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HomeMy WebLinkAboutID# 15-867 Long Range Property Managment PlanOVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: VICE CHAIR KELLEY AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: DECEMBER 15, 2015 SUBJECT: LONG RANGE PROPERTY MANAGEMENT PLAN Recommendation It is recommended that the Oversight Board to the Successor Agency receive a status report and consider requested clarifications and revisions to the Long Range Property Management Plan for Successor Agency Properties. Background On October 22, 2013, the Oversight Board approved the Long Range Property Management Plan for Successor Agency Properties ( LRPMP). A copy of the October 2013 staff report and the LMPMP are attached Discussion Following review of the LRPMP, the Department of Finance requested additional information, clarification and revision. Successor Agency staff is finalizing those discussions with the DOF and will present a summary to the Oversight Board at its December 15, 2015 meeting. Prepared by: Barbara Leibold, Successor Agency Counsel Attachments: October 22, 2013 OB Staff Report Long Range Property Management Plan I , I _.. AGENDA Page I OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE TO: CHAIRMAN WILLIAMS AND MEMBERS OF THE OVERSIGHT BOARD FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL DATE: OCTOBER 22, 2013 SUBJECT: LONG RANGE PROPERTY MANAGEMENT PLAN Recommendation It is recommended that the Oversight Board to the Successor Agency adopt Resolution OB 2013 -009, A Resolution of the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore Approving a Long Range Property Management Plan for Successor Agency Properties. Background On December 29, 2011, the California Supreme Court issued its decision in the California Redevelopment Association v. Matosantos case, finding ABx1 26 (the "Dissolution Act ") largely constitutional. The Court's decision dissolved the Redevelopment Agency of the City of Lake Elsinore (the "Redevelopment Agency ") along with all other redevelopment agencies in the state effective February 1, 2012. The City of Lake Elsinore (the "City ") elected to be the "Successor Agency" to the former Redevelopment Agency in accordance with the Dissolution Act. On June 27, 2012, AB 1484 was signed by Governor Brown and took immediate effect. AB 1484 made technical and substantive amendments to the Dissolution Act and required successor agencies to conduct a due diligence review to determine the unobligated cash balances available for transfer to taxing entities in both the housing fund and all other non - housing funds of the former Redevelopment Agency. Both the housing fund and non - housing fund due diligence reviews have been completed and accepted by the State Department of Finance (DOF). As part of AB 1484, those agencies who have received approval of their due diligence reviews are granted a "Finding of Completion ". On April 26, 2013, the DOF issued a Finding of Completion to the Successor Agency. Pursuant to Health and Safety Code Section 34191.5(b), within six months after receiving a Finding of Completion from the DOF, the Successor Agency is required to submit for approval to the Oversight Board and the DOF a Long Range Property Management Plan (Management Plan) that addresses the disposition and use of the real properties owned by the Successor Agency. AGENDA ITEM 3 Page 1 Long Range Property Management Plan October 22, 2013 Page 2 The Management Plan includes an inventory of all non - housing real property assets of the former Redevelopment Agency now held by the Successor Agency. The Management Plan does not include housing real property that was transferred to the City as Housing Successor. The properties acquired by the former Redevelopment Agency for low and moderate income housing purposes are exempt from the Management Plan and are not required to be disposed of pursuant to the requirements of AB 1484. The Successor Agency held a Study Session on October 8, 2013 discussing the forty eight (48) separate legal parcels owned by the Successor Agency and the proposed characterization of each property or grouping of parcels in the Management Plan. Discussion Overview of Management Plan: As of the date of dissolution, the former Redevelopment Agency owned 55 parcels, 7 of which were acquired for affordable housing purposes and are not addressed in this report or included as part of the Management Plan. In accordance with Section 34191.5(c)(1) of the California Health & Safety Code, the Management Plan includes an inventory of the remaining 48 parcels owned by the Successor Agency. The inventory consists of the following information: • The date of the acquisition of the property and the value of the property at that time, and an estimate of the current value of the property. • The purpose for which the property was acquired. • Parcel data, including address, lot size, and current zoning in the former agency redevelopment plan or specific, community, or general plan. • An estimate of the current value of the parcel including, if available, any appraisal information. • An estimate of any lease, rental, or any other revenues generated by the property, and a description of the contractual requirements for the disposition of those funds. • The history of environmental contamination, including designation as a brownfield site, any related environmental studies, and history of any remediation efforts. • A description of the property's potential for transit - oriented development and the advancement of the planning objectives of the successor agency. • A brief history of previous development proposals and activity, including the rental or lease of property. AGENDA ITEM 3 Page Long Range Property Management Plan October 22, 2013 Page 3 The Management Plan also addresses the proposed use or disposition of all of the properties within one of four categories as follows: • Governmental Purpose Use — properties used for a governmental purpose such as roads, school buildings, parks, police and fire stations, libraries, and local agency administrative buildings to be retained by the Successor Agency or conveyed to the City or appropriate public agency • Enforceable Obligation Use - properties to be held by the Successor Agency to fulfill an enforceable obligation • Properties to be Held for Future Development — properties to be transferred to the City for future development for a project identified in an approved redevelopment plan and for advancement of the planning objectives of the Successor Agency • Properties to be Sold — properties to be sold for development in a manner consistent with the Dissolution Act and the proceeds from the sale distributed as property tax to the taxing entities The Management Plan separately identifies and lists properties dedicated to governmental use and properties retained for purposes of fulfilling an enforceable obligation (HSC Section 34191.5(c)(2)). Property designated for governmental purpose can be transferred to the City for that purpose in accordance with any existing agreements. Properties transferred to a private or public agency may be subject to compensation requirements and distribution of income to affected taxing entities in proportion to their respective property tax shares. If a property is not being used for a governmental purpose (per HSC Section 34181(a)) and will not be used to pay enforceable obligations, but instead will be used or liquidated to complete a project in an approved redevelopment plan, then the property must be transferred to the City per HSC Section 34191.5(c)(2)(A). After the transfer is complete, the City may determine how to use the asset. Properties shall not be transferred to a city, county, or city and county, unless the Management Plan has been approved by the Oversight Board and the Department of Finance. Summary of Management Plan: The Management Plan indicates that eighteen (18) parcels should be transferred to the City for a governmental use and that three (3) parcels should be retained by the Successor Agency to satisfy enforceable obligations. The remaining twenty seven (27) parcels are recommended for sale either immediately or in the future, with the proceeds to be used to pay enforceable obligations or distributed to the taxing entities. Of the properties to be sold, the Management Plan states that twenty two (22) properties are to be held for future development pursuant to a Request for Proposal (RFP) process in order to advance the planning objectives of the City and the Redevelopment Plans. The remaining five (5) properties are to be sold upon approval by the Department of Finance of the Management Plan. �. move •_ Long Range Property Management Plan October 22, 2013 Page 4 Properties to be Retained for Governmental Use: The Successor Agency considers the properties listed below to be dedicated to governmental purposes. The Management Plan includes a detailed discussion about each property and why it should be retained as a governmental purpose property. The Management Plan recommends that title to these properties be transferred to the City so that they can be retained by the City for the appropriate governmental purpose. • Lake Elsinore Senior Activities Center • Lake Elsinore Cultural Center • Downtown Parking /Alley (6 parcels) • Conservation Easement (2 parcels) • Floodway (2 parcels) • Gazebo Property /Historic Preservation • Cultural Center Parking /Business Incubator Properties (5 parcels) Properties to be Retained for Purposes of Fulfilling an Enforceable Obligation: The Management Plan must separately identify and list properties retained for purposes of fulfilling an enforceable obligation (HSC Section 34191.5(c)(2)). Only the two properties comprised of three individual legal parcels owned by the Successor Agency as listed below are subject to enforceable obligations: • Exchange Parcel to be Conveyed pursuant to Summerly DDA • Lake Elsinore Diamond Stadium (2 parcels) The former Redevelopment Agency of the City of Lake Elsinore entered into an Amended and Restated Disposition and Development Agreement dated as of March 8, 2011 with McMillin Summerly LLC and Civic Partners - Elsinore LLC (Summerly DDA). The Summerly DDA has been listed as an enforceable obligation on each Recognized Obligation Payment Schedule (ROPS) submitted by the Successor Agency. The Summerly DDA requires the conveyance of the Exchange Parcel, subject to a number of conditions set forth in the DDA. The Lake Elsinore Diamond Stadium is currently subject to five (5) contracts which constitute enforceable obligations of the Successor Agency and were listed on previous ROPS (as applicable) as well as on lines 29 through 33 of the ROPS 13 -14B. Further, the Diamond Stadium property was donated to the Agency subject to a restrictive covenant requiring the property to be developed and operated as a professional minor league baseball stadium. As a result, the Diamond Stadium is required to be retained by the Successor Agency to fulfill its enforceable obligations under the Stadium Operations Contracts and the covenant that the property be operated as a baseball stadium. AGENDA ITEM 3 • _. 4 Long Range Property Management Plan October 22, 2013 Page 5 Properties To Be Held for Future Development: If a property is not being used for a governmental purpose (per HSC Section 34181(a)) and will not be used to satisfy enforceable obligations, but instead will be used or liquidated to complete a project in an approved redevelopment plan, then the property must be transferred to the City per HSC Section 34191.5(c)(2)(A). After the transfer is complete, the City may determine how to use the asset. The Management Plan lists twenty two (22) properties as held for future development subject to an RFP process in order to advance the planning objectives of the City and the Redevelopment Plan. The Management Plan discusses the potential for each parcel. The proceeds from the sale of these properties will either be used to pay enforceable obligations or be distributed as property tax to the taxing entities. Properties to be Sold and the Proceeds from the Sale distributed as Property Tax to the Taxing Entities: The Management Plan lists five (5) properties to be sold upon approval by the Department of Finance of the Management Plan. The proceeds from the sale of these properties will be distributed as property tax to the taxing entities. Further Actions: Following approval by the Successor Agency and the Oversight Board, the Management Plan will be submitted to the DOF. There is no time frame specified by AB 1484 for DOF's review and approval of the Management Plan. Fiscal Impact Approval of the Management Plan will have no immediate fiscal impact on the Successor Agency. Costs associated with conveyance of properties to the City will include document recordation and processing. The actual costs are unknown at this time. Costs associated with the proposed merger of properties and the conveyance of properties to private entities will include City processing and recording fees, appraisal fees, RFP preparation, document preparation, escrow, title, legal and recording fees. The Successor Agency's share of these costs will be paid for from the proceeds of the sales. The balance of the property sale proceeds will be allocated to pay enforceable obligations or paid to the County for distribution to affected taxing entities. Prepared by: Barbara Leibold, City Attorney /Successor Agency Counsel Attachments: Resolution No. OB- 2013 -009 Successor Agency Property List and Maps Long Range Property Management Plan DOF Checklist Long Range Property Management Plan — distributed under separate cover to the Oversight Board and available for public review at the City Clerk's office TABLE OF CONTENTS A. Overview of Properties Introduction List of Properties Map of Properties B. Governmental Purpose Properties Map of Governmental Purpose Properties Parcels #1 & #2 - Conservation Easements Parcels #3 through #7 — Cultural Center /Downtown Parking Parcels #13 & #16 — Floodway Parcels Parcel #17 — Senior Activities Center Parcel #24 — Historic Preservation Parcel #37 — Cultural Center Parcels #38 & #39 — Downtown Parking Parcel #40 — Downtown Parking Parcel #41 - Downtown Parking Parcel #42 — Downtown Parking Parcel #43— Downtown Parking C, Enforceable Obligation Use Map of Enforceable Obligation Use Properties Parcel #12 — Exchange Parcel per DDA Parcels #14 & #15 — Lake Elsinore Diamond Stadium D. Properties to be Held For Future Development Map of Properties To Be Held for Future Development Parcels #18 through #21 — Pottery /Spring (adjacent to Flood Control Channel) Parcels #25 through #36 — Spring Street (adjacent to Flood Control Channel) Parcels #44 through #48 — Spring /Limited Parcel #56 — Silver /Minthorn E. Properties to be Sold Map of Properties To Be Sold Parcels #8 & #11 — Franklin & Ellis Parcels #9 & #10 — Franklin & Ellis Parcel #57 — Sumner & Ellis INTRODUCTION On December 29, 2011, the California Supreme Court issued its decision in the California Redevelopment Association v. Matosantos case, finding ABx1 26 (the "Dissolution Act ") largely constitutional. The Court's decision dissolved the Redevelopment Agency of the City of Lake Elsinore (the "Redevelopment Agency ") along with all other redevelopment agencies in the state effective February 1, 2012. The City of Lake Elsinore elected to be the "Successor Agency" to the former Redevelopment Agency in accordance with the Dissolution Act. On June 27, 2012, Governor Brown signed into law Assembly Bill 1484 that made technical and substantive amendments to the Dissolution Act. One of the key components of AB 1484 is the requirement that the Successor Agency submit for approval to the Oversight Board and the Department of Finance (DOF) a Long Range Property Management Plan (Management Plan) that governs the disposition and use of all non - housing real properties owned by the Successor Agency. As of the date of dissolution, the former Redevelopment Agency owned 48 parcels which are inventoried in this Management Plan in accordance with Section 34191.5(c)(1) of the California Health & Safety Code. The inventory consists of the following information: • The date of the acquisition of the property and the value of the property at that time, and an estimate of the current value of the property. • The purpose for which the property was acquired. • Parcel data, including address, lot size, and current zoning in the former agency redevelopment plan or specific, community, or general plan. • An estimate of the current value of the parcel including, if available, any appraisal information. • An estimate of any lease, rental, or any other revenues generated by the property, and a description of the contractual requirements for the disposition of those funds. • The history of environmental contamination, including designation as a brownfield site, any related environmental studies, and history of any remediation efforts. • A description of the property's potential for transit - oriented development and the advancement of the planning objectives of the successor agency. • A brief history of previous development proposals and activity, including the rental or lease of property. The Management Plan includes a map of each of the Successor Agency properties followed by individual property data sheets, parcel maps, aerials and photographs depicting each of the properties. The properties are grouped according to the proposed use or disposition of all of the properties within one of four categories as follows: Governmental Purpose Use — properties used for a governmental purpose such as roads, school buildings, parks, police and fire stations, libraries, and local agency administrative buildings to be retained by the Successor Agency or conveyed to the City or appropriate public agency • Enforceable Obligation Use - properties to be held by the Successor Agency to fulfill an enforceable obligation Properties to be Held for Future Development — properties to be transferred to the City for future development for a project identified in an approved redevelopment plan and for advancement of the planning objectives of the Successor Agency • Properties to be Sold — properties to be sold for development in a manner consistent with the Dissolution Act and the proceeds from the sale distributed as property tax to the taxing entities N W H W CL O cc M U z w 0 Q cc O U) U) w U U N I O E E U U U U U J C C C C C C Q C ca C QL o N N N N N O ro O C E Emmmmm ninem ° N O 0 N �. wwaaaaaa EE c m o m m o 0 a a a a N m a a a a a a a a a a 0 O O U Q O U c LL LL LL LL LL LL LL LL LL LL LL LL LL LL in in D U U U U V 0 C CE CE CE a 22 CE CE¢ CE CE CE 2 CC x N ° .O ;0 0 3 `o_c��c cEC�cecccc a-o O O ''- O 'C N N N N m O N N N Ul N. 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(7 C7 z 3 mmmmmmm a a a a o a j p w 000 0 0g 0Q o`ro Z Z r Z' .r- .r- Z Z Z Z Z Z Z Q Q Q Q Q Q¢ Z N M LOd'LOMit OrMd' nMtOmOmO NMnn': m (O O 0 0 O O O N CO N CO M M CO M 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 CO CO O N c0 (D nnn (O (O (O (D n n n n n m m N N N N N M Oi —q N N N N N N' N N N N N M M M M M N v4t It v.vavt It mm0LOm nmr� n n n n n n n n n n n n n n n nnn n n n n m m m co M M m m m co (O M Co Co Co Co I M M M M M M M iO (o n m m 0 N Nt m mr t l w n W m 0 N m d' t ( n M M m M M a V d* It d' Nt V�� �A m t0 i m � (O Governmental Purpose Use — properties used for a governmental purpose such as roads, school buildings, parks, police and fire stations, libraries, and local agency administrative buildings to be retained by the Successor Agency or conveyed to the City or appropriate public agency The Successor Agency's Governmental Purpose properties include a senior activities center, a cultural center, conservation and floodway properties, a historic site and 11 parcels comprising approximately 2.21 acres of downtown public parking. A map of the properties followed by individual property data sheets, parcel maps, aerials and photographs depicting each of the Governmental Purpose properties listed below are included in this Section. Parcel # references correspond to the Maps. Governmental Purpose Properties: Parcels #1 & #2 - Conservation Easements Parcels #3 through #7 — Cultural Center /Downtown Parking Parcels #13 & #16 — F000dway Parcels Parcel #17 — Senior Activities Center Parcel #24 — Historic Preservation Parcel #37 — Cultural Center Parcels #38 & #39 — Downtown Parking Parcel #40 — Downtown Parking Parcel #41 - Downtown Parking Parcel #42 — Downtown Parking Parcel #43— Downtown Parking CITY OP LAKE ELSINORE LAU SUCCESSOR AGENCY PROPERTIES m PROPERTIES BE RETAINED FOR GOVERNMENT PURPOSE Map ID #1 & #2: Governmental Purpose Conservation Easement APN: #1: 371- 030 -024 — - -- — #2:373- 030 -051 Address: Vacant land Lot Size: #1:.14 acres #2: 5.02 acres Land Use/Zoning: Eastlake Specific Plan; Open Space The Parcels provide mitigation for development impacts of the East Lake Specific Plan pursuant to requirements of the ACOE Section 404 Permit No. 2004 - 00748 -RRS (the "Section 404 Permit") and CDFG Section 1602 Streambed Alteration Agreement No. 1600- 2004 - 0130 -R6 ( "Section 1600 Agreement "), The Conservation Easements are granted to satisfy Special Condition D of the Section 404 Permit and Condition 12 of the Section 1600 Agreement. Pursuant to the Conservation Easement, the properties are and will be preserved in their natural, scenic, open condition to maintain its ecological, historical, visual and educational values (collectively, "Conservation Values "). The Conservation Values are consistent with the habitat conservation purposes of the Western Riverside County Multiple Species Habitat Conservation Plan ( "MSHCP" ). Acquisition Date (AD): Unknown Acquisition Purpose: Properties were likely acquired as part of the Lake Management Project. Purchase Price/Value @ AD: Unknown Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: _ Environmental Unknown Contamination History_ Potential transit oriented No development potential. development (TOD) and advancement of Successor A enc tannin ob'ectives: History Previous A portion of the properties are subject to a Grant of Easement by the Development Successor Agency to McMillin Summerly LLC for golf cart access, Proposals /Activity: maintenance and utility. This easement was contemplated as part of the Summerly Project entitlements and is essential to the operation of the Golf Course and consistent with the conservation easement affecting the balance of these and adjacent City -owned properties. Proposed Use /Disposition: The properties should be retained for Governmental Purpose and conveyed to the City of Lake Elsinore subject to the Conservation Easement in favor of Western Riverside County Regional Conservation Authority (RCA) and subject to that portion affected by the access, maintenance and utility easement in favor of McMillin Summerly. Habitat conservation /mitigation and flood storage are governmental purposes pursuant to Section 1600 of the California Fish and Game Code, Section 404 of the Clean Water Act, the California Environmental Quality Act and the MSHCP. Notes: In accordance with applicable laws, permits and agreements, the Conservation Easement affecting these and adjacent City -owned properties has been submitted for approval by the RCA and ACOE. i +tj Xq y 1A + f AV /e tt� �r aj r .�a _ - a rig. •✓ is 5 + e N N r _...Tn.8n_._....._..__ il.g V) 4, c v E C) V) m w O v c O u I N 4t 06 4k Map ID #3, #4, #5, #6 & #7: Governmental Purpose — Cultural Center /Downtown Parking APW #3: 373 - 023 -011 #4: 373 - 023 -012 #5: 373 - 023 -015 #6: 373 - 023 -024 47: 373- 023 -025 #5 — 132 E. Heald, Lake Elsinore Address: #6 — 154 N. Main, Lake Elsinore #7 — 150 N. Main, Lake Elsinore _ Lot Size: #3 -.13 acre #4 - .16 acre #5 - .19 acre #6 — 1.06 acre #7 - .12 acre Land Use/Zoning: Downtown Master Plan #3; #4; #5 High Density Residential; #6; #7 Commercial Mixed Use Acquisition Date (AD): 3/20/09 Acquisition Purpose: Business Incubator/ Lake Elsinore Technology Center Site Purchase Price/Value Q AD: $1,238,000 Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Phase I environmental assessment conducted in 2009 — no history of Contamination History: environmental contamination. Potential transit oriented The property is located at the boundary of the Cultural and Historic development (TOD) and Districts of the Downtown Master Plan across from the Cultural Center advancement of Successor as part of the "Key to Downtown" Implementation Plan. These planning Agency planning objectives: tools were funded in part by the former Redevelopment Agency and federal and state grants. Development and rehabilitation pursuant to the Downtown Master Plan and implementing documents are important goals and objectives of the former Redevelopment Agency under the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009 -2014 Redevelopment & Housing Implementation Plan. History Previous Prior to acquisition by the Agency in 2009, the property was leased by Development the Agency for public parking for the Cultural Center and other Proposals /Activity: downtown uses. The property has for more than 20 years and continues to be the designated parking area for all public meetings conducted at the Cultural Center. The property was acquired for the Business Incubator /Lake Elsinore Technology Project which was subsequently tabled in the wake of the Dissolution Act and loss of tax increment funds. Prior to the dissolution of the Redevelopment Agency, plans were prepared and approved for parking lot improvements to the property as an interim improvement pending construction funding for the Business Incubator /Lake Elsinore Technology Center Project. Proposed Use /Disposition: The Site is strategically located across from the Cultural Center and offers public parking critical to the success of the downtown and the viability of the Cultural Center as the City's meeting facility. Public parking in the Historic Downtown District is essential to achieving the overall redevelopment goals of revitalizing the downtown area consistent with the Redevelopment Plan for the Rancho Laguna Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009 -2014 Redevelopment & Housing Implementation Plan. The Business Incubator /Lake Elsinore Technology Center Project is also identified in the Agency's 2009 -2014 Redevelopment & Housing Implementation Plan as an Agency project in the Rancho Laguna Redevelopment Project Area No. 1. Although the dissolution of the Redevelopment Agency and consequential loss of tax increment funding led to the suspension of this project, the parcels should be retained for governmental purpose and conveyed to the City to complete the interim parking improvements and to conduct land use study and feasibility analyses consistent with the Downtown Master Plan to optimize development of the property while ensuring continuity of downtown /Cultural Center parking. Notes: T As part of the land use and feasibility study, the City should evaluate whether the parcels should be merged into a single parcel to promote a cohesive development opportunity. Consideration should also be given to whether the parcels should be designated as "Public /Institutional." ieQ) M � b JVIiYtPS' /T ��� •� L e xn< n r � c 29 F 3. I r i g } I `�'I ® ti6r<r r C C Lu VV a ..x TA', ao- :`T- r poll, 4b r: IVV I I <^ w� i, V � 9 V'i OS4A� �yy iJl. it WX t q CL > Cu 0); L LL AVENUF. aj u 1 to It to 0 ?_ 33 —i L 14 ++ ff t LL 4 , to i < � i W t m a w 14 III iz E {{ c v E CL 0 Qj 0 0 0 U- ..0 v z It m Map ID #13 & #16: Governmental Purpose Floodway APN: 413: 373 -210 -032 -- - - -�� #16:373- 210 -045 Address: N/A Lot Size: #13: 2.37 acres #16: 5.74 acres _ Land Use/Zoning: Floodway; Inlet Channel Acquisition Date (AD): Unknown. At least a portion of the properties were acquired on 1/31/94. Acquisition Purpose: Redevelopment Purpose Consistent with Diamond Stadium, 404 Permit conditions and Lake Elsinore Management Project - Inlet Channel Purchase Price /Value @ AD: Unknown. Parcel #13 was part of a 36.99 acre property acquisition by the Agency for $1,149,933.65. Based on per acre cost, the purchase price for this property was approximately $73,678. It is unknown whether Parcel #16 was included in this or a separate acquisition. Est. Current Value: Unknown. Based upon County Tax Assessor records, assessed value = #13(373- 201 -032): $17,601 #16 373 - 210 -045: $ 1,701 Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented These properties are located within the Floodway and have no development (TOD) and development potential. advancement of Successor Agency planning objectives: History Previous Inlet Channel, Lake Elsinore Management Project Development Proposals /Activity: Proposed Use /Disposition: The properties should be retained for Governmental Purpose and conveyed to the City of Lake Elsinore for ongoing maintenance consistent with Lake Management Project and Final Mitigation Plan. Notes: These Floodway Parcels are part of the Inlet Channel and cannot be developed. 11 2 s t i � I 1 s i t t r laa coe J +� 1 at 2' e IY� i r M � +n y} ana N N'19 i 1 a_xQf, r,tz . 1 f I ,t ` 1 zt, - i el � Ij 5�7 p nw 1 o naz : t- 11 ur 1eY J aaaaasaNVI 1-J `.f O L N C 0 V O N O n \ƒ {m � � \ \ w «: �� \\ c O m L V) r. O U N c O N O O LL lD m Map ID #17: T Governmental Purpose Lake Elsinore Senior Activities Center APN: 373- 300 -027 Address: 420 East Lakeshore Drive, Lake Elsinore Lot Size: 2.64 acres; 1141998 sq. ft. Land Use/Zoning: J Public Institutional — Lake Elsinore Senior Activities Center Acquisition Date (AD): December 1982 Acquisition Purpose: Rancho Laguna Redevelopment Project Area No. 1 was established in response to severe flooding in early 1980 which caused millions of dollars of damage and threatened public health and safety. This property was damaged in the 1980 flood. While FEMA acquired adjacent flooded properties, this property remained in private ownership until it was acquired by the Agency for redevelopment purposes in December 1982 in an effort to mitigate the blighted conditions of flood damaged properties. After acquisition by the Agency, the buildings were renovated and converted to the community's Senior Activities Center. Purchase Price /Value Q AD: Unknown Est. Current Value: Unknown. Based upon County Tax Assessor records, assessed value = $124,149 (Land Value $48,890; Improvement value $75,259). However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation /maintenance /repair. Est, revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented The majority of the property is located within the 500 year flood zone development (TOD) and and adjacent to Lakepoint Park which is restricted to open space use. advancement of Successor The parcel cannot support the density required nor is it located adjacent Agency planning objectives: to transit centers necessary to support TOD. The Senior Activities Center is consistent with the Agency's planning objectives. History Previous The existing structures were built in 1971. After acquisition by the Development Agency, the flood damaged structures were renovated and converted to Proposals /Activity: the Lake Elsinore Senior Activities Center. The property is designated as "Public Institutional" in the City's General Plan and Zoning Map and incorporated as such in the Amended and Restated Redevelopment Plan for the Rancho Laguna Redevelopment Project Area I. There are no other applicable development proposals or activity. Proposed Use /Disposition: The Senior Activities Center is an important public recreational and cultural resource. The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing operation as the Senior Activities Center. Administrative and recreational uses are permissible governmental purposes (see for example, Gov't Code Section 37361; Education Code Section 1D902). Notes: While the property was acquired by the Redevelopment Agency and title is vested accordingly, the City of Lake Elsinore has historically paid for ail operating and maintenance expenses of the Senior Activities Center as a municipal facility. v It tA ...._ . .. 15 3N83oni .. -. �e . t It 00 1' an is Csr �1 L i � I Ui R 1 41" s= 0 11 a ,f ,j b s a� L 0 Map ID #24: ��— Governmental Purpose - Historic Preservation APN: 374 -162 -036 Address: N/A Lot Size: .53 acres Land Use/Zoning: Medium Density Residential Acquisition Date (AD): 07/19/89 Acquisition Purpose: Unknown Purchase PriceNalue @ AD: Unknown Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Not appropriate for TOD. Future use should recognize the historic development (TOD) and significance of the existing gazebo structure and be compatible with the advancement of Successor City's Riverwalk. Agency planning objectives: History Previous Based on information provided by the Lake Elsinore Historical Society, Development Mrs. Mary Julia Ledlie McDonald commissioned Mr. Graham to drill Proposals /Activity: wells in different locations of Elsinore. A fresh water well at a depth of some 200 feet was discovered on this property at the corner of Heald and Riley Streets. Sometime around 1931, Mrs. McDonald had a gazebo building erected to cover the water fountain and a flower garden planted around the structure. Mrs. McDonald wanted the public to freely drink from the fresh water fountain and fill their water bottles. The Historical Society has prepared a Historic Landmark Application to ensure the preservation of the gazebo and historically significant property. No other development exists on the site. Proposed Use /Disposition: The parcel should be conveyed to the City for governmental purpose and further evaluation of the historical significance of the gazebo and potential development. Historic preservation and park /recreation uses are permissible governmental purposes (see for example, Gov't Code Section 37361). Notes: Additional research will assist the City /Successor Agency in determining the appropriate use of this parcel consistent with its historical significance and proximity to the City's Riverwalk. .o x e-� xi of E f�S ;y f}i 3 ss Il t.34 E 3 NIYW IS as II � n a s e ss Il E NIYW IS as II � n a s e v e. �r{itiisis - <i�7 YJ - O L N it U O TV) 1 41 O Q L .(Z 1� c 0) c L aj O V I N l4 ss Il n n I& F F v e. �r{itiisis - <i�7 YJ - O L N it U O TV) 1 41 O Q L .(Z 1� c 0) c L aj O V I N l4 Il v e. �r{itiisis - <i�7 YJ - O L N it U O TV) 1 41 O Q L .(Z 1� c 0) c L aj O V I N l4 c O L v v L v O 2 N O O_ L a. .V-1 E c L > O V N Eye Map ID #37: Governmental Purpose — Lake Elsinore Cultural Center APN: 374 -173 -005 Address: 183 North Main Street, Lake Elsinore Lot Size: .17 acres /7,500 sq. ft. Land Use/Zoning: Public Institutional — Lake Elsinore Cultural Center Acquisition Date (AD): 05/04/92 Acquisition Purpose: This property was acquired for governmental purposes from the Methodist Episcopal Church. The purchase evidenced the Agency's investment in and commitment to the historic downtown area, providing an assembly hall for City Council and Commission meetings and other civic gatherings, while preserving the historically significant structure. Purchase Price/Value @ AD: $189,000 Est, Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation /maintenance /repair. Est, revenues & contract The Lake Elsinore Historical Society leases the basement of the obligations re revenues: Cultural Center for $1 /year for use as a historical museum. The remaining lease term expires January 2017. Environmental Unknown v� Contamination History: Potential transit oriented The property is not near transportation nodes and is already developed; development (TOD) and thus, not capable of supporting the density associated with TOD. The advancement of Successor existing governmental use is consistent with the Agency's land use Agency planning objectives: objectives. The property is located at the boundary of the Cultural and Historic Districts of the Downtown Master Plan and is included in the "Key to Downtown" Implementation Plan. These planning tools were funded in part by the former Redevelopment Agency and federal and state grants. Development and rehabilitation pursuant to the Downtown Master Plan and implementing documents are important goals and objectives of the former Redevelopment Agency under the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009 -2014 Redevelopment & Housing Implementation Plan. History Previous Prior to the Agency's acquisition in 1992, the building was operated as Development a church. The building is now designated as the Lake Elsinore Cultural Proposals /Activity: Center. All City Council, Planning Commission and Public Safety Advisory Commission meetings are held at the Cultural Center as are other municipal meetings and events. The building is presently undergoing a seismic retrofit. There are no other applicable development proposals or activity. Proposed Use /Disposition: The Cultural Center is a significant cultural resource to the community. The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing operation as the Lake Elsinore Cultural Center. Historic preservation and government administrative uses are permissible governmental purpose (see for example, Gov't Code Section 37361). Notes: While the property was acquired by the Redevelopment Agency and title is vested accordingly, the City of Lake Elsinore has historically paid for all operating and maintenance expenses of the Cultural Center as a municipal facility. L a-+ U d-� U M �s .° )It 4 K a, Anil I. ivjv) V! L a-+ U d-� U M k; 3 tx I IN, J IIL IIA a 1z r z t atk a �r, k 4.` z+ a� a� U ro U n m Map ID #38 & #39: Governmental Purpose - Downtown parking /alley -- APN: #38:374- 174 -014 #39: 374- 174 -015 Address: 114 W. Peck St., Lake Elsinore Lot Size: #38:.05 acres -- -- - - ----- -..... _ -- - #39:.14 acres Land Use/Zoning: The property is improved as downtown parking and alleyway /service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. #38: 01/02/91 Acquisition Date (AD): #39:01/02/91 Acquisition Purpose: Unknown Purchase Price/Value @ AD: $150,000 Est. Current Value: Unknown. However, like most governmental purpose properties the property is a negatively performing asset with ongoing costs of operation /maintenance /repair. Est, revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009 -2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as parking, alleyway and service delivery to Development Main Street properties. The property has no development potential. Proposals /Activity: Proposed Use /Disposition: The properties should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, I City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. 9 i b Sn w SIR Y f6 a c O 4— O M co 00 m xt j L w =! xc qq AI718 i 'z ti i b Sn w SIR Y f6 a c O 4— O M co 00 m xt R I i-+ O 0 m 06 00 m 3t Map ID #40: Governmental Purpose - Downtown parking /alley APN: 374 - 262 -003 Address: 118 W. Graham Ave., Lake Elsinore Lot Size: .09 acres Land Use/Zoning: The property is improved as downtown parking and alleyway /service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 01/22/90 Acquisition Purpose: Unknown Purchase Price/Value @ AD: $795500 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation /maintenance /repair. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment' Project Area No. I and the Agency's 2009 -2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals /Activity: potential. Proposed Use /Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. Map ID #41: Governmental Purpose - Downtown parking /alley APN: � 374- 262 -004 Address: 110 W. Graham Ave, Lake Elsinore Lot Size: ,09 acres - - Land Use/Zoning: -- - ---------- -- -- - — - --- -- _. The property is improved as downtown parking and alleyway /service delivery to Main Street properties. The property is designated General - -- Commercial in the Downtown Master Plan. — Acquisition Date (AD): - — - .._.. - - -- - 06/19/09 Acquisition Purpose: Downtown Public Parking Purchase Price/Value @ AD: -- $42,262.55 Est. Current Value: - -- - --- - - - - -._- Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation /maintenance /repair. Est. revenues & contract None obligations re revenues: Environmental Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009 -2014 Redevelopment & — Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals /Activity: potential. Proposed Use /Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: The property was acquired by the Agency from the County of Riverside as tax - defaulted property. The purchase price was paid by the Agency but the original tax deed vested title in the City of Lake Elsinore. A corrected Deed conveying title to the Agency was recorded on 10/23/09. While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. Map ID #42: Governmental Purpose — Downtown parking /alley APN: 374- 262 -010 Address: N/A Lot Size: .14 acres Land Use/Zoning: The property is improved as downtown parking and alleyway /service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 04/79 Acquisition Purpose: Unknown Purchase PriceNalue @ AD: $12,500 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation /maintenance /repair. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives : Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009 -2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals /Activity: potential. Proposed Use /Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to 'Public Institutional' to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. Map ID #43: Governmental Purpose - Downtown parking /alley APN: 374- 262 -011 Address: N/A Lot Size: .04 acres ` Land Use/Zoning: The property is improved as downtown parking and alleyway /service delivery to Main Street properties. The property is designated General Commercial in the Downtown Master Plan. Acquisition Date (AD): 06/19/09 Acquisition Purpose: Downtown Public Parking Purchase Price/Value@ AD: $55625.07 Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est, revenues & contract None obligations re revenues: Environmental Unknown _ Contamination History: Potential transit oriented Public parking in the Historic Downtown District is essential to achieving development (TOD) and the overall redevelopment goals of revitalizing the downtown area advancement of Successor consistent with the Redevelopment Plan for the Rancho Laguna Agency planning objectives: Redevelopment Project No. I and the Downtown Master Plan. The implementation of the Downtown Master Plan and the acquisition, rehabilitation and expansion of downtown parking are projects listed in the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and the Agency's 2009 -2014 Redevelopment & Housing Implementation Plan. No opportunities for TOD are present. History Previous The property is improved as downtown parking, alleyway and service Development delivery to Main Street properties. The property has no development Proposals /Activity: potential. Proposed Use /Disposition: The property should be retained for Governmental Purpose and conveyed to City of Lake Elsinore for ongoing maintenance for downtown public parking. The land use designation should be changed to "Public Institutional" to match the existing and intended future use of the property. Maintenance and operation of public parking lots are permissible governmental purposes (see for example, Streets & Highways Code Section 32501). Notes: The property was acquired by the Agency from the County of Riverside as tax - defaulted property. The purchase price was paid by the Agency but the original tax deed vested title in the City of Lake Elsinore. A corrected Deed conveying title to the Agency was recorded on 10/23/09. While the property was acquired by and title is vested in the Agency, the City of Lake Elsinore has historically paid operating and maintenance expenses for all public downtown parking. m ! s , 40 Sit r a � j t v AIi F,a • ^hw'n r .,,mow • {y) ,rare: L.a __ � 1 � t t f ,FU, -. �.-•, y -�ru« 3 L r1 £Y f, fs �� Alm of Y F Et AMY' ¢. s. c ro CL c 3 0 c 3 0 0 I m 4t N rl d' It O Rzt U Enforceable Obligation Use - properties to be held by the Successor Agency to fulfill an enforceable obligation The Successor Agency owns three parcels that are subject to enforceable obligations. Two parcels comprise the Lake Elsinore Diamond Stadium which is home to the Storm minor league professional baseball team. The third parcel is adjacent to the Stadium and has been identified by the Master Developer under an enforceable obligation DDA as an exchange parcel. A map of the properties followed by individual property data sheets, parcel maps, aerials and photographs depicting each of the Enforceable Obligation properties listed below are included in this Section. Parcel # references correspond to the Maps. Enforceable Obligation Use Properties: Parcel #12 — Exchange Parcel per DDA Parcels #14 & 415 — Lake Elsinore Diamond Stadium CITY OF TAKE ELSINORE UAK E SUCCESSOR AGENCY PROPERTIES PROPERTIES TO BE RETAINED FOR ENFORCEABLE OBLIGATION Map ID #12: Enforceable Obligation — Exchange Parcel To Be Conveyed Per DDA APN: 373- 210 -030 Address: N/A N/A Lot Size: _._.-..-----... - -- 7.26 acres Land Use/Zoning: Diamond Specific Plan-, Mixed Use Acquisition Date (AD): 1/31/94 Acquisition Purpose: Redevelopment Purpose Consistent with Diamond Stadium and 404 Permit conditions Purchase PriceNalue @ AD: Property was only part of a 36.99 acre property acquisition by the Agency for $1,149,933.65. Based on per acre cost, the purchase price for this property was approximately $225,697. Est. Current Value: Unknown. A 2008 preliminary appraisal estimated property value at $635,000 which did not reflect deductions for flood zone impacts and /or easements limiting development. Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented The northernmost portion of this "Channel Edge" parcel is in the development (TOO) and floodway and the 500 year floodplain and cannot be developed. The advancement of Successor remainder of the northern portion of the parcel to the weir is in the 100 Agency planning objectives: year floodplain and a key element to the Inlet Channel /Lake Management Project. The southern portion of the parcel can be developed with a use compatible with the Stadium and consistent with the General Plan Ballpark District, the Diamond Specific Plan and the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. III. History Previous The parcel includes a portion of the Inlet Channel and is otherwise Development unimproved vacant property. Proposals /Activity: Proposed Use /Disposition: Pursuant to the Civic McMillin DDA, the Master Developer has certain rights to exchange properties it owns within the East Lake Specific Plan project area for Agency owned property. Civic Partners has identified this property as an exchange site pursuant to the DDA. The Agency should continue discussions with the Master Developer to exchange the parcel consistent with the DDA requirements. Discussions should include the recordation of an easement in favor of the City for that portion of the property subject to severe development constraints due to the Inlet Channel and flood zone elevations. Notes: The DDA is an enforceable obligation of the former Agency per POPS I, ll, 13 -14A and 13 -14B. The property identified by the Master Developer to be exchanged for the Agency's Channel Edge parcel is located in the East Lake Specific Plan and is currently proposed to be devoted to a governmental purpose as conservation in accordance with the conservation goals and objectives of the Western Riverside County Multi le S ecies Habitat Conservation Plan, OVOtI bJ.b7ytJ F'uaa voa q 1� V DO O i ,: ow4 .. ix � tN C1 v F tlt w x 4 f6 � .�_. 9.DgA.. _. tr_h'30.Y3 ! _ t WW i ce. I LU v z7 1j 2 f i t i _ N s i 3 tj.N �' I � L�� �bYd � P8F #✓_Rj , � i I I evj itkod sr �f 51 is Lai s, i jh Y" 'Is Ac ol- JU 6 F (I ilk' ilk' � WON ki, 6 r ly i � t ��x R s � r j( I a= d z r j( v L. L. (ID v an c V X w C O co hA O O N v i O 4- C w I N r-I Map ID #14 &#15: Enforceable Obligation - Lake Elsinore Diamond Stadium APN: #14: 373 - 210 -040 #15: 373. 210 -042 Address: T 500 Diamond Drive, Lake Elsinore Lot Size: #14 - ,14.46 acres / 629,878 sq. ft #15-- 4.60 acres / 200,376 sq. ft._ _ _ .. ... ... . . ............--- -- - - -- Land Use/Zoning: Diamond Specific Plan; Stadium /Mixed Use Acquisition Date (AD): 01/20/94 Acquisition Purpose: Parcels were donated to the for the purpose of constructing a minor league professional baseball stadium /amphitheater and access road. Purchase Price/Value @ AD: Properties were donated to the Agency without monetary consideration. The Offer of Donation recites that if the property were purchased, the purchase price would be $637,297.64. Est. Current Value: Unknown. However, like most governmental purpose properties, the property is a negatively performing asset with ongoing costs of operation/maintenance/repair. Est. revenues & contract Pursuant to existing Stadium operations contracts and the existing obligations re revenues: Interim Management Agreement (BOPS obligations), revenues due to the Agency for Stadium use are offset by the Agency's operations, maintenance and management expenses. The Agency is also financially responsible for capital repairs. Environmental Unknown — Contamination History: Potential transit oriented The property is located within the General Plan's Ballpark District and is development (TOD) and the focal point of the Diamond Specific Plan. The Stadium is the anchor advancement of Successor to the District's sports theme and is consistent with the land use and Agency planning objectives: redevelopment objectives of the Redevelopment Plan for the Rancho Laguna Project Area No. III. Commercial mixed use is proposed around the Stadium and surrounding properties may have potential for TOD, but the subject properties are devoted to Stadium use. History Previous Property is developed as the Lake Elsinore Diamond Stadium and is Development restricted pursuant to the "Irrevocable Offer To Donate Stadium Site Proposals /Activity: and Stadium Access Parcel and Unconditional Acceptance Subject to Covenants, Conditions, Restrictions and Reservations" to Stadium purposes for 50 years until December 2043. The Storm has existing rights to use the Stadium pursuant to the Stadium License Agreement. Proposed Use /Disposition: The properties must be maintained by the Agency in accordance with the existing Stadium operations contracts and thereafter in accordance with the Stadium use restrictions imposed as a condition to the donation. The enforceable obligations evidenced by the Stadium operations contracts and the Offer of Donation must be satisfied by the Agency through allocation of RPTTF. The ongoing operation of the Stadium is a recreational use consistent with permissible governmental — purposes (see for example, Gov't Code Section 37361). Notes: Stadium — Operations Contracts and Interim Stadium Management Agreement are enforceable obligations of the former Agency per ROPS I, ll, 13 -14A and 13 -14B. III E i I a 11z fl a J tr ter 1 : i pvaxDd 1 Nye Wm .E- 9Amo YI 101 rh yJ rt � I (f(iP�4� y01 U o � ' Ymto yru '' H 341 Ln g � f aoe t ar i t lr ll 4L 41� 11 1 :1 3 i t NY W �i tx bw I � � � � � ��\ w�� \ ����� .� � � � : ��/ � \ \ .� � � © ©:w�� � <� : >.. .. � © °� � >J� . c�ay.���2���y:���y&�, \» ::�. . . y�2>�1�2� ..� ;yr« < ».� � , � -: ƒ2: . � »(� » r � �� <\ :� §� �\ �- \��� . .:���y:/ ...����\ c 0 E 0 o2S x* Properties to be Held for Future Development — properties to be transferred to the City for future development for a project identified in an approved redevelopment plan and for advancement of the planning objectives of the Successor Agency The Successor Agency owns four properties comprised of 22 individual parcels that are designated for future development. The first area is comprised of four parcels totaling 1.41 acres near the Pottery Court affordable housing project adjacent to the Flood Control Channel. The second area is comprised of 12 parcels totaling approximately 1.31 acres also adjacent to the Flood Control Channel on Spring Street. The third area is comprised of 5 parcels totaling approximately 6.91 acres on Spring and Limited and is a key development site to connect the Historic Downtown to the Lake as envisioned by the Downtown Master Plan. The fourth area is a single 2.11 acre parcel at Silver and Minthorn that is designated for public institutional uses. The parcels within each of the four areas should be merged to create larger developable parcels in order to maximize the development potential for each of the four areas. Each of the properties represents a special need and /or opportunity for development in furtherance of the Successor Agency planning objectives and consistent with the Redevelopment Plan for the Rancho Laguna Redevelopment Project No. I. A map of the properties followed by individual property data sheets, parcel maps, aerials and photographs depicting each of the properties to be held for future development as listed below are included in this Section. Parcel # references correspond to the Maps. Properties To Be Held For Future Development: Parcels #18 through #21 — Pottery/Spring (adjacent to Flood Control Channel) Parcels #25 through #36 — Spring Street (adjacent to Flood Control Channel) Parcels #44 through #48 — Spring /Limited Parcel #56 — Silver /Minthorn y 022A CITY OF LAKE- ELSINORE LE KL LSINO1Z6 SUCCESSOR AGENCY PROPERTIES PROPERTIES TO BE HELD FOR DEVELOPMENT Map ID #18, #19, #20 & #21: Held For Development - RFP APN: #18:374- 062 -005 #19:374- 062 -006 #20:374- 062 -015 #21:374- 062 -020 _ Address: 401 N. Spring St., Lake Elsinore Lot Size: #18:.17 acres #19:.17 acres #20:.51 acres #21:.51 acres — - -- -- ---..__......._... - - - -- Land Use/Zoning: Residential Mixed Use Acquisition Date (AD): #18: Unknown T -- #19, #20: 9/17/90 #21: 11/26/89 Acquisition Purpose: Unknown Purchase Price/Value @ AD: #18, #119, #20: combined purchase price $399,000 #21: $169,000 purchase price Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Parcels are located near the Pottery Court affordable housing project development (TOD) and and may offer an opportunity for a compatible residential project, advancement of Successor> Agency planning objectives: History Previous Unknown. Development Proposals /Activity: Proposed Use /Disposition: The properties should be conveyed to the City of Lake Elsinore and sold pursuant a carefully developed RFP to maximize the development potential and purposes in furtherance of the Dissolution Act and consistent with applicable land use regulations. Prior to conveyance, the parcels should be merged and sold for development as a single parcel, Notes: The Parcels should be merged into a single developable parcel to maximize the development potential. ( ;ix { 7 1♦ y L e K�W x f ya i 4 lo t i ww r n {r _.. r a: I Is I f is Z i r Is $; CMS "< a. co IA el r -_.- z y - g --�-9 KI Q) Isis h rz <� '•d .r' Ui. i ; j ( to r� ,�� I top i � �� 4 4 (Y t •1✓ ( r¢ Q"� S 4 0 7 L 2 4Y t i4Y 4 # J..J iIs. Is ye tom. �yY y� Y v5# T fit ;f4 IQ t NO} w, to w B t sI Is r i a+ p J yy Q,. lo Q O Qi L Q W Qi 1 N 00 c—I y� � � � « <� ,« .�e<y>s /� � � �� \ ��� °� /�� \� } \� � y� � � � « <� ,« .�e<y>s /� � � �� \ ��� °� c v E 0 as v 0 L 0 I.L Q: c-I N 00 c-i 4t Map ID #25 through #36: Held for Development - RFP - -- APN: -- #25:374- 162 -039 #26:374- 162 -041 #27:374- 162 -043 #28:374- 162 -045 #29: 374 - 162 -047 #30:374- 162 -049 #31: 374 - 162 -051 #32:374- 162 -053 #33: 374 -162 -055 #34:374 -162 -057 #35: 374- 162 -059 _ #36:3_74- 162 -061 Address: N/A Lot Size: #25:.11 acres #26:.10 acres #27:.10 acres #28:.10 acres #29:.10 acres #30:.10 acres #31:.11 acres #32:.11 acres #33:.11 acres #34:.11 acres #35:.12 acres #36:.12 acres Land Use/Zoning: ` Commercial Mixed Use Acquisition Date (AD): Unknown Acquisition Purpose: Unknown Purchase Price /Value @ AD: Unknown Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Not appropriate for TOD. development (TOD) and advancement of Successor Agency planning objectives: History Previous The parcels are contiguous and are adjacent to the flood control Development channel. They are likely remnant parcels from the Flood Control Proposals /Activity: Channel Project and may have associated development constraints. Proposed Use /Disposition: The parcels should be conveyed to the City for a land use study and feasibility analysis to determine the best potential for development consistent with the purposes of the Dissolution Act and the applicable land use regulations. The parcels should be held by the City for development pending the completion of such study and pursuant to a carefully developed RFP consistent with the Downtown Master Plan. Notes: Especially given the potential for development constraints, these parcels should be merged into a single developable parcel to allow', flexibility in siting future development. r.. is tt a J m NI M M:p n.« .t tin J. o-s � z'',st x e t ,fj O x sa N m,> k e,a 4> L is tt a J m NI M M:p tin J. o-s � z'',st x 31, Q O N is tt a J m NI M M:p tin J. n1 x 31, Q O N N L 1O1 1L u, W Z m Ln N is tt a J m NI M M:p tin J. n1 x 31, Q u a c` H i K C y x tin n1 Q O N N L 1O1 1L W Z m Ln N w � � �` � + :.���.��., Nip Map ID #44; #45; #46; #47 & Held For Development - RFP #48: 444: 374- 271 -003 APN. #45: 374 -271 -004 #46:374- 271 -007 #47:374 -271 -013 #48:374 -271 -015 Address: N/A Lot Size: #44:.38 acres #45:.76 acres #46: 4.64 acres #47:.09 acres #48:.23 acres Land Use/Zoning: Residential Mixed Use Acquisition Date (AD): 02/27/08 Acquisition Purpose: Potential Civic Center Site Purchase Price/Value @ AD: $4,150,000 Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented' f Parcels represent key connector between Historic Downtown and Lake development (TOD) and and should be developed consistent with the Downtown Master Plan advancement of planning and the Successor Agency's land use objectives aimed at revitalizing; objectives of Successor the Downtown and emphasizing the Lake as a focal point/feature of the Agency: City's landscape and sports related economic and tourism activity. History Previous Previous residential development proposals stalled and were not Development pursued by previous owner or potential buyers. Agency acquired for Proposals /Activity: redevelopment purposes as a key site for connecting the Downtown to the Lake. Proposed Use /Disposition: The Site offers key economic development potential and should be held for development pursuant to a carefully developed RFP consistent with the Downtown Master Plan. Notes: The Parcels should be merged into a single developable parcel and adjacent City -owned property should be evaluated for inclusion in the RFP. N ?# E ,4 1 ^•x „ sit i q .rte Q � ' i E t FkP�'. �t y I _ e I lykj X \ao 4 Y FFt s rl rC 6 C e 0 1, V W W e 4� a c E 0_ 0 v v 0 0 U. a� I 00 d' I Map ID #56 Held For Development APN: 377 - 180 -037 Address: Silver /Minthorn Lot Size: 2.15 acres Land Use/Zoning: Public Institutional Acquisition Date (AD): 5/18/05 Acquisition Purpose: Public /redevelopment purpose. Purchase PriceNalue @ AD: $468,000 Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented The Agency acquired the property for public /redevelopment purposes to development (TOD) and be more specifically determined consistent with the Redevelopment advancement of planning Plan for the Rancho Laguna Redevelopment Project Area No. I and objectives of Successor applicable City land use designations. Agency: History Previous Unknown Development Proposals /Activity: Proposed Use /Disposition: The parcel should be conveyed to the City for a land use study and feasibility analysis to determine the best potential for development which may be a governmental purpose consistent with neighboring County Social Services facility and consistent with the 'Public Institutional' land use designation. Notes: s POE STREET y W. P ( � d + � r =o r LL W LO y a Mtit \ -� if s f. v E Q c v 0 L 0 LL Q) Ln Properties to be Sold — properties to be sold for development in a manner consistent with the Dissolution Act and the proceeds from the sale distributed as property tax to the taxing entities The Successor Agency owns five parcels that are designated to be sold. Four of these parcels can be combined to create 2 larger parcels of approximately .34 and .24 acres, respectively. The properties should be marketed together given their close proximity and the potential for combining with adjacent properties should be considered. The fifth parcel is approximately .21 acres designated as high density residential and may offer an opportunity for affordable housing development. A map of the properties followed by individual property data sheets, parcel maps, aerials and photographs depicting each of the properties to be sold as listed below are included in this Section. Parcel # references correspond to the Maps. Properties To Be Sold: Parcels #8 & #11 — Franklin & Ellis Parcels #9 & #10 — Franklin & Ellis Parcel #57 — Sumner & Ellis c„ro, �, CTTYOF LAKE ELSINORE LAKti )LSl1YOKL SUCCESSOR AGENCY PROPERTIES mot"' " " " " " "' PROPERTIES TO BE SOLD Map ID #8 & #11: Parcels to Be Sold APN: # 8: 373- 025 -007 #11:373- 025 -027 Address: N/A Lot Size: #8:.17 acres #11:.17 acres Land Use/Zoning: Residential Mixed Use Acquisition Date (AD): #8 - 02/92 #11 — 01/92 Acquisition Purpose: Unknown Purchase Price/Value @ AD: Unknown Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Not appropriate for TOD. Development should be consistent with City's development (TOD) and General Plan and zoning designations. advancement of Successor Agency planning objectives: ' History Previous None Development Proposals /Activity: Proposed Use /Disposition: The properties should be conveyed to the City of Lake Elsinore and sold pursuant to the Dissolution Act. Prior to sale, the parcels should be merged and sold for development as a single parcel in order to optimize development potential. Notes: Parcels #8 and #11 are adjacent parcels that should be merged into a single developable parcel. k Y yr a v � � 3 F i u t V i• S r 10 CO} _ t To J�y JSJM � C 15 1 l3) C ti {t! ii Y i a` .. 13L 0 e<ta9M' K._ h 8 w' •� Is to Qc 1 Q a a � ha at ks C>ro E i!EA4 0 F -- AyEA"JsF — 99Y „ to I ,r to it la Is � 14 s 6 selp (I tt �z 1 t0 Ir I ZA t M .a u s, ° ®� g �� I ft 14 s; IB �a lk I r �5 0 CD i rH 0 a� m co 00 Map ID #9 & #10: Parcels to Be Sold APN: #9: 373 - 025 -014 # 10: 373 - 025 -024 Address: 238 N. Main St., Lake Elsinore Lot Size: #9:.21 acres #10:.03 acres Land Use/Zoning: Commercial Mixed Use Acquisition Date (AD): 02/08 Acquisition Purpose: Public /redevelopment purpose Purchase PriceNalue Q AD: $179,000.00 total purchase price for both parcels Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Phase I environmental assessment conducted in 2007 — no history of Contamination History: environmental contamination noted. Potential transit oriented Not appropriate for TOD. Development should be consistent with City's development (TOD) and General Plan and zoning designations. advancement of Successor Agency planning objectives: History Previous The former property owner offered the properties for sale to the former Development Redevelopment Agency. The Agency acquired the properties for Proposals /Activity: public /redevelopment purposes to be more specifically determined consistent with the Redevelopment Plan for the Rancho Laguna Redevelopment Project Area No. I and applicable City land use designations. Proposed Use /Disposition: The properties should be conveyed to the City of Lake Elsinore and sold pursuant to the Dissolution Act. Prior to sale, the parcels should be merged and sold for development as a single parcel. Notes: Parcels #9 and #10 are adjacent parcels that should be merged into a single developable parcel in order to optimize development potential. c a r, r � � z Q j 329 )00 09 i , .•• �� .e ne. C � � uL4 '�` C 3 - J' C is I 3Y Y ��� 'I t ` Y j U u 4 W co x 45 t <R giro f 'r . fr-C-j4tfl- d - VJF, 41tuE o y0y JI ©Q C (O O 0 (0 ' Q C, i� r it a 3 B f 9 g PFCX A t4 Ate 1 ( o 9 1 CD = y $ �e w E { °N d i >,. > ..mid fr{r e l5 0 v CD I O V—i o?S rn Map ID #57: Parcel To Be Sold APN: 377- 292 -017 Address: 284 Ellis St., Lake Elsinore Lot Size: .21 acres Land Use/Zoning: High Density Residential Acquisition Date (AD): 04/07/94 Acquisition Purpose: Unknown Purchase Price/Value @ AD: Unknown Est. Current Value: Unknown Est. revenues & contract None obligations re revenues: Environmental Unknown Contamination History: Potential transit oriented Not appropriate for TOD. Development should be consistent with City's development (TOD) and General Plan and zoning designations. advancement of Successor Agency planning objectives: History Previous None. Development Proposals /Activity: Proposed Use /Disposition: The property should be conveyed to the City of Lake Elsinore and sold pursuant to the Dissolution Act. Notes: City may evaluate whether the parcel is suited for a potential affordable housing development consistent with the City's Housing Element and General Plan. If affordable housing is determined to be an appropriate use, the property should be sold for such use with affordability restrictions, if appropriate. If not, the property should be sold without restrictions. C) J CAD ,t y J a_ �n sc o ' h rt i e a n IU �J Qi ~ F 1. r > 1 3 © 9 qY "..-T i 1 � i �7 4 46 4i w 0 v CD H Ln L u