HomeMy WebLinkAbout0004_3_IDs 25-36
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: 374-162-061
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): July 1, 1982
Acquisition Purpose: These properties were all a part of separate larger parcels acquired for
construction of the Outflow Channel drainage improvements parallel to
Spring Street. After the public drainage improvements were completed,
the remainder properties were assigned the current APNs.
Purchase Price/Value @ AD: Aggregate value of all properties $150,000
Est. Current Value: Pursuant to an appraisal dated May 25, 2014, all twelve (12) properties
together were appraised at $285,000. The Agency and/or City
anticipate merging these parcels into a single developable parcel prior
to sale.
Est. revenues & contract
obligations re revenues:
None
Environmental
Contamination History:
Unknown
Potential transit oriented
development (TOD) and
advancement of Successor
Agency planning objectives:
Not appropriate for TOD.
History Previous
Development
Proposals/Activity:
The parcels are contiguous and are adjacent to the flood control
channel. They are likely remnant parcels from the Flood Control
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 cons traints, these
parcels should be merged into a single developable parcel to allow
flexibility in siting future development.
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.