Sparks Utility Manager Andrew Hummel said the original estimate for Phase 1 of the project was about $16 million for installation of about 1,600 linear feet of reinforced concrete blocks for a culvert across Greg Street and within Larkin Circle as part of the overall project. The city allocated $12 million for the project in the fiscal year 2014 budget.
“The project limits for Phase 1 were chosen to minimize direct ‘double’ impacts to properties as much as possible, especially by setting the eastern (downstream) project limit east of Madison Avenue,” Hummel said in his staff report. “Any work within Larkin Circle requires construction of new water and gas facilities in that parcel. Therefore given the funding available and need to work near the downstream end of the project, it made sense to include construction of the box culvert within that parcel in this phase.
“By extending to the east of Madison Avenue, access will be able to be maintained to business during construction of Phase 1 and future phases.”
Hummel told the City Council that the “extra money” in allocated funds will be used for future projects concerning the North Truckee Drain. He said city staffers have been exploring options for continued building on the drain and he added that the funds would “be taken full advantage of.”
Following the City Council meeting, the group convened as the Sparks Redevelopment Agency and approved City Planner Armando Ornelas to conduct negotiations with LandCap Investment Partners, LLC for the 10.2-acre parcel on the east side of Marina Gateway Drive.
Ornelas said the property, which the city purchased several years ago for about $1.4 million, was appraised at $2.25 million. Negotiations for the property will be done with LandCap for $2.4 million
“This is a pretty good deal for the city,” Councilman Mike Carrigan said. “We, the City of Sparks, are not in the real estate business, but when it comes to this deal we are. A million dollars is something that is in the best interest of the city.”