Title
Recommendation to Authorize the Interim City Manager to Execute a Purchase and Sale Agreement for a Net Sales Price of $261,000 with an Additional $409,525 Infrastructure Investment for the Vacant Parcel at 2350 Fifth Street; and [SACIC]
Introduction of Ordinance Amending the Alameda Municipal Code by Amending Section 30 to Rezone Property at 2350 Fifth Street to Administrative Professional Zoning District. [City Council] (Community Development 209) [Not heard on January 2, 2019]
Body
To: Honorable Chair and Member of the Successor Agency to the Community Improvement Commission
Honorable Mayor and Members of the City Council
From: David L. Rudat, Interim City Manager
EXECUTIVE SUMMARY
The $670,525 Purchase and Sale Agreement for 2350 Fifth Street includes a negotiated sales price of $261,000 plus the required $409,525 infrastructure investment. Because the parcel has no utilities, the Buyer must install the utilities in order to have a developable parcel. In addition, the property must be rezoned from Mixed Use (MX) to Administrative Professional (AP) to allow the proposed 7,000 square foot office building to go forward without a requirement to prepare a Master Plan for a 35,719 square foot parcel (0.82 acres).
BACKGROUND
In February 2012, redevelopment agencies throughout the State were dissolved and successor agencies were established and charged with unwinding the affairs of their respective redevelopment agencies. The City's Community Improvement Commission (CIC) was dissolved and succeeded by the Successor Agency to the CIC (Successor Agency).
Oversight Boards were created to oversee the activities of successor agencies. Effective July 1, 2018, all city oversight boards were disbanded and one oversight board per county was established to serve the oversight board function for local jurisdictions.
The Successor Agency prepared and submitted, with Oversight Board approval, a Long Range Property Management Plan (LRPMP) to the State Dep...
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