TITLE
Recommendation to adopt resolution authorizing the acquisition of tax-defaulted property, Assessor Parcel Number 7202-028-044, in the City of Long Beach from the County of Los Angeles; and authorize City Manager to execute a Chapter 8 Agreement and any and all documents necessary for the acquisition of the tax-defaulted property. (District 7)
DISCUSSION
In July 2011, the Los Angeles County Treasurer and Tax Collector (County) released a list of properties to be included in the 2011A Public Tax Auction (Auction). These properties have been tax-defaulted for non-payment of property taxes and deemed Subject to Power to Sell by the County. Prior to conducting the Auction, the County grants local governmental agencies an opportunity to request acquisition of these properties, as allowed under the California Revenue and Taxation Code, Division 1, Part 6, Chapter 8, which outlines the provisions for the acquisition of properties by a public agency, if a public need can be determined (Chapter 8 Agreement).
City staff has reviewed and identified one vacant parcel for City acquisition that is located adjacent to the Los Angeles River between 19th and 20th Streets, Assessor Parcel Number 7202-028-044 (Subject Property) (attachment). The City’s Department of Parks, Recreation and Marine (Parks) requested the Subject Property for development as open space. The purchase price of the Subject Property from the County is approximately $4,672 which represents the amount of delinquent property taxes and penalties owed on the Subject Property. In addition, fees of approximately $1,000 will be charged for administrative and processing costs, for a total cost of $5,672.
On behalf of the City, the Department of Public Works submitted a written request to the County for a Chapter 8 Agreement to purchase the Subject Property. In order to proceed, the County requires the City Council to adopt a resolution authorizing the acquisition of tax-defaulted property and authori...
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