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Subject
title
Approval to Sell Surplus Land for the Interstate 5 Improvement Project Between State Route 73 and Oso Parkway
overview
Overview
The Orange County Transportation Authority’s Interstate 5 Improvement Project between State Route 73 and Oso Parkway required the acquisition of property rights from public and private parties, adjacent to the existing freeway and city streets. Now approximately 10,148 square feet of vacant commercial property, located at the corner of Camino Capistrano and Avery Parkway in the City of Laguna Niguel and identified as Assessor Parcel No. 637-231-01, is recommended to be sold as surplus land by the Orange County Transportation Authority. Therefore, staff is seeking approval to sell the vacant land as surplus land under the Surplus Land Act (Government Code Section 54220 et seq.).
recommendation
Recommendation(s)
A. Direct staff to sell the surplus land located within the Interstate 5 Improvement Project between State Route 73 and Oso Parkway.
B. Authorize the Chief Executive Officer to negotiate and execute the necessary documents to complete the sale of the surplus land for the offer price of $172,516.