Title
Update on the Long Range Property Management Plan (LRPMP). (Community Development 70272)
Body
To: Honorable Chair and Members of the Successor Agency to the Community Improvement Commission
Honorable Mayor and Members of the City Council
From: John A. Russo, City Manager
Re: Update on the Long Range Property Management Plan
BACKGROUND
On February 1, 2012, all redevelopment agencies in the State of California were dissolved pursuant to AB X1 26. Successor agencies were created to wind down former agency operations, oversee the dissolution process, and meet regular reporting requirements. Additional legislation, AB 1484, went into effect on June 27, 2012, and made technical and substantive changes to AB X1 26.
AB 1484 requires that successor agencies, within six months of receiving a Finding of Completion from the State Department of Finance (DOF), prepare and submit for approval to the Oversight Board and DOF, a Long Range Property Management Plan (LRPMP) that addresses the disposition and use of real property owned by the former redevelopment agency. The Successor Agency received its Finding of Completion on May 24, 2013.
On October 15, 2013, the Successor Agency to the Community Improvement Commission of the City of Alameda (Successor Agency) recommended that the Oversight Board approve the LRPMP. The Oversight Board approved the Plan on November 5, 2013, and submitted the Plan to DOF.
This staff report provides an update on the LRPMP. No action is required.
DISCUSSION
The LRPMP identified two properties, Alameda Landing and a .8-acre remnant parcel adjacent to the College of Alameda and 5th Street, south of Stargell Avenue, for disposition and future use. The LRPMP identified Alameda Landing as a property to be retained to fulfill an enforceable obligation pursuant to a third party agreement and proposed the sale of the remnant parcel with proceeds from the sale disbursed to the taxing entities.
DOF initi...
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