TITLE
Recommendation to adopt resolution declaring Successor Agency-owned property located at 101 West Willow Street (APNs: 7206-025-040 through -045) (Subject Property) as "surplus land" as defined in Government Code Section 54220 et seq.; and authorize City Manager, or designee, to take any actions and execute any documents necessary to ensure compliance with the Surplus Land Act and State regulations relating thereto. (District 7)
DISCUSSION
The Successor Agency to the Redevelopment Agency of the City of Long Beach (City) (Successor Agency) is currently fee owner of a parcel located at 101 West Willow Street, Assessor Parcel Numbers 7206-025-040 through -045 (Subject Property) (Attachment A). The Subject Property is approximately 12.41 acres and is improved as Wrigley Marketplace, including a grocery store and various retail and food establishments. The Subject Property is included in the Successor Agency’s Long Range Property Management Plan, which was approved by the State of California Department of Finance on March 10, 2015 and amended on June 24, 2015 (Revised Plan). The Subject Property was originally categorized with a permissible use of “Enforceable Obligation” given it is subject to a ground lease that was signed on January 26, 1998 and has a base period that extends through February 1, 2033. There are also ten sublessee-initiated potential extensions that may keep the lease in place until January 30, 2083. During the approval process for the Revised Plan, the Subject Property was re-categorized with a permissible use of “Sale of Property” at the direction of the State Department of Finance requiring the Subject Property to be sold and proceeds distributed as property tax to the local taxing agencies. Prior to taking any actions to sell the Subject Property, specific requirements must be met to comply with the State Surplus Land Act (SLA).
The SLA, as codified in Government Code Section 54220 et seq., requires all public agencies to prioritize a...
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