REPORT TO THE CITY COUNCIL
October 11, 2018
FROM: WILMA QUAN-SCHECTER, City Manager
Office of the Mayor & City Manager
BY: LAURA GLORIA, Deputy City Manager
Office of the Mayor & City Manager
SUBJECT
Title
Actions pertaining to the sale of APN 467-040-20ST & 467-040-22ST consisting of approximately a 216,493 square foot surface parking lot located on H Street between Kern and Mono to Fresno Sports & Events Partners LLC:
1. Adopt a finding of Categorical Exemption pursuant to Section 15301/Class 1 of the California Environmental Quality Act (CEQA) Guidelines
2. Approve the Purchase and Sale Agreement for approximately a 216,493 square foot surface parking lot located on H Street between Kern and Mono to Fresno Sports & Events Partners LLC for $1,900,000 (District 3)
Body
RECOMMENDATIONS
Staff recommends that the City Council adopt a finding of Categorical Exemption pursuant to Section 15301/Class 1 of the California Environmental Quality Act (CEQA) Guidelines and approve the Purchase and Sale Agreement (PSA) for approximately a 216,493 square foot surface parking lot located on H Street between Kern and Mono to Fresno Sports & Events Partners LLC for $1,900,000.
EXECUTIVE SUMMARY
The City of Fresno (City) owns property located on H Street between Kern and Mono consisting of a paved parking lot (Property). The Property is primarily used for event parking at Chukchansi Stadium, including but not limited to Fresno Grizzlies games. The City received a letter of interest to purchase the property from Fresno Sports & Events Partners LLC (Buyer); an affiliate company of Fresno Sports & Events LLC who currently owns the Fresno Grizzlies team and manages Chukchansi Stadium through a sublease agreement with the City. The City subsequently engaged its Asset Managers in the negotiations with the Buyer and proposes to sell the Property for $1,900,000. The PSA sets the terms for the sale including various First Right of Refusal options for the City to ...
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