Agenda Report for Quit Claim Deed to Isaiah Hugley
Initiator
Department of Engineering
Recommendation
Approval is requested to execute a Quit Claim Deed to Isaiah Hugley, Sr. and \n \n Carolyn F. Hugley in exchange for property needed for the St. Mary's widening \n \n Project STP-8038(7).
Approval
Approved
Background
The City is in the process of buying Right of Way for St. Mary's Road Widening
Project (from Buena Vista Road to Robin Road). In the process of acquisition,
the city needs to acquire property from the Hugley's at 3312 St. Mary's Road
(parcel 9). Adjacent to the Hugley's property is a parcel (6r) that we had to
purchase, leaving a remainder that is too small or odd shaped to be
functional. The Hugley's requested the city trade them a portion of said
property for the fair market value of the uneconomic remaining property. We
will subtract the value from the negotiated amount paid to the Hugley's thus
offsetting the right of way cost for the city. Because of the positions that
Mr. and Mrs. Hugley hold, a disclosure document will be filed in the Clerk of
Council Office.
Analysis
Said property is a remainder of property needed for right of way. This action
is supported by the City Charter Sec. 7-501(4).
Financial Considerations
Exchanging the property saves right of way cost and keeps the property on the
Tax Digest.
Projected Annual Fiscal Impact Statement
Legal Considerations
The City Attorney has no objections to this ref: the City Charter 7-501(4).
Recommendations/ Actions
Authorize the City Manager to execute a Quit Claim to of said uneconomic
remainder to Isaiah Hugley,Sr. and Carolyn F. Hugley in exchange for the Fair
Market Value of said uneconomic remaining property, being the difference
between the Fair Market Value of the required right of way of the Hugley
property less the Fair Market Value of the remaining property (parcel 6r) for
0.226 acres of property on St. Mary's Widening Project.