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HomeMy WebLinkAboutAGENDA REPORT 2016 1019 CCSA SPC ITEM 05A CITY OFMOORPARK,CALIFORNIA City Council Meeting oL.� %D /4-ao/lo ITEM ACTION: afipAApitti Aiab# trh 414w041--A SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK AGENDA REPORT To: Honorable Successor Agency Members From: Jessica Sandifer, Program Manage; j Date: October 18, 2016 (SA Special Meeting of 10/19/16) Subject: Consider Termination of Lease Agreement by and between Benjamin Cano dba La Playita at 104 High Street and the Successor Agency of the Redevelopment Agency of the City of Moorpark BACKGROUND & DISCUSSION With the goal of redeveloping the south side of High Street, the Redevelopment Agency of the City of Moorpark ("Agency") acquired the property on the south side of High Street between Moorpark Avenue and the Metrolink Parking Lot ("Property") in 1994. At the time of the Agency's purchase, there were various leases that were transferred to the Agency with the purchase of the Property. One of the leases was a ground lease with Benjamin Cano for the area known as 104 High Street and currently the site of Maria's Restaurant. Since at the time of the Agency's purchase there were no serious proposals to redevelop the site, Mr. Cano was offered a one year lease, which would go month-to-month at the end of the term, until such time as the Property was needed for development. After the initial one-year lease term, Mr. Cano sold his business and sub- leased his property to a new operator. The sub-lessee business owner has since changed hands without the Agency's approval and Mr. Cano has since passed away. On June 28, 2011, Governor Brown signed into law two bills that amended California Community Redevelopment Law in order to address the state's ongoing budget deficit. ABx1 26 dissolved all California redevelopment agencies (RDAs) effective October 1, 2011. This legislation prevented RDAs from engaging in new activities and outlined a process for winding down the RDA's financial affairs. A companion bill, ABx1 27, was also passed, which allowed individual RDAs to avoid dissolution if they agreed to make substantial annual payments into a Special District Allocation Fund and Educational Revenue Augmentation Fund. Various redevelopment organizations filed lawsuits with the California Supreme Court challenging the constitutionality of both ABx1 26 and ABx1 27. On December 29, 2011, the California Supreme Court upheld the constitutionality of ABX1 26, while striking down ABx1 27 as unconstitutional. As a result, AB X1 26, as upheld and modified by the Supreme Court in California 1 Honorable Successor Agency October 19, 2016 Page 2 Redevelopment Association, et al. v. Ana Matosantos, et al. (53 CaL 4th 231(2011)), dissolved the Agency as of February 1, 2012 and created the Successor Agency to the Redevelopment Agency of the City of Moorpark ("Successor Agency"). All assets and liabilities of the former Agency were transferred to the Successor Agency. ABx1 26 required the Successor Agency to take certain actions relevant to the non-housing properties that caused long delays with property transfers or plans for redevelopment. The Property is currently held by the Successor Agency pending completion of acquisition by the City of Moorpark (City). The Successor Agency approved the purchase of the Property by the City on June 15, 2016 and the Oversight Board concurred with the decision on June 28, 2016. The State Department of Finance (DOE) did not object to the Oversight Board action and staff is in the process of completing the City's acquisition of the Property. With the proposed Apricot Lane Farms project, staff is seeking authorization to terminate the lease with the estate of Benjamin Cano. Staff needs time to properly notice the termination to allow for the removal of the improvements on the site, as required under the Lease. FISCAL IMPACT The Agency will cease to collect monthly rent in the amount of$550/month. STAFF RECOMMENDATION Approve termination of the lease agreement. 2