City of Long Beach - File #: 15-018SA

• File #: 15-018SA
• Version: 1
• Name: 062315-SA-Apprv. Sale 239 Elm Avenue
• Type: SA-Agenda Item
• Status: Approved
• File created: 6/16/2015
• In control: As the Successor Agency to the Redevelopment Agency of the City of Long Beach
• On agenda: 6/23/2015
• Final action: 6/23/2015
• Title: Recommendation to reclassify the Permissible Use of the property at 239 Elm Avenue, Assessor Parcel Number 7281-017-907 (Subject Property), from Future Development to Sale of Property; and Declare the Subject Property as surplus; authorize City Manager, or designee, to execute any and all documents necessary, including a Purchase and Sale Agreement with CV Communities, LLC, a Delaware limited liability company (Buyer), for the sale of the property in the amount of $325,000; and accept Categorical Exemption CE 15-064. (District 2)
• Indexes: Purchase Agreement
• Related files: 15-002SA, 13-017OB, 13-013SA, 15-022OB, 15-016OB, 15-013SA, 15-004OB, 07-049R

Date	Ver.	Action By	Action	Result
6/23/2015	1	As the Successor Agency to the Redevelopment Agency of the City of Long Beach	approve recommendation	Pass

TITLE
Recommendation to reclassify the Permissible Use of the property at 239 Elm Avenue, Assessor Parcel Number 7281-017-907 (Subject Property), from Future Development to Sale of Property; and

Declare the Subject Property as surplus; authorize City Manager, or designee, to execute any and all documents necessary, including a Purchase and Sale Agreement with CV Communities, LLC, a Delaware limited liability company (Buyer), for the sale of the property in the amount of $325,000; and accept Categorical Exemption CE 15-064. (District 2)

DISCUSSION
Chapter 9 of AB 1484 (“Post Compliance Provisions”) provides that within six (6) months following issuance of a Finding of Completion to a successor agency, that successor agency shall submit, subject to approval of its oversight board, a Long Range Property Management Plan (LRPMP) to the State of California Department of Finance (DOF). Within the LRPMP, all property owned by the former Redevelopment Agency (former RDA) of the City of Long Beach at the time of dissolution shall be categorized into four categories for permissible use: Enforceable Obligation, Government Use, Sale of Property and Future Development. The LRPMP was approved on March 10, 2015. The property located at 239 Elm Avenue, Assessor Parcel Number 7281-017-907 (Subject Property) (Exhibit A) is currently listed in the LRPMP as Future Development. Staff is requesting to change the permissible use of the Subject Property from Future Development to Sale of Property, allowing for disposition of the Subject Property to be expedited.

The Subject Property consists of approximately 7,500 square feet and is currently being utilized as a surface parking lot. The City of Long Beach (City) and the former RDA were in pre-existing and near-final discussions with CV Communities, LLC for the purchase and development of the Subject Property and the adjoining City property at the time of the former RDA’s dissolution. The City has entered into a Purchase and ...