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88-1217 3 <br /> <br /> CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 88-164 <br /> <br /> RESOLUTION DECLARING A PORTION OF RED FEATHER DRIVF AS <br /> SURPLUS <br /> <br />WHEREAS, the City has a fee interest in a small parcel of land in <br /> Parcel E parallel to Red Feather Drive and is not needed <br /> for future public right-of-way for Red Feather Drive; <br /> and <br /> <br />WHEREAS, staff recommends the property be declared as surplus and <br /> be offered for sale; <br /> <br />NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br />RESOLVES AS FOLLOWS: <br /> <br />Section 1: Declares the parcel of land described on Exhibit "A" <br /> attached hereto and incorporated herein by this <br /> reference as surplus. <br /> <br />Section 2: The City determines that the market value for the <br /> fee interest in the property is $2.00 per square foot <br /> and $0.50 for land subject to a public service easement. <br /> <br />Section 3: The City finds that the most appropriate development <br /> pattern for the area is for use as plottage to the <br /> adjacent parcel, provided that the owner of the adjacent <br /> parcel is willing to pay the fair market value as stated <br /> above. <br /> <br />Section 4: After payment of the appropriate amounts, the City <br /> Manager is authorized to execute all appropriate <br /> documents to complete the subject real property transfer <br /> to the adjacent property owners. <br /> <br />Section 5: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br /> X ~rt~f that ~e forego~g is a correct cop}, <br /> <br /> Ade~ecl by the City Council of the City of <br /> <br /> P!ea~n~n, Alameda County, CaHfo~a, <br /> on .........' ' ....~.. ~ <br /> James R. Wal~ <br /> City Clerk <br /> <br /> <br />