City Council
MEETING DATE: 3/9/2016
TITLE:
Title
Authorization to trade Housing Successor Agency Land for City Owned Land
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FROM:
Tami E. Scott, Administrative Services Director
RECOMMENDATION:
Recommendation
Staff recommends the City Council adopt a Resolution approving the trade of parcels, determining the parcels traded to be of equivalent value, and authorizing the City Manager to prepare and record all documents necessary to effectuate the trade; and that the Council as Housing Successor adopt a Resolution approving the trade of parcels, determining the parcels traded to be of equivalent value, and authorizing the City Manager to prepare and record all documents necessary to effectuate the trade.
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BACKGROUND:
The City owns ten parcels of vacant land located on Landau Boulevard between Vega Road and Elizabeth Road that were originally anticipated to be developed as a park. These parcels are approximately nine acres in size and are rectangularly shaped and are easily accessible by Landau and are adjacent to public transportation. The site is zoned R-1. The City's former redevelopment agency acquired approximately 7.5 acres of vacant land (zoned R-2) plus a contiguous quarter acre parcel on San Diego Drive (zoned R-1) that was to be used for access to the larger parcel from San Diego Drive as a housing site. This site is irregularly shaped and presented many unique development challenges. The former redevelopment agency had entered into a Disposition and Development Agreement with the Southern California Housing Development Corporation in 2006 for this housing site that was recently terminated because in the interim, financial feasibility for affordable housing became impossible due to changes in scoring criteria for other housing funding sources and the loss of redevelopment.
DISCUSSION:
Park needs of the Dream Homes neighborhood were being facilitated by a joint use agreement on the Aqua Caliente School site. This school ...
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