TITLE
Recommendation to authorize City Manager, or designee, to execute any and all necessary documents, including a Master Agreement for Taxing Entity Compensation with Los Angeles County Chief Administrative Office, Los Angeles County Office of Education, Los Angeles County Department of Public Works, Los Angeles County Sanitation District, Water Replenishment District of Southern California, Long Beach Community College District and Long Beach Unified School District, for distribution of sale proceeds related to properties designated as Future Development under Redevelopment Agency dissolution procedures.
(Districts 1,2,6,8,9)
DISCUSSION
With the passage of ABx1 26 in June 2011, and the subsequent California Supreme Court decision upholding ABx1 26 in December of that year, California’s Redevelopment Agencies were dissolved effective February 1, 2012. On June 27, 2012, AB 1484 was signed into law modifying various provisions of ABx1 26 relating to Redevelopment Agency dissolution procedures, one of which was requiring Successor Agencies to prepare a Long Range Property Management Plan (LRPMP) addressing the disposition and use of all real property held by the Agency at time of dissolution. The LRPMP classified real property into four permissible use categories: (1) government purposes, (2) future development, (3) sale, and (4) fulfillment of an enforceable obligation. Of the Successor Agency’s 259 parcels included in the LRPMP, 141 properties were classified as “Future Development” (Exhibit A) allowing them to be transferred to the City and disposed of consistent with applicable Redevelopment Plans and guiding documents for respective project areas once the LRPMP was approved. The LRPMP was approved by the State of California Department of Finance (DOF) on March 10, 2015 and amended on June 24, 2015.
Further, AB 1484 added Section 34180(f) to the State Health and Safety Code requiring Cities that wish to retain property for Future Development to enter i...
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