TITLE
Recommendation to adopt Specifications No. RFP EP16-129 for the purchase and development opportunity at Pine Avenue and Pacific Coast Highway (1814 Pine Avenue/101 East Pacific Coast Highway), Assessor Parcel Numbers 7209-016-900 -901 (Subject Property);
Declare the City-owned Subject Property as surplus;
Authorize City Manager, or designee, to execute any and all necessary documents, including a Purchase and Sale Agreement with Mkott Pich, LLC, a California limited liability company, for the sale of the Subject Property in the amount of $370,000; and
Accept Categorical Exemption CE 16-177. (District 6)
DISCUSSION
The City of Long Beach (City) currently owns the Subject Property located at 1814 Pine Avenue/101 East Pacific Coast Highway, prominently positioned at the northeast corner of the intersection of Pine Avenue and Pacific Coast Highway (Exhibit A). The Subject Property is approximately 17,110 square feet and is currently unimproved. Formerly owned by the Redevelopment Agency of the City of Long Beach (Agency), the Subject Property was included in the Successor Agency’s Long Range Property Management Plan (LRPMP), which was approved by the State of California Department of Finance (DOF) on March 10, 2015 and amended on June 24, 2015. The Subject Property has been categorized with a permissible use of “Future Development,” allowing for the disposition of the Subject Property through a Request for Proposals (RFP) process for development consistent with the vision and intent of the Central Long Beach Redevelopment Project Area and its guiding documents. As further required in the LRPMP, the Subject Property has been conveyed to the City and is now a City-owned asset.
The RFP was advertised in the Long Beach Press-Telegram on April 8, 2016, and 7,190 potential proposers specializing in purchase and development opportunities were notified of the RFP opportunity. Of those proposers, 71 downloaded the RFP via the City’s electronic bid system. ...
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