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HomeMy WebLinkAboutSA RESO 2014-53RESOLUTION NO. 2014 — 53 RESOLUTION OF THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY APPROVING A LONG RANGE PROPERTY MANAGEMENT PLAN PURSUANT TO HEALTH AND SAFETY CODE SECTION 34191.5 WHEREAS, Assembly Bill 26 ("AB26") as amended in AB 1484, together, being referenced below as the "Dissolution Act" dissolved redevelopment agencies and required successor agencies to wind down redevelopment agencies' affairs; and WHEREAS, pursuant to the Dissolution Act, all real property owned by the dissolved Community Development Commission of the City of National City ("CDC") has been transferred to the control of the Successor Agency to the Community Development Commission of the National City Redevelopment Agency ("Successor Agency"); and WHEREAS, Health and Safety Code Section 34191.5(b) requires a successor agency to prepare a long-range property management plan ("LRPMP") that addresses the disposition and use of the real properties of the former redevelopment agency within six months of receiving a "finding of completion"; and WHEREAS, Health and Safety Code Section 34191.5(b) also requires the Successor Agency to submit the LRPMP to the Oversight Board and the California Department of Finance ("DOF") for approval; and WHEREAS, the Successor Agency received its "finding of completion" from the DOF on September 9, 2014; and WHEREAS, the Successor Agency has prepared a LRPMP that contains all the information required under Health and Safety Code Section 34191.5; and WHEREAS, approval of the LRPMP is not a "Project" under section 15378 of the California Environmental Quality Act ("CEQA") Guidelines because the proposed action consists of administrative activity that will not result in direct or indirect physical changes to the environment and, as such, pursuant to section 15061(b)(3) of the CEQA Guidelines is not subject to CEQA. NOW, THEREFORE, BE IT RESOLVED, by the Successor Agency to the Community Development Commission as the National City Redevelopment Agency as follows: Section 1. The Recitals set forth above are true and correct and are incorporated into this Resolution by reference. Section 2. The Long Range Property Management Plan attached to this Resolution as Exhibit "A" is hereby approved. Section 3. Staff is authorized and directed to take any action necessary to carry out the purposes of this Resolution and comply with applicable law regarding the Long Range Property Management Plan, including submitting the LRPMP to the Oversight Board and the State of California Department of Finance for approval. Resolution No. 2014 — 53 Page Two PASSED and ADOPTED this 21st day of October, 2014. �/a on Morrison, airman ATTEST: 4-j-j j i. & - Michael R. Dalla, Itity Clerk as Secretary to the Successor Agency ROVED AS TO FO elAudia GE Successor Long Range Property Management Plan 4- CALIFORNIA N IONA Successor Agency to the Community Development Commission as the National City Redevelopment Agency Long Range Property Management Plan EXHIBIT'A' Long Range Property Management Plan Introduction Pursuant to Assembly Bill ("AB") 1484, which was signed into law on June 27, 2012, all successor agencies to former redevelopment agencies are required to formulate a Long Range Property Management Plan ("LRPMP"). The LRPMP addresses the disposition and use of the former redevelopment agency properties. This is the LRPMP for the Successor Agency to the Community Development Commission as the National City Redevelopment Agency (Successor Agency). Successor Agency Properties Summary The Successor Agency owns in fee simple 34 individual parcels that are included in this LRPMP. Several of these parcels will be combined as a whole site for sale or transfer. The Successor Agency has nine (9) properties to be transferred to the City of National City for government use, ten (10) properties to be retained for future development, and one (1) property proposed to be sold. The property that is proposed to be sold shall be sold pursuant to a disposition process approved by resolution of the Oversight Board to the Successor Agency. Address Street APN Site Name Disposition Strategy 1231 McKinley Ave 559-022-05 McKinley Retained for Government Use 1237 McKinley Ave 559-022-07 Public Works Retained for Government Development Use Yard 1239 McKinley Ave 559-022-08 Public Works Retained for Government Development Use Yard No Site Cleveland Ave 559-160-23 Marina Gateway Retained for Government Address Hotel Use No Site Cleveland Ave 559-160-25 Marina Gateway Retained for Government Address Hotel Use No Site Cleveland Ave 559-160-27 Marina Gateway Retained for Government Address Hotel Use No Site Cleveland Ave 559-160-29 Marina Gateway Retained for Government Address Hotel Use No Site Bay Marina Dr. 559-117-19 Marina Gateway Retained for Government Address Hotel Use No Site Cleveland Ave 559-117-21 Marina Gateway Retained for Government Address Hotel Use No Site F Ave 560-232-02 Stein Farm Retained for Government Address Use No Site E Ave 560-232-04 Stein Farm Retained for Government Address Use 1845 E Ave 560-232-05 Stein Farm Retained for Government Use 2 Long Range Property Management Plan Address Street APN Site Name Disposition 1808 F Ave 560-232-06 Stein Farm Retained for Government Use No Site Sheryl Ln 557-430-37 Sheryl Lane Retained for Government Address Remnant Use 921 A Ave 556-472-16 Kimball House Retained for Government Use 900 W. 23rd St 559-040-43-01 Santa Fe Depot Retained for Government Use No Site No Site Address 560-050-13 Kimball Way Retained for Government Address Use No Site No Site Address 560-410-02 Kimball Way Retained for Government Address Creek Use No Site No Site Address 560-410-08 Kimball Way Retained for Government Address Creek Use No Site No Site Address 559-117-04 Olson Property Retained for Future Address Development 2300 Cleveland Ave 559-117-05 Olson Property Retained for Future Development 830 23rd St 559-117-06 Olson Property Retained for Future Development 835 W. 24th St 559-117-07 Olson Property Retained for Future Development 801 Bay Marina Dr. 559-117-12 Olson Property Retained for Future Development 921 National City Blvd 556-471-03 Former Retained for Future Education Development Center 929 National City Blvd 556-471-04 Steamed Bean Retained for Future Development 130 E. 8th St 556-472-26 H&M Goodies Retained for Future Development 500 Plaza Blvd 556-560-39 Lamb's Theatre Retained for Future Development 720 W. 20th St 559-118-02 ACE Metals Retained for Future Development No Site National City Blvd 562-321-08 RCP Retained for Future Address Development 1640 E. Plaza Blvd 557-410-20 Day's Inn Retained for Future Development 38 W. I 1 th St 555-114-01 Roosevelt Lot Retained for Future Development No Site No Site Address 555-114-04 Roosevelt Retained for Future Address I Parking Lot I Development 45 1 E. 12th St #401 556-554-22-43 Centro Unit Sale of Property Long Range Property Management Plan Property Valuation Estimates and Limitations The Successor Agency properties' estimates of value contained in this report were created through the San Diego State University's (SDSU) Sage Project during the spring of 2014. After conducting the market analyses and determining the proposed highest and best use, the Sage Project students met with Trevor Hubbard, MAI, SRA, an appraiser with Jones, Roach & Caringella, Inc. Trevor reviewed the comparable sales and proposed highest and best uses the students provided and provided constructive criticisms, suggestions and directions regarding the process an appraiser would use to determine the value of commercial property. Each group then completed a sales comparison table, worked the comparable properties in an adjustment grid and, finally, wrote a valuation analysis that described the valuation process and issued an estimated value of each parcel. Each valuation includes a short description of the subject property/site and a short description of each comparable property that corresponds to a detailed data table. Following each data table is an adjustment grid where students, under the direction of their instructor, attempted to make the necessary adjustments to each comparable property value in order to determine an accurate median price per square foot. The explanation and justification of the adjustments made is provided in an adjustment analysis section after the adjustment grid. Finally, based on the analysis of comparable properties, an estimated value is recommended by the students. It is important to remember that students with basic instruction in valuation theory created these valuations. While believed to be credible, the conclusions are student opinions, not professional appraisals. 4 Long Range Property Management Plan Lot Size Address APN # Acquisition Date Value at Time of Purchase (SF) Zoning 1231 McKinley J 559-022-05 T 10/22/1999 $50,060 2,613 MM - CZ Purpose for which property was acquired These parcels were acquired for future development within the blighted area. History/Background The former Redevelopment Agency acquired this parcel through eminent domain and was planned for future development but never came to fruition. The parcel is currently used by the City's Engineering and Public Works Department to store equipment and supplies. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has both the Medium Manufacturing (MM) and Coastal Zone Overlay (CZ) zoning designations. Despite being one mile from the 8th Street trolley station, the lot size and location of this site provide little indication that the site is suitable for transit -oriented development. G Long Range Property Management Plan Previous Development Proposals and Activity No development proposals have been made. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used by the City's Engineering and Public Works Department to store equipment and supplies, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information Based upon comparable sales within the local San Diego County market, the current value of the properties is $44,400. 0 Long Range Property Management Plan Development Yard Address APN # Acquisition Value at Time Lot Size (SF) Zoning Date of Purchase 1237 McKinley Ave 559-022-07 7/23/1998 $81,710 3,049 MM - CZ 1239 McKinley Ave 559-022-08 7/8/1998 $60,000 3,049 MM - CZ Purpose for which property was acquired Purchased to create an assemblage suitable for redevelopment of a blighted area. History/Background The Community Development Commission ("CDC") purchased these parcels in 1998. There was a house on the two contiguous parcels. Shortly after the site was purchased by the CDC the residents left and the house was demolished. The parcel is currently used the City Engineering and Public Works Department to store and access street repair materials such as gravel and asphalt used for street repairs. History of environmental contamination or remediation efforts A Phase I ESA was conducted on the parcels in 2010 and identified proximal sources of potential soil and groundwater contamination that represent a recognized environmental condition. The Phase I recommendation was to perform a Phase II subsurface investigation to provide information for construction contingency planning if required for future development activities. No environmental remediation has taken place. However, the site is located in the CDC's former Brownfield Grant Redevelopment Area. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A 7 Long Range Property Management Plan Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency These parcels have both the Medium Manufacturing (MM) and Coastal Zone Overlay (CZ) zoning designations. Despite being less than one-half mile from the 8th Street trolley station, the lot sizes and zoning of this site provide little indication that the site is suitable for transit - oriented development. Previous Development Proposals and Activity No development proposals have been made. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used as a City Public Works and Engineering facility, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests a value of $85,000 as of May 2014 for both parcels combined. The last professional appraisal to be conducted at the site is unknown. Long Range Property Management Plan Marina Gateway Hotel Remnants Address APN # Acquisition Date Value at Time of Purchase Lot Size (SF) Zoning No Site Address 559-160-23 10/31/2001 N/A 5,924 CT-PD-CZ No Site Address 559-160-25 10/31/2001 N/A 23,087 CT-PD-CZ No Site Address 559-160-27 3/13/2001 N/A 23,522 CT-PD-CZ No Site Address 559-160-29 10/31/2001 N/A 3,974 CT-PD-CZ No Site Address 559-117-19 1/11/2008 N/A 2,839 CT PD CZ No Site) 559-117-21 10/31/2001 N/A 1,709 CT PD CZ Purpose for which property was acquired Assemblage for large scale commercial development. History/Background The original assembled parcel was composed of 4.63 acres, which were obtained through eminent.domain proceedings. It was then developed into the Marina Gateway Hotel, a facility with approximately 150 rooms, 8,000 square foot of conference facilities, a 4,000 square foot restaurant and 10,000 square feet of office space. After the redevelopment the CDC was left with six remainder parcels surrounding the development. Three of the subject parcels are located to the north of the hotel (A, B & F) and are used as sidewalk and streetscape areas. The other three parcels to the south of the hotel (C, D & E) are used for public purposes and were developed into a bike path and walkway. The parcels to the south also act as a buffer between the hotel development and federal marsh land. History of environmental contamination or remediation efforts Adjacent parcels to the site have had numerous environmental studies indicating a moderate amount of environmental contamination that was remediated in the early 1990s. The APN's of the subject site are not mentioned in any of the Phase I, Phase II, or groundwater and E Long Range Property Management Plan geotechnical reports directly, however the adjacent parcels were contaminated by the previous presence of one underground storage tank (UST) and four above ground storage tanks (AST). The AST and the USTs were removed in the early 1990s and KMS Environmental excavated approximately 200 cubic yards of soil. Remediation efforts were successful and did not lender the development of the Marina Gateway Hotel. It is believed the subject site no longer contains any environmental contamination. Estimate of Lease/Rental/Otber N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency These parcels have the Tourist Commercial (CT), Planned Development Overlay (PD), and Coastal Zone Overlay (CZ) zoning designations. Despite being less than one-half mile from the 24th Street trolley station, the lot sizes and zoning of this site provide little indication that the site is suitable for transit -oriented development. Previous Development Proposals and Activity No development proposals have been made. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used as a buffer to open space and as right-of-way, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information Due to the size and location of these parcels, the subject site is considered to have nominal value. The last professional appraisal to be conducted at the site is unknown. 10 Long Range Property Management Plan Stein Farm Address APN # Acquisition Date Value at Time of Purchase Lot Size (SF) Zoning No Site Address 560-232-02 7/30/1992 $520,000 20,473 OS No Site Address 560-232-04 7/30/1992 28,750 OS 1845 E Ave 560-232-05 8/19/1997 7,840 RM-3 1808 FAve 560-232-06 7/30/1992 15,681 OS Purpose for which property was acquired Purchased to protect the property as a locally significant open space. History/Background Charles Stein purchased the property from E. Thelen in 1900 and the Stein family occupied it until 1992. Although there is debate about the origins of the 1808 F Avenue house, it is known that Charles Stein did make many modifications to the property over time. The barn, built by Mr. Fuson of National City, was thriftily made with varying sizes of lumber, some of which were clearly recycled from earlier buildings. Ownership of the home passed from Stein's daughters, Frieda and Maria, to a niece, Madelyn, and finally their grandnephew Steven. The Community Development Commission acquired the Stein Farm properties in 1992 and it is now being operated as a Living History Museum. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Long Range Property Management Plan Estimate of Lease/Rental/Other The last fully executed Operating Agreement with the National City Living History Farm Preserve, Inc. for operation of the farm and museum was signed in 1992 and is currently on hold over. Contractual Requirements for Use of Income/Revenue Any revenues collected from the unit at 1835 E Avenue will continue to be used to support the operation of Stein Fann and the museum. Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency These parcels have the Open Space (OS) and the Very High Density Multi -Unit Residential (RM-3) zoning designations. Despite being less than one mile from the 24th Street trolley station the zoning and historic designation of this site provide little indication for any transit - oriented development. Previous Development Proposals and Activity In 1992, descendants of the Steins were approached by a developer interested in building apartments on the site. After a public awareness campaign to "Save the Farm," the property was sold to the CDC to retain the property as a museum. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used as a living history preserve and education urban farm that is open to the general public, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information The property will continue to be used as a public urban farm. Therefore, this property has no commercial value. 12 Long Range Property Management Plan Acquisition Value at Time of Address APN # Date Purchase Lot Size (SF) Zoning No site address 557-430-37 11/9/1993 N/A 154 MXD-2 Purpose for which property was acquired The property was acquired as part of a residential development in conjunction with a local organization, Habitat for Humanity. This parcel was a remnant piece post -development. History/Background This property was a remnant parcel from a housing development by Habitat for Humanity within the surrounding cul-de-sac. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Major Mixed -Use District (MXD-2) zoning designation. However, the lot size and location of this site provide little indication that the site is suitable for transit - oriented development. Previous Development Proposals and Activity No development proposals have been made. 13 Long Range Property Management Plan Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used as part of the right-of-way and sidewalk, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information This property is a remnant piece that is part of a sidewalk and right-of-way, which is not independently developable. Therefore this property has no commercial value. 14 Long Range Property Management Plan Kimball Douse Acquisition Value at Time of Address APN # Date Purchase Lot Size (SF) Zoning 921 A Avenue 556-472-16 8/16/76 $252,264 8,712 11 Purpose for which property was acquired Purchased to protect the property as a locally designated historic building. History/Background Frank Kimball, a founder of National City, built the home in 1868. The house boasted of being the first modern house in San Diego with amenities such as a bath tub with running water. Originally located at 21 W. Plaza Boulevard, the building was moved to its current location on A Street near Brick Row in Heritage Square in 1980 to protect it from being demolished. The cost of moving the building and the cost for the land on A Street are unknown. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other The Community Development Commission has a 15 year lease with the National City Historical Society. The lease expires August 19, 2023 and provides the first floor of the Kimball House to the National City Historical Society for use as a museum. Contractual Requirements for Use of Income/Revenue Any funds received from the operation of the museum are used to pay for utilities and maintenance of the house. 15 Long Range Property Management Plan Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This property has the Downtown Specific Plan Development Zone 11 (11) zoning designation. Located a mere half -mile away from the 8th Street trolley station and within a 1 block radius of 4 bus stops supporting 5 different routes, the site is a prime location to support transit -oriented development. The trolley offers transit access to popular San Diego attractions including Old Town, Mission Valley, Fashion Valley, Petco Park, and Qualcomm stadium. The close proximity to the trolley line makes it a convenient location to access other parts of San Diego. Furthermore, the site is situated in the central business district and is within walking distance from retail, recreational and civic services. Any development at this site should enhance the creation of a walkable and transit -oriented neighborhood. Previous Development Proposals and Activity No development proposals have been made. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development e. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used as a historic site, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information The property will continue to be used as a public historic site. Therefore, this property will have no commercial value. 16 Long Range Property Management Plan Santa Fe Depot Address APN # Acquisition Value at Time of Lot Size Zoning Date Purchase (SF) 900 W.23rd Street 559-040-43-01 8/15/1995 $678,000 49,223 CT-PD-CZ Purpose for which property was acquired Purchased to restore registered historic structure as a museum. History/Background The Santa Fe Rail Depot was built in 1882 and was the first rail station in the San Diego region to be integrated into the transcontinental rail system. The depot was designed with an Italianate style of architecture and lies within its original location. The Santa Fe Rail Depot is the oldest railroad -related structure in San Diego County and is a nationally registered historic site. In 1995 the Community Development Commission acquired the depot so it could remain a historic site under public ownership. The CDC made numerous improvements to restore the depot to the original design. The rail depot is currently being maintained and operated by the San Diego Electric Railway Association, which is a non-profit corporation dedicated to preserving the historic streetcar systems in the County. The depot acts as both a museum, highlighting the historic role of the railroad system in developing San Diego, as well as a community gathering center. 17 Long Range Property Management Plan History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other Two office rental units on the second story generate $280 monthly. The lease with MRW Inc. is a separate lease from the lease agreement between the CDC and the SDERA that was entered into on September 2, 2008. In 2011 the lease with SDERA was renewed and allowed up to 4 additional 3-year terms. Contractual Requirements for Use of Income/Revenue Rental income is used to pay utilities and insurance for the museum. Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Tourist Commercial (CT), Planned Development Overlay (PD), and Coastal Zone Overlay (CZ) zoning designations. Despite being located one-half mile from the nearest trolley stop, the current use and designation of the property indicates the site is not suitable for transit -oriented development. Previous Development Proposals and Activity Various uses have been proposed for the Rail Depot including a restaurant, office space, industrial space, and a storage space. As a vacant property there was a proposal for the development of an owner occupied or build -to -suit industrial office with the possibility of a second building with a cafe/restaurant serving breakfast and lunch to the surrounding industrial area. As an improved property there was consideration of community uses such as a museum or community meeting rooms and adult education. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used as a historic train depot and free public train museum, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information The property will continue to be used as a historic site and a free public train museum. Therefore, this property will have no commercial value. 18 Long Range Property Management Plan Kimball Way Acquisition Value at Time Address APN # Date of Purchase Lot Size (SF) Zoning No Site Address 560-050-13 2/2/1981 N/A 2,400 MXD-2 Purpose for which property was acquired Purchased to create an assemblage suitable for redevelopment of a blighted area. History/Background This parcel was the result of developments that occurred on and adjacent to the street Kimball Way. This property is a remnant parcel of retail development that occurred on Highland Avenue and E. 14th Street. No vertical improvements have been made nor proposed. This parcel is currently part being used as right-of-way and public ingress and egress. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Major Mixed -Use District (MXD-2) zoning designation. Despite being one mile from the 8th Street trolley station, the lot size and location of this site provide little indication that the site is suitable for transit -oriented development. Previous Development Proposals and Activity No development proposals have been made. 19 Long Range Property Management Plan Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used as a part of the public right-of-way, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information This property is being used a right of way and sidewalk for public ingress and egress. It is designated to remain in public use. Therefore, there is no commercial value for this property. 20 Long Range Property Management Plan Kimhnll Way Creek Address APN # Acquisition Date Value at Time of Purchase Lot Size (SF) Zoning No Site Address 560-410-02 2/22/1978 N/A 17,949 MXD-2 No Site Address 560-410-08 1978 N/A 1,746 RM-2 Purpose for which property was acquired Purchased to create an assemblage suitable for redevelopment of a blighted area. History/Background The Kimball Creek parcel is a result of developments that occurred on and adjacent to the street Kimball Way. This property is a remnant parcel of retail development that occurred on Highland Avenue and E. 14t' Street. No vertical improvements have been made nor proposed. This parcel is currently part of a creek. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency These parcels have both the Major Mixed -Use District (MXD-2) and High Density Multi - Unit Residential zoning designations. Despite being one mile from the 8th Street trolley station, the lot size and location of this site provide little indication that the site is suitable for transit -oriented development. Previous Development Proposals and Activity No development proposals have been made. 21 Long Range Property Management Plan Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property As a property currently used as a part of the public right-of-way and creek, the property will be transferred to and retained by the City of National City for governmental use. Estimate of current value of parcel including any appraisal information This property is being used as part of a creek. Therefore, there is no commercial value for this property. 22 Long Range Property Management Plan nlcnn Address APN # Acquisition Date Value at Time of Purchase Lot Size (SF) Zoning No Site Address 559-117-04 1/27/1999 $260,000 3,049 MM - CZ 2300 Cleveland Ave. 559-117-05 1/27/1999 $260,000 14,374 MM - CZ 830 W. 23`' St. 559-117-06 1/27/1999 $430,000 8,394 MM - CZ 835 W. 24th St. 559-117-07 8/3/1994 $165,000 20,037 MM - CZ 801 Bay Marina Dr. 559-117-12 1/27/1999 $260,000 28,750 MM - CZ Purpose for which property was acquired Assemblage for large scale commercial and light industrial redevelopment. History/Background National City approved a General Plan in 1996 that included allowances for the Port District to develop a marina and expand recreational uses adjacent to Pepper Park. The Community Development Commission acquired the subject site, and others in the immediate area, to encourage tourist -oriented commercial development on the south side of Bay Marina Drive and light industrial uses to the north. in September of 2009 the National City adopted a vacation of the alley -way south of West 23rd Street and north of Bay Marina Drive to encourage development and implementation of the Harbor District Specific Plan. Parcels 559-1 l 7-04, 05, & 12 were acquired by the Community Development Commission from Tideland Properties on January 27, 1999 for $780,000. The three parcels are situated on 23rd Street, Bay Marina Drive and Cleveland Avenue. At the time of purchase the property was improved with one double -Quonset style industrial building, one metal Butler style industrial building and a two-story concrete office building. The 16,430 SF of improved area was demolished in 1999 to prepare the site for future redevelopment. Parcel 559-117-06 was acquired by the Community Development Commission from Robert D. Young on January 27, 1999 for $430,000. This parcel is situated at the southeast corner of Harrison and 23rd street. At the time of purchase the property was improved with an 8,506 SF 23 Long Range Property Management Plan industrial building until being demolished in 1999. Parcel 559-117-07 was acquired by the Community Development Commission from the Bankruptcy estate of Remo Tontini on August 2, 1994. The acquisition price is unknown. The site is situated on the northwest corner of Harrison Avenue and Bay Marina Drive. At the time of purchase there were four connected main buildings with additional outdoor storage spaces, which were demolished in 1999. History of environmental contamination or remediation efforts According to the Environmental Business Solutions, Inc. report in September 2001. The subject site had three wells that were installed at the property. The wells were sampled and analyzed for volatile organic compounds (VOC's), semi -volatile organic compounds (SVOC's), methyl tertiary ether (MTBE), poly -nuclear aromatic hydrocarbons (PAHs), and metals listed in Title 22 of the California Code of Regulation (CCR). The sampling was documented in a February 8, 1999, groundwater monitoring report by Ninyo & Moore. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency These parcels have both the Medium Manufacturing (MM) and Coastal Zone Overlay (CZ) zoning designations. The 24th Street trolley station is approximately 0.4 miles from the subject property. It provides 156 free parking spaces with a north -south trolley line that runs seven days a week. The trolley offers transit access to popular San Diego attractions including Old Town, Mission Valley, Fashion Valley, Petco Park, and Qualcomm stadium. The close proximity to the trolley line makes it a convenient location to access other parts of San Diego, indicating the site has potential for transit -oriented development. Additionally, transit -oriented development would support the agency's planning objective of developing commercial and recreational uses by focusing on increased tourism. Previous Development Proposals and Activity The Community Development Commission was in negotiations with Marina Gateway Development Company to develop a commercial project on the subject site. The goal and strategy of development was to provide retail and tourism uses that would complement and support the existing industrial development and other new commercial developments in the vicinity. The subject property was being actively marketed until the dissolution of the redevelopment agency. 24 Long Range Property Management Plan Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests a value of $2,250,000 as of May 1, 2014. The last known professional appraisals have been completed as follows: APN 559-117-05 (B): Land Value of $250,000 as of October 9, 2003. Appraised by Keagy Real Estate. APN 559-117-06 (D): Real Property Value of $408,000 as of January 15, 1998. Appraised by Hendrickson Appraisal Company. APN 559-117-04, 12 (A & C): Real Property Value of $735,000 as of February 15, 1998. Appraised by Hendrickson Appraisal Company. APN 559-117-07 (E): Real Property Value of $465,000 as of November 22, 1989. Appraised by G.R. Bill Company 25 Long Range Property Management Plan Former Education Center Acquisition Value at Time of Lot Size Address APN # Date i Purchase (SF) Zoning 921 National City Blvd 556-471-03 8/16/2000 $350,000 8,712 5B Purpose for which property was acquired Purchased to redevelop blighted area in the central business district with new commercial and/or residential uses. History/Background Parcel 556-471-03: Acquired by the Community Development Commission from the Wenig Herbert Trust on July 26, 2000. The property, located on National City Blvd. between 9th St. and Plaza Blvd. was previously an education center that helped engage the community with opportunities in higher education. After 13 years as a vacant property, the Wenig family sold the property to the CDC. In 2001 the education center was demolished by Whillock Contract and the property has remained undeveloped since. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Downtown Specific Plan Development Zone 5B (5B) zoning designation. Located a mere half -mile away from the 8th Street trolley station and within a one block radius of three bus stops supporting five different routes, the site is a prime location to 26 Long Range Property Management Plan support transit -oriented development. The trolley offers transit access to popular San Diego attractions including Old Town, Mission Valley. Fashion Valley, Petco Park, and Qualcomm stadium. The close proximity to the trolley line makes it a convenient location to access other parts of San Diego. Furthermore, the site is situated in the central business district and is within walking distance from retail, recreational and civic services. Any development at this site should enhance the creation of a walkable and transit -oriented neighborhood. Previous Development Proposals and Activity No development proposals have been made that met zoning and municipal code requirements. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests a value of $235,000 as of May 1, 2014. 27 Long Range Property Management Plan Steamed Bean Acquisition Value at Time of Address APN # Date Purchase Lot Size (SF) Zoning 929 National City Blvd 556-471-04 7/29/2003 $225,000 3,049 5B Purpose for which property was acquired The parcel was purchased to redevelop a blighted area in the central business district with new commercial and/or residential type of uses. History/Background On July 29, 2003, the Community Development Commission acquired this parcel from Patricia Sanders. This parcel is contiguous with the former education center property and the CDC was approached by a representative of the subject property while pursuing the purchase of the education center. Negotiations for the property purchase took place but no agreements were finalized. In mid-2002, negotiations were renewed and a purchase price of 5225,000 was negotiated without the use of an appraiser. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Long Range Property Management Plan Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Downtown Specific Plan Development Zone 5B (5B) zoning designation. Located a mere half -mile away from the 8th Street trolley station and within a one block radius of three bus stops supporting five different routes, the site is a prime location to support transit -oriented development. The trolley offers transit access to popular San Diego attractions including Old Town, Mission Valley, Fashion Valley, Petco Park, and Qualcomm stadium. The close proximity to the trolley line makes it a convenient location to access other parts of San Diego. Furthermore, the site is situated in the central business district and is within walking distance from retail, recreational and civic services. Any development at this site should enhance the creation of a walkable and transit -oriented neighborhood. Previous Development Proposals and Activity No development proposals have been made. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Based upon a February 26, 2003 appraisal by Michael D. Keagy Real Estate, the estimated market value of the property is $173,233. 29 Long Range Property Management Plan H&M Goodies Acquisition Value at Time Address APN # Date of Purchase Lot Size (SF) Zoning 130 E. 8th Street 556-472-26 4/25/2003 $1,085,000 28,750 9 & 10 Purpose for which property was acquired Purchased to redevelop blighted area in the central business district with new commercial and/or residential uses. History/Background A purchase price of $1,085,000 was agreed upon contingent on the CDC obtaining free and clear title and environmental clearances. The price was inclusive of all costs including relocation, loss of goodwill, and the value of all fixtures and equipment. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. However, the site was subjected to a Fire Code inspection in 2011 and was cited with multiple code violations, including the possibility of lead paint. Estimate of Lease/Rental/Other The CDC entered into a 6 month lease with the Schoenfeld Family Trust on May 1, 2003 to continue the operation of a retail location. The lease is now operated on a month -to -month basis and generates an income of $2,500. Contractual Requirements for Use of Income/Revenue $2,500 per month is received for the operating lease as revenue to the Successor Agency. Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Downtown Specific Plan Development Zones 9 and 10 (9 & 10) zoning designations. Located less than a half -mile away from the 8th Street trolley station and within a 30 Long Range Property Management Plan 4 block radius of four bus stops supporting five different routes, the site is a prime location to support transit -oriented development. The trolley offers transit access to popular San Diego attractions including Old Town, Mission Valley, Fashion Valley, Peteo Park, and Qualcomm stadium. The close proximity to the trolley line makes it a convenient location for to access other parts of San Diego. Furthermore, the site is situated in the central business district and is within walking distance from retail, recreational and civic services. Any development at this site should enhance the creation of a walkable and transit -oriented neighborhood. Previous Development Proposals and Activity The Social Security Administration had expressed interest in the site for the construction of new office space in 2010 but no agreements were made. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests a value of $575,000 as of May 1, 2014. However, students with basic instruction in valuation theory created these value estimates. While believed to be credible, the conclusions are student opinions, not professional appraisals. The last professional appraisal was conducted in 2010 and the site was valued at $605,000. 31 Long Range Property Management Plan Lamb's Theatre Acquisition Value at Time Address APN # Date of Purchase Lot Size (SF) Zoning 500 Plaza Boulevard 556-560-39 5/26/2005 $903,000 16,990 MXD-2 Purpose for which property was acquired Purchased to redevelop blighted area in the central business district with a new or rehabilitated performing arts center. History/Background The property was originally built and used as a Christian Science Church building. A small non-profit theater production company, Lamb's Players Incorporated, purchased, renovated and used the facility as a venue for 119 productions from 1978-1994. The old arena - style theater accommodated a maximum occupancy of 172 people and its backstage rooms doubled as Lamb's Players administrative offices. On May 26 2005, National City purchased the Playhouse from Lamb's Players Incorporated. A due diligence report in February of 2006 estimated it would cost the CDC an additional $640,000 to bring the building up to code. Due to the high cost of rehabilitation, the property has remained vacant since 2005. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. However, the building was subjected to a code inspection in 2006 and was cited with multiple code violations, including the possibility of lead paint and asbestos. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A 32 Long Range Property Management Plan Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Major Mixed -Use District (MXD-2) zoning designation. Located less than one mile away from the 8th Street trolley station and within a four block radius of four bus stops supporting 6 different routes, the site is a good location to support transit -oriented development. The trolley offers transit access to popular San Diego attractions including Old Town, Mission Valley, Fashion Valley, Petco Park, and Qualcomm stadium. The close proximity to the trolley line makes it a convenient location to access other parts of San Diego. Furthermore, the site is situated near the central business district and is within walking distance from retail, recreational and civic services. Any development at this site should enhance the creation of a walkable and transit -oriented neighborhood. Previous Development Proposals and Activity Proposals to renovate by non -profits to keep the building operational have been made, yet improvements were deemed too costly. Renovation estimates ranged from $1,000,000 to $3,000,000. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Based upon a direct comparable sales of vacant land within the County of San Diego and the cost to remediate and clear the site would have no commercial value. The last professional appraisal was conducted in 2006 and the site was valued at approximately $900,000. 33 Long Range Property Management Plan ACE Metals Acquisition Value at Time of Address APN # Date Purchase Lot Size (SF) Zoning 720 W. 20th Street 559-118-02 3/13/2001 $1,104,000 55,321 MM - CZ Purpose for which property was acquired Purchased to redevelop blighted area with new commercial and industrial uses History/Background National City approved a General Plan in 1996 that included allowances for the Port District to develop a marina and expand recreational uses adjacent to Pepper Park. The Community Development Commission acquired the subject site and others in the immediate area to encourage tourist -oriented commercial development on the south side of Bay Marina Drive and light industrial uses to the north. In September of 2009 the National City adopted a vacation of the alley -way south of West 23rd Street and north of Bay Marina Drive to encourage development and implementation of the Harbor District Specific Plan. In October 1998 the CDC filed a complaint of eminent domain on the subject property. A judgment in favor of the CDC was made and after a payment in January 2001 the property was granted to the CDC. Shortly after the change in ownership, the buildings previously used by Ace Metals were demolished and the property was used for parking by automotive dealerships. Currently the subject site is vacant and awaiting redevelopment. History of environmental contamination or remediation efforts The subject site has undergone six environmental studies according to a report published in 2001. These studies include: two Phase I ESAs and four Phase Il ESAs. There were approximately 66 soil borings drilled and sampled including 10 soil vapor sample points. The areas/features of concern were a former above ground storage tank, a former underground storage tank, a former hydraulic baler, and elevated hydrocarbon concentration in surface soils. A Revised Property Mitigation Plan (RPMP), dated April 7, 2006, was prepared for the CDC. The RPMP described the excavation and disposal of soil at the property. 34 Long Range Property Management Plan Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has both the Medium Manufacturing (MM) and Coastal Zone Overlay (CZ) zoning designations. The 24th Street trolley station is approximately 0.5 miles from the subject property. The 24th street trolley station offers 156 free parking spaces with a north -south trolley line that runs seven days a week. The trolley offers transit access to popular San Diego attractions including Old Town, Mission Valley, Fashion Valley, Petco Park, and Qualcomm stadium. The close proximity to the trolley line makes it a convenient location to access other parts of San indicating the site has potential for transit -oriented development. Additionally, transit -oriented development would support the agency's planning objective of developing commercial and recreational uses by focusing on increased tourism. Previous Development Proposals and Activity The Community Development Commission was in negotiations with Marina Gateway Development Company to develop a commercial project on the subject site. The goal and strategy of development was to provide retail and tourism uses that would complement and support the existing industrial development and other new commercial developments in the vicinity. The subject property was being actively marketed until the disbanding of the redevelopment agency. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests'a value of $2,200,000 as of May 1, 2014. 35 Long Range Property Management Plan RC'P Acquisition Value at Time Address APN # Date of Purchase Lot Size (SF) Zoning No site address 562-321-08 10/3/1991 $738,000 58,370 CA - PD - CZ Purpose for which property was acquired Purchased to develop commercial automotive business. History/Background The Community Development Commission purchased the land from Allan and La Verne Olson in 1991. The land remains vacant with no prior history of development or improvement. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue Contractual requirements for use of income/revenue unknown at this time. Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Commercial Automotive (CA), Planned Development Overlay (PD), and Coastal Zone Overlay (CZ) zoning designations. The 24th Street trolley station is a mile from the subject property. The 24th street trolley station offers 156 free parking spaces with a north -south trolley line that runs seven days a week. The trolley offers transit access to popular San Diego attractions including Old Town, Mission Valley, Fashion Valley, Petco Park, and Qualcomm stadium. The close proximity to the trolley line makes it a convenient location for to access other parts of San Diego indicating the site has potential for transit -oriented development. Further, this property is right of highway 54 access, which would create convenient access. Additionally, 36 Long Range Property Management Plan transit -oriented development would support the agency's planning objective of developing commercial and recreational uses by focusing on increased tourism. Previous Development Proposals and Activity Utilization of the property for commercial auto purposes has been discussed and is the current use under the lease. An interested company had intended for the site to serve as access to a much larger parcel to the east. The recession interrupted plans for a retail center there. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property This parcel has the Commercial Automotive (CA), Planned Development Overlay (PD), and Coastal Zone Overlay (CZ) zoning designations. The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests a value of S1050,000 as of May 1, 2014. The last professional appraisal was conducted in October of 2006 and recommended a value of $760,000. 37 Long Range Property Management Plan Dav's Inn Address APN # Acquisition Date Value at Time of Purchase Lot Size (SF) Zoning 1640 E. Plaza Blvd 557 410 20 10/27/2005 $3,775,000 46,609 MXD 2 Purpose for which property was acquired Purchased to redevelop blighted area into a residential housing project. History/Background This property was a functioning hotel until it closed in the early 2000s, leaving a blighted and abandoned building. Under a put -option agreement with the CDC, National City Hotels acquired the property in 2004 from Rex Investments for $3,775,000 with the intent to develop mixed -use residential units with the assistance of government entitlements. When National City Hotels was unable to obtain the government entitlements and the adjacent vacant property, they exercised the put -option agreement with the CDC. The prices of these sales were based on valuations that included the value of an operable hotel. Numerous development proposals and agreements were entered into but none materialized in redevelopment. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Major Mixed -Use District (MXD-2) zoning designation. The property's zoning permits mixed -use and higher density suitable for transit -oriented development. The 38 Long Range Property Management Plan property is within walking distance of commercial and residential areas in addition to it being approximately 1.5 miles from the nearest trolley station. Furthermore, this property is close to several key components: major arterials that are to be widened in the near future, close proximity to a planned Bus Rapid Transit station, and a nearby bus line. Previous Development Proposals and Activity A Purchase and Sale Agreement between Palm Plaza Associates and the CDC was entered into in November of 2009 for a sale amount of $1,823,000 for the purpose on developing 72 for -sale residential units. The City Council of National City approved a Planned Development Pen -nit for a 72-unit condominium development on December 15, 2009 and the CDC authorized the Chainnan to execute the Purchase and Sale Agreement on January 15, 2010. The sale was contested by the owner of a Thrifty Gas Station contiguous to the Palm Plaza Associates property. Palm Plaza Associates sold their frontage on Plaza Blvd. to the owners of the Thrifty gas station in order to secure the deal with the CDC. However, the recession had greatly affected the appraised value of the property, which led to an amendment of the PSA in June of 2011 reflecting a new value of $690,000. Prior to the completion of the sale and beginning of construction redevelopment agencies were dissolved, which stopped the redevelopment of the site. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests a value of $790,000 as of May 1, 2014. The last professional appraisal was conducted in 2011 and the site was valued at $690,000. 39 Long Range Property Management Plan Roosevelt Lnt Acquisition Value at Time Address APN # Date of Purchase Lot Size (SF) Zoning 38 W. 11th St 555-114-01 12/21/2012 $155,000 4,791 6 Purpose for which property was acquired Purchased to redevelop blighted areas near the central business district with new commercial and/or residential uses. History/Background The CDC, the National City Parking Authority (Parking Authority), and ARE Holdings, LLC (ARE) entered into a Disposition and Development Agreement (DDA). ARE then filed a lawsuit against the CDC and the Parking Authority regarding obligations and covenants under the DDA. In response, the CDC and the Parking Authority filed a cross -complaint against ARE, which named Parking Company and PCAM, LLC (PCAM) as additional related cross -defendants. Therefore, this property was acquired as part of a settlement agreement between the Successor Agency and ARE and PCAM. This property was acquired as part of a settlement agreement between the Successor Agency and ARE. On the parcel is a housing structure that has been inhabitable by the City of National City. The estimated cost to demolish the condemned structure is under $10,000. History of environmental contamination or remediation efforts A Phase II Environmental Site Assessment conducted in 2006 identified the site as having 300- 600 cubic yards contaminated by pesticides and petroleum hydrocarbons. It is unknown whether any remediation was completed on the subject site. M Long Range Property Management Plan Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Downtown Specific Plan Development Zone 6 (6) zoning designation. The location and size of the site indicate there is an opportunity for transit related development. Previous Development Proposals and Activity No specific previous development proposals or activity exist for this site. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests a value of $55,000 as of May 1, 2014. The last professional appraisal was conducted in October of 2006 and recommended a value of $760,000. m Long Range Property Management Plan Roosevelt Parking Lot Acquisition Value at Time of Address APN # Date Purchase Lot Size (SF) Zoning No Site Address 555-114-04 12/21/2012 $83,616 2,613 6 Purpose for which property was acquired Purchased to redevelop blighted areas near the central business district with new commercial and/or residential uses. History/Background The CDC, the National City Parking Authority (Parking Authority), and ARE Holdings, LLC (ARE) entered into a Disposition and Development Agreement (DDA). ARE then filed a lawsuit against the CDC and the Parking Authority regarding obligations and covenants under the DDA. In response, the CDC and the Parking Authority filed a cross -complaint against ARE, which named Parking Company and PCAM, LLC (PCAM) as additional related cross -defendants. Therefore, this property was acquired as part of a settlement agreement between the Successor Agency, ARE, and PCAM. History of environmental contamination or remediation efforts A Phase II conducted in 2006 identified the site as having no environmental contamination. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Downtown Specific Plan Development Zone 6 (6) zoning designation. The location and size of the site indicate there is very little opportunity for transit related development. 42 Long Range Property Management Plan Previous Development Proposals and Activity No previous development proposals or activity exist for this site. Identify the use of disposition strategy for the property a. Retained for governmental use h. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The property will be transferred to and retained by the City of National City for future development. Furthermore, the City will enter into an agreement(s) with the affected taxing entities prior to disposition of the property by the City. The agreement(s) will specify that any unrestricted proceeds from sales of the parcels will be distributed to all of the affected taxing entities on a pro rata basis in proportion to each entity's respective share of the property tax base. The calculation of net unrestricted proceeds shall take into account the transaction costs incurred by the City in marketing the property and processing the sale or lease, as well as the costs incurred by the City in carrying or maintaining the property and in preparing and improving the site for development. Estimate of current value of parcel including any appraisal information Direct comparison with sales of similar land suggests a value of $86,238 as of May 1, 2014. 43 Long Range Property Management Plan Acquisition Value at Time Address APN # Date of Purchase Lot Size (SF) Zoning 45 E. 12th St, #401 556-554-22-43 6/16/2011 $195,000 901 5B Purpose for which property was acquired Under the terms of a Disposition and Development Agreement, the developers, Constellation Property Group, was to provide the CDC a condominium unit and two parking spaces. In return, the CDC loaned about $2.5 million to Constellation in order to finance the Centro development. History/Background Under a Disposition and Development Agreement between the CDC and Constellation Property Group, the CDC transferred the property to an affiliate of Constellation. Further, the DDA dictated that in return for the property, the CDC would receive one condominium unit, a trolley transit center, and street improvements. History of environmental contamination or remediation efforts There is no known environmental contamination at the site. Estimate of Lease/Rental/Other N/A Contractual Requirements for Use of Income/Revenue N/A Description of the property's potential for transit -oriented development and the advancement of the planning objectives of the Successor Agency This parcel has the Downtown Specific Plan Development Zone 5B (513) zoning designation. This site is at an adequate location for transit -oriented development. It is located less than a half - mile away from the 8"' Street trolley station and within a four block radius of four bus stops. In addition, the site is situated near the downtown business area, which is close to local restaurants, hotels, and major freeway access. This development enhances the walkability and transit- 44 Long Range Property Management Plan oriented neighborhood for the City. Previous Development Proposals and Activity No development proposals have been made. Identify the use of disposition strategy for the property a. Retained for governmental use b. Retained for future development c. Retained to fulfill an enforceable obligation d. Sell the property Outline your disposition strategy for this property The Successor Agency intends to sell the property pursuant to a solicitation process approved by the Oversight Board. The property will be sold for fair market value. All sales shall be approved or rejected by the Oversight Board. The net proceeds from the sale will be distributed as property tax to each taxing entity in an amount proportionate to its share of property tax revenues. Estimate of current value of parcel including any appraisal information Based upon an appraisal by the Arens Group, Inc. dated September 6, 2011, the estimated value for this property is $195,000. 45 Passed and adopted by the Successor Agency to the Community Development Commission as the Redevelopment Agency of the City of National City, California, on October 21, 2014 by the following vote, to -wit: Ayes: Boardmembers Cano, Morrison, Natividad, Sotelo-Solis. Nays: None. Absent: Boardmember Rios. Abstain: None. AUTHENTICATED BY: RON MORRISON Chairman of the Successor Agency to the Community Development Commission as the Redevelopment Agency of the City of National City, California e39 gx'41'y J4,& City Clerk Servio as Secretary to the Successor Agency Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2014-53 of the Successor Agency to the Community Development Commission as the Redevelopment Agency of the City of National City, California, passed and adopted on October 21, 2014. City Clerk Serving as Secretary to the Successor Agency By: Deputy