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08 August 30, 1995 Property Development019092 RIVERSIDE COUNTY TRANSPORTATIOYST IISSION h Lr 28 95 PROPERTY DEVELOPMENT CONIlVIIT". R�ry����n (COMMISSIONERS TOM MULLEN, JOHN TAVAGLIONE, .i 01T8ER) WEDNESDAY, AUGUST 30, 1995 10:00 A.M. RIVERSIDE COUNTY TRANSPORTATION COMMISSION 3560 UNIVERSITY AVENUE, STE. 100 RIVERSIDE, CALIFORNIA AGENDA 1. Call to Order. 2. Public Comments. 3. Classification and Valuation of RCTC Properties Overview Incorporated in this report is the classification of all properties and the valuation of the miscellaneous parcels which were included. in the purchase of the Santa Fe Railway Property. Staff recommendation is to accept the classification and valuation of RCTC properties as stated. 4. Transfer of Prophyry Spur Overview This is an unresolved item regarding the RCTC 1992 purchase of tracks from the Atchison, Topeka and Santa Fe Railway Company. Title has not yet been conveyed to RCTC. Staff recommendation is to secure the Prophyry Spur in fee title and determine whether to negotiate a sale agreement with 3M. 5. Rail Right -of -Way - Outdoor Advertising There are concerns relating to the types of advertising on billboards located on RCTC-owned rails right-of-way properties. Legal Counsel will provide information whether the Commission could limit advertising on the billboards and if a policy could be adopted. 6. Adjournment