HomeMy WebLinkAboutAGENDA REPORT 2015 0701 CCSA REG ITEM 10S ITEM 10.S.
CITY OF MOORPARK,CALIFORNIA
City Council Meeting
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MOORPARK CITY COUNCIL ACTION:G .�,ta --
AGENDA REPORT 2r.
BY: yin
To: Honorable City Council
From: David C. Moe II, Economic Development and Housing Manager
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Date: June 19, 2015 (CC Meeting of 7/1/15)
Subject: Consider Acceptance of Grant Deeds for Government Use Properties
and Properties to Be Retained for Future Development from the
Successor Agency of the Redevelopment Agency of the City of
Moorpark
BACKGROUND & DISCUSSION
Upon dissolution of the Redevelopment Agency of the City of Moorpark
("Redevelopment Agency") on February 1, 2012, pursuant to AB X1 26, the Successor
Agency of the Redevelopment Agency of the City of Moorpark ("Successor Agency")
was constituted.
Pursuant to Health and Safety Code 34191.5 (b), the Successor Agency prepared the
required Long Range Property Management Plan ("LRPMP"), detailing the disposition of
the non-housing properties to the State Department of Finance ("DOF") for review and
approval. On February 12, 2015, DOF approved the LRPMP and authorized the
disposal of the properties.
As approved in the LRPMP, all seventeen properties will be transferred to the City of
Moorpark ("City") for disposition. The twelve government use properties will be retained
by the City to be utilized for the governmental purpose described in the LRPMP at no
cost to the City and five economic development properties will be retained by the City
for future development also at no cost to the City. See Attachment I for a list of the
properties and approved disposition.
The City will enter into a compensation agreement with the taxing entities. The
compensation agreement shall require the City to deposit the net proceeds from the
sale of each property into the Successor Agency's Community Redevelopment Property
Trust Fund ("CRPTF"), unless a property is subject to the requirements of an existing
obligation.
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Honorable City Council
July 1, 2015
Page 2 of 2
500 Los Angeles Avenue (former Caltrans maintenance yard) is the only property where .
the net proceeds will not be deposited into the CRPTF. This property was purchased
with bond proceeds and the bond documents prevent these funds from being spent on
non-authorized expenditures. Therefore, the City will be able to retain the net proceeds
from the sale of this property to be spent on redevelopment purposes or to pay down
the balance of the bond debt.
Any City expenses associated with the sale of the properties retained for future
development will be deducted out of the sale proceeds prior to transferring the net
proceeds to the CRPTF.
Staff recommends accepting the grant deeds for the properties listed in Attachment I.
FISCAL IMPACT
All properties will be transferred at no cost to the City. The City will reimburse itself prior
to transferring the net proceeds to the CRPTF. The City will retain all sale proceeds
generated for the sale of 500 Los Angeles Avenue as described above. The City will
also receive approximately nine percent (9%) of all net proceeds deposited into the
CRPTF when the four other properties are sold.
STAFF RECOMMENDATION
Authorize the City Clerk to accept the grant deeds for recordation.
Attachment I: Property Inventory Data
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ATTACHMENT I
Property Inventory Data
Address APN Disposition
1 500 Los Angeles Avenue 506-0-050-080 Retain for development
2 347 Moorpark Avenue 511-0-101-350 Retain for development
3 467 High Street 512-0-081-110 Retain for development
4 (a) Various (a) 2.14 acres 512-0-090-115 Retain for development
4 (b) Various (b) .75 acres 512-0-090-115 Government use
5 Princeton Avenue(Lots 69-82) 513-0-024-105 & 513-0-024-135 Retain for development
6 33 E. High Street 512-0-091-090 Government use
7 47 W. High Street 511-0-050-080 Government use
8 Part of Civic Center 511-0-050-090 Government use
9 161 Second Street 512-0-102-210 Government use
10 83 W. High Street 511-0-050-175 Government use
11 45 E. High Street 512-0-091-080 Government use
12 610 Spring Road 512-0-171-225 Government use
13 Spring Road 512-0-174-015 Government use
14 100 High Street 511-0-090-420 & 511-0-090-430 Government use
15 1001% High Street 512-0-090-050 Government use
16 627 Fitch Avenue 512-0-150-805 Government use
17 450 High Street 512-0-082-020 & 512-0-082-030 Government use
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