REPORT TO THE CITY COUNCIL AND THE
SUCCESSOR AGENCY TO THE REDEVELOPMENT
AGENCY OF THE CITY OF FRESNO
November 3, 2016
TO : President Paul Caprioglio and Members of the Fresno City Council and the
Successor Agency to the Redevelopment Agency
FROM: OLIVER L. BAINES III,
Member of the Fresno City Council,
Representing District Three
Chair, Successor Agency to the Redevelopment Agency
SUBJECT
Title
RESOLUTION -Regarding the disposition of property of approximately 1.38 acres at 1911 Merced
and 1900 Tuolumne Street (APN(s) 466-206-50T and 466-206-51T) (Council District 3)
(Successor Agency action only)
Body
RECOMMENDATION
It is recommended that the Successor Agency approve a Resolution regarding the Disposition of Property of approximately 1.38 acres at 1911 Merced and 1900 Tuolumne Street (APN(s) 466-206-50T and 466-206-51T)
EXECUTIVE SUMMARY
The recommended Resolution adopts an approval of the Oversight Board's sale of the above referenced parcels (commonly referred to as Parking Lot 2) to Tutelian & Co., Inc., and requests that the Oversight Board consider and approve such sale at its next meeting.
BACKGROUND
Under the Dissolution Act of the former Redevelopment Agency, the Successor Agency prepared a Long-Range Property Management Plan (LRPMP), which addresses the disposition and use of the real properties of the former Redevelopment Agency. The plan was adopted by the Oversight Board on July 7, 2014 and was approved by Department of Finance on December 16, 2015. The LRPMP proposes disposition of Parking Lot 2 through an RFP or Auction process. Based on its adopted Property Disposition Guidelines (PDG) and its prior sale approvals, the Oversight Board has considered sales of parcels through Open Market Solicitations as satisfying the LRPMP requirements.
Parking Lot 2 currently supports parking for significant tenants of the Grand 1401 Building (the historic former PG&E building owned by Tutelian & Co., Inc., and i...
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