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Home My WebLink AboutAGENDA REPORT 2021 0407 CCSA REG ITEM 09D POWERPOINTProperty Disposition Status Economic Development and Housing Assets Former Redevelopment Agency April 7, 2021 Background •2012 –Redevelopment Agency Dissolved •Result: REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK City of Moorpark as Housing Successor Successor Agency to the Redevelopment Agency of the City of Moorpark Separate entityCity of Moorpark Background •Property Disposition Required by City of Moorpark as Housing Successor Successor Agency to the Redevelopment Agency of the City of Moorpark Housing Asset List Long Range Property Management Plan Once approved, properties transferred to the City of Moorpark for disposition Once approved, Government Use Parcels transferred to City of Moorpark and Successor Agency responsible for remaining parcel disposition or City of Moorpark purchases parcels from Successor Agency per LRPMP Property Disposition Requirements •Successor Agency Parcels •Required to be disposed of pursuant to the LRPMP •No timeline for disposition noted in the Dissolution Law •Housing Asset Parcels •Under former RDA, required to initiate affordable housing development within 5 years of purchase date, with one 5 year extension •Dissolution Law reset timeline to require affordable housing development within 5 years of approval of Housing Asset List (August 12, 2012), with one 5 year extension •Current deadline to dispose of housing assets is August 12, 2022 Property Disposition Requirements •Surplus Land Act, effective January 1, 2020 •Process •Government Entity declares property surplus •Prepare/send a Notice of Availability to interested housing entities/developers (or Parks for open space parcels) •Interested parties have 60-days to respond •City / Successor Agency must negotiate in good faith with interested parties for 90-days •If no deal is made, City / Successor Agency free to place property on the open market •Restriction/Covenant required that any surplus property developed with 10 or more units must provide 15% affordable units (covenant applies in perpetuity) Property Disposition Requirements •Surplus Land Act Application •Applies to all City and Successor Agency Parcels •Exemptions for Successor Agency property with ENA or other enforceable agreement in place before December 31, 2020 •Properties 5 and 6 on the map fall under this exemption •Applies to Housing Asset Parcels ONLY if they are not developed for affordable housing LRPMP Properties CATEGORY APN ADDRESS STATUS LRPMP PROPERTIES 506-0-050-080 500 Los Angeles Avenue MAP LOCATION #5 Currently encumbered by an Exclusive Negotiating Agreement for a commercial project. 513-0-024-105, & -135 15404 Princeton Avenue MAP LOCATION #6 Currently encumbered by an Exclusive Negotiating Agreement for a residential project. 512-0-081-110 467 High Street Successor Agency transferred to City; property disposition subject to Surplus Land Act. 511-0-101-350 347 Moorpark Avenue Successor Agency transferred to City; property disposition subject to Surplus Land Act Housing Assets CATEGORY APN ADDRESS STATUS HOUSING ASSETS 506-0-020-130 250 Los Angeles Avenue Currently rented. Recommend to be declared surplus due to size of property. 511-0-030-250 1123 Walnut Canyon MAP LOCATION #2 Negotiations with potential developers for residential project underway. Contiguous properties to be developed into one project. 511-0-030-260 1113 Walnut Canyon 511-0-030-270 1095 Walnut Canyon 511-0-030-280 1083 Walnut Canyon 511-0-030-290 1073 Walnut Canyon 511-0-030-300 1063 Walnut Canyon 511-0-040-10 1331 Walnut Canyon MAP LOCATION #1 Negotiations with potential developers for residential project underway. Contiguous properties to be developed into one project.511-0-040-130, & -140 1293 Walnut Canyon 512-0-063-010 780 Walnut Street Recommend to be declared surplus due to size of parcel. Housing Assets CATEGORY APN ADDRESS STATUS HOUSING ASSETS 512-0-081-050 450 Charles Street MAP LOCATION #3 Contiguous properties to be developed into one project. Currently encumbered by an Exclusive Negotiating Agreement for a residential project. 512-0-081-060 460 Charles Street 512-0-081-080 484 Charles Street 512-0-102-100 112 First Street MAP LOCATION #4 Contiguous properties to be developed into one project. Currently encumbered by an Exclusive Negotiating Agreement for a residential project.512-0-102-110 124 First Street 506-0-020-525 SW Terminus of Millard St Recommend to be declared surplus due to complexity to develop. MAP LOCATIONS – Parcels under negotiation 1 2 3 4 5 6 Key Point •Negotiations are not project approvals •Any projects proposed are still subject to City’s entitlement process, including public input and environmental review, prior to being approved Any questions? Thank you!