City Council

(26) 22-1290 CD 14 COMMUNICATION FROM THE BUREAU OF ENGINEERING (BOE) and ORDINANCE FIRST CONSIDERATION relative to the sale of certain easements, located at Chelsea Street, West of Tremont Street, Los Angeles California 90033, to the Los Angeles County Metropolitan Transportation Authority, a public agency (LACMTA), in order to facilitate the development of the Marengo Siding Extension Improvements Project by LACMTA and the Southern California Regional Rail Authority, a joint powers authority (SCRRA), as part of SCRRA’s Southern California Optimized Rail Enhancements program. Recommendations for Council action, SUBJECT TO THE APPROVAL OF THE MAYOR: 1. PRESENT and ADOPT the accompanying ORDINANCE (Sale Ordinance), dated February 13, 2025, authorizing and providing for the sale of certain easements to the LACMTA, a public agency, in order to facilitate the development of the Marengo Siding Extension Improvements Project by LACMTA and the SCRRA, a joint powers authority, as part of SCRRA’s Southern California Optimized Rail Enhancements program. 2. AUTHORIZE the Bureau of Engineering (BOE) to execute the Purchase and Sale Agreement and Joint Escrow Instructions, included as Exhibit F of the BOE report dated February 4, 2025, attached to the Council file, and related transactional documents based on the terms specified in the Sale Ordinance authorizing the sale of the property interests owned by the City located at Chelsea Street, West of Tremont Street, Los Angeles, California 90033 (Property), which is comprised of a 1,110 square-foot Permanent Easement across a portion of the Property (Parcel A), and a 2,590 square foot, 36 month Temporary Construction Easement (Parcel B), which are also described in Exhibits B and C and depicted in Exhibits D and E respectively (together as Properties), stated in said BOE report, to the LACMTA, for the negotiated sale price of $149,000. 3. INSTRUCT the Board of Public Works, Office of Accounting to complete the transactions outlined in the Sale Ordinance, process the necessary documentation to execute the sale and deposit the sale proceeds, less yet to be determined closing costs, into the General Fund No. 100/50, Revenue Source Code No. 5188. Fiscal Impact Statement: The BOE states that the City Administrative Officer, per the Motion (Krekorian – Blumenfield) dated October 28, 2022, attached to the Council file, has identified the fund account where proceeds will be deposited as the General Fund No. 100/50, Revenue Source Code No. 5188.