SCMTD February 2004 Board of Directors Agendas - Santa Cruz ...

SANTA CRUZ METROPOLITAN TRANSIT DISTRICT
DATE: February 27, 2004
TO:
FROM:
SUBJECT:
Board of Directors
Frank L. Cheng, Project Manager
CONSIDERATION OF ADOPTION OF POLICIES AND PROCEDURES
FOR PROPERTY ACQUISITION AND RELOCATION
I. RECOMMENDED ACTION
That the Board of Directors adopt policies and procedures for property acquisition and
relocation.
II.
SUMMARY OF ISSUES
• METRO has never formally adopted procedures for property acquisition and
relocation.
• Formal policies and procedures must be in place for the MetroBase property
acquisition.
• METRO and the City of Santa Cruz Redevelopment Agency (RDA) have made
arrangements for relocation assistance to be implemented using the services of Pacific
Relocation Consultants (PRC) for the facilitation of payments.
III.
DISCUSSION
The Santa Cruz Metropolitan Transit District does not currently have formally adopted Policies
and Procedures for Property Acquisition. Formal policies are required for any legal action to
proceed in the process of acquiring the property necessary for the MetroBase Project.
METRO and the City of Santa Cruz RDA have retained the services of Pacific Relocation
Consultants, a qualified professional relocation firm, to facilitate the relocation component of the
property acquisition. In addition to financial assistance, other assistance to owners and/or tenants
involved would be referrals to suitable replacement locations and reestablishing business.
Each parcel of real property is different and therefore no single formula can be devised to
appraise all properties. An appraiser will determine this value taking into consideration similar
properties in the area, cost to replace or reproduce the improvements, equipment, and other
structures, less any depreciation.