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HomeMy WebLinkAbout0005_3_ID 5656 MINTHORN Sources: City of Lake Elsinore, County of Riverside City of Lake Elsinore Aerial View RDA Owned Properties´0 0.010.005 Miles ID 56 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 Price/Value @ AD: $468,000 Est. Current Value: Unknown Est. revenues & contract obligations re revenues: None Environmental Contamination History: Unknown Potential transit oriented development (TOD) and advancement of planning objectives of Successor Agency: The Agency acquired the property for 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. History Previous Development Proposals/Activity: Unknown 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: 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.