For City Council Meeting, and for City Council acting as the Successor Agency to the Redevelopment Agency Meeting (December 10, 2019)
TO: Honorable Mayor and City Council
APPROVAL: Rod Foster, City Administrator
FROM: Matt Schneider, Community Development Director
Title
Request the Successor Agency to the Redevelopment Agency of the City of Rialto Adopt Resolution No.7580 which approves the Agreement for the Purchase and Sale of Real Property and Joint Escrow Instructions for property owned by the Successor Agency and generally located at the northeast corner of Laurel Avenue and Renaissance Parkway, and more particularly identified as Assessor's Parcel Number 0240-211-21, to Orbis Real Estate Partners, LLC and forward it to the Countywide Oversight Board, and Request City Council set a Public Hearing for January 14, 2020 to consider an Agreement for the Purchase and Sale of Real Property and Joint Escrow Instructions with Orbis Real Estate Partners, LLC, for land that is owned by the City and proposed to be vacated and generally described as APN 0240-211-31 and located at the northwest intersection of Laurel Avenue and Renaissance Parkway.
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BACKGROUND
Successor Agency: On May 23, 2006, the Successor Agency purchased a vacant parcel, approximately 2.84 acres in area, located at the northeast corner of Laurel Avenue and Renaissance Parkway (Exhibit B). In February 2012, the State of California dissolved all redevelopment agencies and the vacant property became an asset of the Community Redevelopment Property Trust Fund (Trust Fund).
Pursuant to HSC Section 34191.5(b) the Successor Agency was required to create a Long Range Property Management Plan (LRPMP) that outlined all properties in the Trust Fund and their planned disposition. Per HSC section 34191.5(2) properties could be: a) retained for a governmental purpose, b) retained for future development, c) sold, or d) used to fulfill an enforceable obligation.
The Successor Agency submitted...
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