For: Successor Agency Meeting [November 9, 2021]
TO: Honorable Chair and Board of the Successor Agency
FROM: Marcus Fuller, Executive Director
Title
Request the Successor Agency to the Redevelopment Agency of the City of Rialto to Adopt Resolution No. 03-21 Declaring that Certain 20,249 Square Feet Commercial Parcel Located at 119 N. Riverside Avenue Identified by Assessor's Parcel Number 0130-161-27 as Surplus Land and Directing the Executive Director to Follow the Procedures Set Forth in the Surplus Land Act, California Government Code Section 54220 et seq., as Amended on January 1, 2020, for the Sale of Surplus Land.
(ACTION)
Body
BACKGROUND
In 1992 the Redevelopment Agency of the City of Rialto, (the "RDA"), purchased from the San Bernardino County Transportation Authority the former train station building and property located at 119 N. Riverside Avenue, identified by Assessor Parcel Number 0130-161-27, (the "Property"), for the purpose of utilizing the building for a restaurant. The Property is generally shown Figure 1 below (noted as "Successor Agency Parcel") and on Exhibit A to this staff report.
Figure 1
The City also acquired from the RDA the adjoining parking lot which is owned solely by the City and is to be retained as City property as a public parking lot and is not a part of this action.
On January 1, 2004, the RDA entered a Commercial Lease Agreement with Cuca's Mexican Restaurant, Inc., a California corporation, for the purposes of operating the Cuca's Mexican Restaurant on the Property, (the "Cuca's Lease"). The Cuca's Lease included an initial five-year term with three optional five-year extensions, with the extension requests subject to a sixty (60) day notification. The first two optional five-year extensions were exercised extending the term of the Cuca's Lease through December 31, 2018. The third optional five-year extension was not exercised and the Cuca's Lease thereafter reverted to a month-to-month tenancy in accorda...
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