TITLE
Recommendation to declare the City-owned property located at 1404 Hayes Avenue and 1351 Seabright Avenue, Assessor Parcel Numbers 7429-041-900 through -912 as surplus; authorize City Manager, or designee, to execute any and all documents necessary, including a Purchase and Sale Agreement, with DiCarlo Seafood Company, Inc., a California corporation, or Assignee, for the sale of the Subject Property in the amount of $1,966,291; and, accept Categorical Exemption CE 17-179. (District 1)
DISCUSSION
The City of Long Beach currently owns a 53,329 square-foot unimproved lot located at 1404 Hayes Avenue and 1351 Seabright Avenue, Assessor Parcel Numbers 7429-041-900 through -912 (Subject Property) (Exhibit A). 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 for development consistent with the vision and intent of the West Long Beach Industrial Redevelopment Project Area (Project Area) and its guiding documents.
In February 2016, the City released Request for Proposals No. CM15-160 soliciting proposals for the sale and development of the Subject Property; however, only one proposal was received and the proposed concept was not consistent with the Project Area guiding documents. The City released a second Request for Proposals, EP16-090, in February 2016; however, no proposals were received. Subsequently, the Subject Property was assigned to Lee and Associates, who solicited offers through an open real estate market listing; seven offers were received through this process. Lee and Associates worked with the Buyer to present the City with the subject offer. The subj...
Click here for full text