BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Conveyance of District Lands by Quitclaim Deed to Michael G. Akatiff and Christy D. Akatiff, Trustees of the Michael G. Akatiff and Christy D. Akatiff Revocable Trust, or Their Successors in Interest. APN 259-25-054; Real Estate File No. 3015-386.4 (San Jose) (District 2).
End
RECOMMENDATION:
Recommendation
A. Adopt a Resolution AUTHORIZING CONVEYANCE OF DISTRICT LANDS COMMONLY KNOWN AS ASSESSOR'S PARCEL NO. 259-25-054 BY QUITCLAIM DEED TO MICHAEL G. AKATIFF AND CHRISTY D. AKATIFF, TRUSTEES OF THE MICHAEL G. AKATIFF AND CHRISTY D. AKATIFF REVOCABLE TRUST, OR THEIR SUCCESSORS IN INTEREST;
B. Approve the Santa Clara Valley Water District Real Property Purchase and Sale Agreement Real Estate File No. 3015-386.4 and authorize the Chief Executive Officer to execute said agreement; and
C. Authorize the Chief Executive Officer to execute Quitclaim Deed 3015-386.4.
Body
SUMMARY:
BACKGROUND: Assessor's Parcel Number 259-25-054 (Property) (Attachment 4), containing approximately 3,400 square feet, was acquired in 1998 by the Santa Clara Valley Water District (SCVWD) along with other lands from Michael G. Akatiff and Christy D. Akatiff, Trustees of the Michael G. Akatiff and Christy D. Akatiff Revocable Trust (Akatiff) for the Guadalupe River Downtown Flood Protection Project. SCVWD acquired fee title to a total of 14,579 square feet and a temporary construction easement over an additional 8,741 square feet of real property for a total price of $572,600.00, including $230,000.00 in severance damages.
SCVWD acquired the Property to facilitate a proposed raising of an existing UPRR bridge across the Guadalupe River to accommodate the flood protection project. In the end, UPRR decided not to allow the construction of retaining walls to support track ballast material for the raised track profile. However, design changes and construction of the UPRR replacement bridge resulted in a less than anticipated elevation of the ...
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