Title
Acquisition of Real Property for the Plymouth Street Realignment.
Recommended Action
Take the following actions to acquire real property located at 1600 North Shoreline Boulevard, APN 116-10-070 (all); 1616 North Shoreline Boulevard, APN 116-10-086 (all); 1674 North Shoreline Boulevard, APN 116-10-085 (portion); and 1015 Joaquin Road, APN 116-10-097 (portion):
1. Approve the acquisition of the above-identified properties, in whole or in part (as the case may be), from Google LLC.
2. Acting in its capacity as the Board of Directors of the Shoreline Regional Park Community, transfer $28,500,000 from the Shoreline Regional Park Community Fund to the City for the purchase of the properties ($28,247,200) and incidental and administrative costs ($252,800).
3. Acting in its capacity as the City Council, approve a midyear capital improvement project entitled, “Acquisition of Real Property, Plymouth Street Realignment.”
4. Acting in its capacity as the City Council, appropriate $28,500,000 to the new capital project for the purchase of the properties ($28,247,200) and incidental and administrative costs ($252,800). (Five votes required)
5. Authorize the City/Community Manager or his designee to execute all documents and take all necessary actions related to the acquisition of the above-identified properties.