HomeMy WebLinkAbout600-390-033 Paul Trust - Offer Letter 06-10-19
78-495 Calle Tampico | La Quinta | California 92253 | 760.777.7000 | www.La-Quinta.org
June 10, 2019
James R. Paul and Sharon L. Paul, Trustees of the
J. Paul and Shari Paul Charitable Remainder Trust, dated March 15, 2019
79440 Corporate Center Drive
La Quinta, CA 92253
Regarding: Dune Palms Road Bridge Project
City Project Number: 2011-05
Federal Project Number: BRNBIL (537)
Offer of Just Compensation and Appraisal Basis of Offer
Property Located at 79440 Corporate Center Drive, La Quinta, California
Assessor Parcel No.: 600‐390-033
Dear Property Owner:
The City of La Quinta, (hereinafter called the “City”), is proposing the construction
of the Dune Palms Road Bridge Project for the purpose of replacing the existing low water
crossing that spans the Coachella Valley Storm Water Channel at Dune Palms Road with a
Bridge. As presently planned, the proposed City project requires the purchase of a
Temporary Construction Easement (TCE), over a portion of your property located at 79770
Corporate Center Drive, in the City of La Quinta. The specific area proposed for the
easement is identified in the attached Exhibit “A” and delineated on Exhibit “B” (Property).
Therefore, pursuant to Government Code section 7267.2, City hereby makes a
formal offer to purchase a TCE over the portion of your property for the sum of $10,600.00
(Ten Thousand and Six Hundred No/100 Dollars), which is segregated as follows:
$ 10,600.00 Temporary Construction Easement
$ 0.00 Severance Damages
$ 0.00 Damages (Cost to Cure)
$ 10,600.00 Total Offer to Purchase (Rounded)
The amount offered is based upon an appraisal performed by the City, and is
explained in the enclosed Statement of Just Compensation and Summary Statement. This
offer is the full amount the City believes to be "Just Compensation" and is not less than the
approved appraisal of its fair market value. The amount of this offer does not include
compensation for any relocation benefits you may be entitled to receive. The City is offering
these amounts for title to all interests the City seeks to acquire; division of the amount
among other parties having any claims of ownership, lienholders, or any possessory or
other interests in the Property will be your responsibility.
Page 5
STATEMENT OF JUST COMPENSATION
Date of Offer:
June 10, 2019
Assessor's
Parcel:
600‐390-003
Property
Owner(s):
James R. Paul and Sharon L. Paul, Trustees of the
J. Paul and Shari Paul Charitable Remainder Trust, dated March 15,
2019
Property
Address:
79770 Corporate Center Drive, La Quinta, California
Legal
Description:
See Attached Exhibits “A” and “B”
Public Use for
Property:
Roadway, Public Utilities in conjunction with Bridge Improvements
Date of Value:
November 6, 2018
Estate to be
Acquired:
Temporary Construction Easement
Area to be
Acquired:
1,947 Square Feet of Temporary Construction Easement
Highest and
Best Use:
Highest and Best Use is defined as the reasonably probable and legal
use of land which is legally permissible, physically possible, and
financially feasible that results in the highest value. Highest and best
use analysis is used in the appraisal process to identify comparable
properties and, where applicable, to determine whether the existing
improvements should be retained, renovated, or demolished. The
result of the highest and best use analysis, as improved, is: to
Continued use of the existing improvements
Present Use: Multi-Tenant Business Park
Zoning: CP – Commercial Park for the development and regulation of heavy
commercial and light industrial uses located within the Highway 111
Corridor, as shown on the General Plan.
Improvements: The Larger Parcel is improved with a multi-tenant business park,
constructed in 2004, with a total building area of approximately 42,514
square feet. There are no building improvements physically located
within the proposed easement area; as such, no further description of
the building improvements is needed.