TITLE
Recommendation to declare a 3,900-square-foot City-owned vacant lot located at the southwest corner of 8th Street and Raymond Avenue, Assessor Parcel Number 7262-021-900 (Subject Property) as surplus; authorize City Manager, or designee, to execute any and all documents necessary, including a Purchase and Sale Agreement, with Kristine M. Diehl for the sale of the Subject Property in the amount of $20,000; and, accept Categorical Exemption CE 18-021. (District 2)
DISCUSSION
The City of Long Beach currently owns a 3,900-square-foot parcel located at the southweast corner of 8th Street and Raymond Avenue (Subject Property) (Exhibit A). The Subject Property is currently under lease to the adjacent property owner, Kristine M. Diehl, for $1 per month in exchange for property maintenance. The adjacent property owner has expressed an interest in purchasing the Subject Property, and an independent appraisal dated August 27, 2017, determined the fair market value to be $20,000. Selling the Subject Property to the adjacent property owner would remove the parcel from the City’s liability and allow the parcel to be placed back onto the property tax rolls.
The sale of the Subject Property is exempt from Government Code Section 54220 et seq (Chapter 621, Statutes of 1968), due to the size of the Subject Property being less than 5,000 square feet and less than the minimum legal residential building lot size for this area. A Categorical Exemption, CE 18-021 (Exhibit B), was completed related to the proposed transaction on January 23, 2018.
This matter was reviewed by Deputy City Attorney Richard F. Anthony on January 23, 2018 and by Budget Analysis Officer Julissa José-Murray on January 25, 2018.
TIMING CONSIDERATIONS
City Council action is requested on February 13, 2018, to facilitate the sale of the Subject Property.
FISCAL IMPACT
The sale proceeds of $20,000, less any escrow and closing fees, will be a one-time revenue source to the General Fund. There i...
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