REPORT TO THE CITY COUNCIL
December 6, 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 approximately ?3.39 acres of vacant land at the intersection of Ventura Avenue and South 7th Street (APN 470-052-01T, 470-052-02T, 470-052-03T) to MM Shirin Properties, LLC.:
1. Adopt a finding of Categorical Exemption pursuant to Section 15301/Class 1, Section 15312/Class 12, and Section 15332/Class 32 of the California Environmental Quality Act (CEQA) Guidelines.
2. Approve the Disposition and Development Agreement with MM Shirin Properties, LLC for the sale of approximately ?3.39 acres of vacant land at the intersection of Ventura Avenue and South 7th Street (APN 470-052-01T, 470-052-02T, 470-052-03T) to MM Shirin Properties, LLC for $575,000 (District 5)
Body
RECOMMENDATION
Staff recommends the Council adopt a finding of Categorical Exemption pursuant to CEQA Guidelines Sections 15301/Class 1, 15312/Class 12, and 15332/Class 32; approve the Disposition and Development Agreement (DDA) with MM Shirin Properties, LLC. (Buyer) for the sale of vacant land located at the intersection of Ventura Avenue and South 7th Street (Property), which includes APN 470-052-01T, 470-052-02T, and 470-052-03T for $575,000; and authorize a) the City Manager, or her designee, to sign all documents necessary to complete the transaction for APN 470-052-02T and 470-052-03T; and b) the Executive Director of the City of Fresno in its capacity as Housing Successor to the Redevelopment Agency of the City of Fresno (Housing Successor) to sign all documents necessary to complete the transaction for APN 470-052-01T.
EXECUTIVE SUMMARY
The Asset Management Act establishes the organization and parameters for citywide assets managed by a selected real estate brokerage firm based on a competitive process. The purpose of the ...
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