TITLE
Recommendation to adopt resolution declaring a 7.2-acre City of Long Beach (City)-owned parcel located at 429 Shoreline Village Drive, a portion of Assessor Parcel Number 7278-010-914, in the Tidelands Area of the City (Subject Property) as held by the City in trust as defined in Government Code Section 54221(f)(1)(H); 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 1)
DISCUSSION
The City is fee owner of a 7.2-acre parcel located at 429 Shoreline Village Drive (Subject Property) (Attachment). The Subject Property is currently under long term lease to ABA Shoreline Village, LLC (Lessee), which operates and maintains the development as Shoreline Village offering waterfront dining and shopping. The Lessee has expressed a desire to make significant improvements to the Subject Property in exchange for an extended lease term. As the City and the Lessee need to determine whether the proposal is viable and negotiate terms and conditions of a lease amendment, the City must ensure compliance with the Surplus Land Act (SLA) before any terms and conditions can be agreed upon.
As codified in Government Code Section 54220 et seq., the SLA requires all agencies to prioritize affordable housing as well as parks and open space when disposing of surplus land. Surplus land is land that is owned by a local agency that is determined to be no longer necessary for the agency's use. Recent changes to the SLA, through Assembly Bill (AB) 2135, (i) revise procedures for disposition by sale or lease of surplus land by local agencies; (ii) extend the good faith negotiation period with potential affordable housing developers to 90 days; (iii) deepen affordability requirements where an affordable housing project is developed on the site; and, (iv) add a requirement that if negotiations with an affordable housing developer are unsucce...
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