COM 0981.000 2006-2008 - Laserfiche WebLink

Home

The ioliowing is a summation cif the originally pmpo ;ec easarnents° areas v4ih thc., E:oRo ,t,rli,~liG~d~ revised/updated appraisal valises and zt computation deriving tho overall per-a(w average tTiiu: _ Trail Easement 5 0.973 Acres $200,000 Trail Easement 6 0.298 Acres $ 10,000 Trail Easement 7 2,938 Arms 70 000 4.209 Acres $280,000 = $66,524.11/Acre Because time is of the essence in securing of the easements in order for trail design to commence and not jeopardize federal and county funding for the corresponding construction of the first segment of the trail, we had agreed that the per-acre value computed in the previous table would be utilized and applied proportionally to the increased area of taking. As such, the following is a summation of the current proposed easements' areas and a computation of the resulting lump sum value derived thereby. Trail Easement A 0.247 Acres x $66,524.11/Acre = $ 16,431.46 Trail Easement 5A 5.177 Acres x $66,524.11/Acre = $344,395.32 Trail Easement 7 3.043 Bergs x 66.6 4.1,1/Agrg = $202.1 .87 8.467 Acres $563,259.65 Pending your concurrence of the methodology and valuations applied to the current proposed easements' areas, the Department of Parks and Recreation and the Planning Department are willing to credit Parker Ranch the above stated land area and valuation against its Parker Ranch 2020 Master Plan fair share obligations. We have consulted with the Planning Director on this matter and he is in concurrence. Upon approval of your Board of Trustees on the trail easements' areas, alignments and valuation as proposed, we will request the Planning Department formalize the agreement and we can commence execution of the easement documents. I trust this letter, with the enclosures of the new proposed easement maps and metes and bounds, will be sufficient for Parker Ranch to move forward on approving the request. Should you have any questions, require clarification or need additional information, please contact James Komata, Park Planner at 961-8531. Since c ly, /Patrici~'~ Engelhard Director Encls: Lawrence Appraisal Group letter dated July 3, 2006 Trail Easement A Map and Metes & Bounds document (2 Copies) Trail Easement 5A Map and Metes & Bounds document (2 Copies) Trail Easement 7 Map and Metes & Bounds document (2 Copies) Copy: Kaz Shigezawa/Landscape Images, Inc. (via mail, w/o Ends) Greg Mooers/Mooers Enterprises (via mail, w/o Encls) Roy Takemoto/Crifiee of the Mayor (w/o Ends) Chris Yuen/Planning Department (w/o Encls)