AgdaPkt 2012-10-08 - Laserfiche WebLink

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8.A. - Page 12 The Project Team should follow the steps set forth below to ensure that the acquisition of real property is handled in accordance with applicable laws and regulations. There may be exceptions necessary or appropriate on a transaction-by-transaction basis, particularly with respect to dedications as a result of land use approvals. 1. Preliminary Site Identification and Investigation of Value. In addition to those instances when private parties approach the City to propose the sale of real property, the City Manager may from time to time ascertain the availability of funds to acquire properties in conformance with the strategic objectives identified for land acquisition and identify certain parcels of real property situated in or near the City believed to be necessary or suitable for public purposes. The City Manager will typically utilize informal means, such as reported listings and broker information, for estimating the market value of the potential acquisition site in order to determine whether opportunities should be pursued. 2. Informal City Council Approval. In a closed session pursuant to Government Code section 54956.8, the City Council should authorize the City Manager to undertake negotiations for the acquisition of a particular parcel and provide direction on price and terms of the acquisition. The City Attorney should be consulted to properly agendize the closed session. The notice for the closed session and the agenda shall identify the subject real property and the person(s) with whom the City Manager may negotiate. Formal City Council approval at a public meeting will still be necessary at a subsequent stage of the process to finalize an acquisition. 3. Appraisal. For purchases, the City Manager shall retain the services of a qualified independent real property appraiser so that the City has a formal valuation of the acquisition parcel and is aware of the reasons supporting that value. Having an appraisal done can provide an assurance that a proposed acquisition will not result in a gift of public funds. The owner of the parcel shall be informed that an appraisal is being prepared and shall be given an opportunity to accompany the appraiser upon an inspection of the property. Generally under State law, the City is required to offer the appraised value for the purchase of the parcel when acquisition by ATTY/POLICIES/PROPERTY ACQUISITION AND DISPOSITION PROCEDURES REV:10-04-12 PT Page 7 of 21