Manteca’s municipal coffers are about to come into some much needed cash - $940,000 to be exact - from the sale of two city-owned properties.
The Manteca Redevelopment Agency is purchasing the city owned parcels where Union Ice once stood on the corner of South Main and Moffat as well as at 250 Moffat where Fran’s Creative Upholstery currently is leasing a building from the city.
The prices were determined by a fair market appraisal. It is a legal transaction under state law and essentially will make the RDA the owner of the Manteca transit station property. Construction is targeted to start this fall on the $6.6 million transit station being built with Measure K funds and other non-general fund revenue.
The 7,000-square-foot, two-story station includes a 100-space parking lot on 3.1 acres on the southeast corner of Moffat Boulevard and South Main
It will include space for transit staff that encompasses dispatching functions, ticket and pass sales, offices for city and contractor staff, a lobby area, a break room for drivers, and a conference room that will be available for public use.
City Manager Steve Pinkerton, serving in his dual role as executive director of the RDA, is recommending the $940,000 be placed into the general fund emergency reserve as it is one-time money.
That means the city will have generated almost $1 million toward making sure there is not a deficit in the 2011-12 fiscal year. The city is also working on cost recovery fees for various municipal services primarily in the arena of community development as well as re-opening labor contracts to find ways to eliminate future deficits.
The co
The Manteca Redevelopment Agency is purchasing the city owned parcels where Union Ice once stood on the corner of South Main and Moffat as well as at 250 Moffat where Fran’s Creative Upholstery currently is leasing a building from the city.
The prices were determined by a fair market appraisal. It is a legal transaction under state law and essentially will make the RDA the owner of the Manteca transit station property. Construction is targeted to start this fall on the $6.6 million transit station being built with Measure K funds and other non-general fund revenue.
The 7,000-square-foot, two-story station includes a 100-space parking lot on 3.1 acres on the southeast corner of Moffat Boulevard and South Main
It will include space for transit staff that encompasses dispatching functions, ticket and pass sales, offices for city and contractor staff, a lobby area, a break room for drivers, and a conference room that will be available for public use.
City Manager Steve Pinkerton, serving in his dual role as executive director of the RDA, is recommending the $940,000 be placed into the general fund emergency reserve as it is one-time money.
That means the city will have generated almost $1 million toward making sure there is not a deficit in the 2011-12 fiscal year. The city is also working on cost recovery fees for various municipal services primarily in the arena of community development as well as re-opening labor contracts to find ways to eliminate future deficits.
The co
