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HomeMy WebLinkAboutStaff Report 188-07City City of Palo Alto Manager’s Report TO:HONORABLE CITY COUNCIL FROM:CITY MANAGER DEPARTMENT: UTILITIES DATE: SUBJECT: APRIL 9, 2007 CMR: 188:07 FOLLOW-UP ON THE EL CAMINO PARK PROPERTY ACQUISITION COSTS AND ALLOCATION OF FUNDS FOR THE EMERGENCY WATER SUPPLY PROJECT This is an informational report and no Council action is required. BACKGROUND At the March 5, 2007 Council meeting, staff was asked how the City’s portion of the property rights payment for E1 Camino Park would be processed. Staff has not yet completed its analysis, in part because a final appraisal was not available in a timely manner. Additionally, the City Attorney’s Office has requested more time to complete its analysis of a legally acceptable allocation of the funds. Staff will return to Council on May 21 with a list of potential fund allocation options for Council review and input. Staff has also continued the second reading of all five Park Improvement Ordinances associated with the Emergency Water Supply and Storage Project until the May 21 meeting. ~ PREPARED BY: DEPARTMENT APPROVAL: CITY MANAGER APPROVAL: ROGER W. CWIAK WGW Engineering Manager VALE’~/I ~ ~.r Ol FONG F ~R~ANK BENEST City Manager CMR:188:07 Page 1 of 1