near the intersection of Ninth Street and Bishop Avenue; and authorizing the quitclaim and providing for the dedication of approximately 13,100 square feet of land needed for a water, drainage and private drive easement - Revenue: General Capital Reserve Fund ($586,500.00 $566,500.00) and General Fund ($20,000.00), plus the $20.00 ordinance publication fee
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BACKGROUND
This item authorizes the abandonment of a portion of Ninth Street to Bishop Arts Village LLC, Bishop Arts Phase 1A LLC, Bishop North LLC, and Bishop Arts Holdings LLC the abutting owners, containing approximately 30,000 square feet of land. The area will be included with the property of the abutting owners for a drainage, water and public access easement. The owners will dedicate no less than approximately 13,100 square feet of land needed for a water, drainage and private drive easement. The abandonment fee is based on an independent appraisal.
Notices were sent to 30 property owners located within 300 feet of the proposed abandonment area. There were no responses received in opposition to this request.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Revenue: General Capital Reserve Fund ($586,500.00 $566,500.00) and General Fund ($20,000.00), plus the $20.00 ordinance publication fee
OWNERS
Bishop Arts Village LLC
Exxir Capital, Manager
Farrokh Nazerian, Managing Member
Bishop Arts Phase 1A LLC
Michael Nazerian, Director
Bishop North LLC
Bishop North Investment, LLC
Michael Nazerian, Managing Member
Bishop Arts Holdings LLC
Hudson Henley, Director
MAP
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