To: MAYOR AND CITY COUNCIL
From: TED SEMAAN, PUBLIC WORKS DIRECTOR
TITLE
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APPROVE PURCHASE AGREEMENT FOR A PORTION OF THE PROPERTY AT 3615 INGLEWOOD AVENUE, REDONDO BEACH (PARTIAL FEE ACQUISITION) AND TEMPORARY CONSTRUCTION EASEMENT FOR SOUTHBOUND INGLEWOOD AVENUE RIGHT TURN AT MANHATTAN BEACH BOULEVARD PROJECT, JOB NO. 40960
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EXECUTIVE SUMMARY
A portion of private property at the northwest corner of Inglewood Avenue and Manhattan Beach Boulevard needs to be acquired for right of way in order to implement construction of the City's Southbound Inglewood Avenue Right Turn at Manhattan Beach Boulevard Project, Job No. 40960. Staff is seeking approval of a purchase agreement with the Redondo Beach Shopping Center, a Joint Venture (Fee Owner) and K & L Redondo Beach Partnership (Ground Lessee) to acquire a portion of the property at 3615 Inglewood Avenue, Redondo Beach, and for a temporary construction easement (TCE), for a price in the amount of $131,200 (One hundred thirty-one thousand two hundred dollars) for the City's Southbound Inglewood Avenue Right Turn at Manhattan Beach Boulevard Project, Job No. 40960. The City received $5,175,000 in Measure R South Bay Highway Program Grant Funds for this project from the Los Angeles County Metropolitan Transportation Authority (LACMTA). The purchase amount is to be divided between the Fee Owner and Ground Lessee per the purchase agreement and paid to each, respectively, through an escrow account.
Approval of this item will allow the City to purchase a piece of land from the owner of the property at 3615 Inglewood Avenue, Redondo Beach, having the parcel number 4149-006-026. The size of the land being purchased here is 552 sq. ft. and is required for the construction of a transition lane to a new right turn lane on southbound Inglewood Avenue at Manhattan Beach Boulevard. The City previously obtained a twelve-foot wide strip of land from the adjacent parcel for construction of the right turn lane ...
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