CC SR 20181107 J - Tax Defaulted Property PB Landslide Area APN 7572-008-014RANCHO PALOS VERDES CITY COUNCIL MEETING DATE: 11/07/2018
AGENDA REPORT AGENDA HEADING: Consent Calendar
AGENDA DESCRIPTION:
Consideration and possible action to sign the purchase agreement for a tax-defaulted
property in the Portuguese Bend landslide area (APN 7572-008-014)
RECOMMENDED COUNCIL ACTION:
(1) Authorize the Mayor and City Clerk to sign Chapter 8 Agreement 2803 to
purchase a tax-defaulted property in the Portuguese Bend landslide area (APN
7572-008-014) from the Los Angeles County Treasurer and Tax Collector.
FISCAL IMPACT: The County has set the purchase price for the property at $8,137.
Additional estimated costs include approximately $2,000 in County processing fees and
$2,000 for a Phase 1 Environmental Site Assessment, for a total expected cost of
$12,137.
Amount Budgeted: $25,000
Additional Appropriation: N/A
Account Number(s): 101-400-2999-8803
ORIGINATED BY: Kit Fox, AICP, Senior Administrative Analyst
REVIEWED BY: Gabriella Yap, Deputy City Manager
APPROVED BY: Doug Willmore, City Manager
ATTACHED SUPPORTING DOCUMENTS:
A. Draft Chapter 8 Agreement 2803 (page A-1)
BACKGROUND AND DISCUSSION:
On September 4, 2018, the City Council authorized Staff to pursue the acquisition of
three (3) tax-defaulted parcels in the Portuguese Bend landslide area for landslide
remediation purposes (click here to review the previous agenda report). Staff submitted
the necessary application and additional materials to the Los Angeles County Treasurer
and Tax Collector (TTC) on September 10, 2018. On October 11, 2018, Staff received
the draft Chapter 8 agreement for these properties from TTC (Attachment A). However,
on October 15, 2018, Staff received a subsequent letter from TTC advising that two (2)
of the properties had been redeemed by their owner (APNs 7572-008-022 and 7572-
008-023). An aerial photo depicting the redeemed and remaining properties is provided
below. Based upon the City Council’s direction on September 4, 2018, Staff
recommends proceeding with the purchase of the remaining property.
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TTC has set a purchase price for APN 7572-008-024 at $8,137. Additional costs
expected to complete the purchase include:
• County processing fees: ±$2,000
• Phase 1 Environmental Site Assessment: ±$2,000
There is currently $25,000 allocated in the FY18-19 budget for property acquisition, but
Staff expects that the sale is unlikely to be completed sooner than FY19-20. TTC
requires that the signed purchase agreement be returned no later than December 3,
2018.
ALTERNATIVES:
In addition to the Staff recommendation, the following alternative actions are available
for the City Council’s consideration:
1. Do not authorize the Mayor and City Clerk to sign Chapter 8 Agreement
2803.
2. Direct Staff to further research issues related to this acquisition, and bring
this matter back to the City Council for a final decision on or before
November 20, 2018.
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