HomeMy WebLinkAbout0004_2_IDs 18 - 2120
21
18
19
SPRINGPOTTERY
Sources: City of Lake Elsinore, County of Riverside
City of Lake Elsinore
Aerial View
RDA Owned Properties´0 0.0070.0035 Miles IDs 18 - 21
Map ID #18, #19, #20 & #21: Held For Development - RFP
APN: #18: 374-062-005
#19: 374-062-006
#20: 374-062-015
#21:
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: Grant Deed dated August 23, 1990 recorded September 1, 1990
#19, #20: Grant Deed dated August 23, 1990 recorded September 1,
1990
#21: 11/28/89
Acquisition Purpose: Unknown
Purchase Price/Value @ AD: #18, #19, #20: combined purchase price $399,000
#21: $169,000 purchase price
Est. Current Value: An appraisal dated May 10, 2014 by Harris Realty Appraisal valued all
four (4) properties together at $300,000. Prior to conveyance, the
Agency or the City will merge the parcels so they can be sold as a
single parcel.
Est. revenues & contract
obligations re revenues:
None
Environmental
Contamination History:
Unknown
Potential transit oriented
development (TOD) and
advancement of Successor
Agency planning objectives:
Parcels are located near the Pottery Court affordable housing project
and may offer an opportunity for a compatible residential project.
History Previous
Development
Proposals/Activity:
Unknown.
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.
The Successor Agency will enter into a compensation agreement with
the affected taxing entities prior to Oversight Board approval of the
transfer of the property to the City for future development.