REPORT TO THE CITY COUNCIL
November 2, 2017
FROM: WILMA QUAN-SCHECTER, City Manager
Office of the Mayor & City Manager
BY: LAURA GLORIA, Business Manager
Office of the Mayor & City Manager
SUBJECT
Title
Actions pertaining to sale of approximately 0.41 acres of land at 1929 E. Church Avenue to Pavl Zachary:
1. Adopt a finding of Categorical Exemption pursuant to Section 15301/Class 1 (existing facility) of the CEQA Guidelines.
2. Approve the sale of approximately 0.41 acres of land at 1929 E Church Avenue to Pavl Zachary for $61,000.
Body
RECOMMENDATION
Staff recommends the Council authorize the sale of property located on the northeast corner of E Church and South Holly Avenues in Fresno, California, APN 478-262-03T to Buyer, for $61,000 and authorize the City Manager, or her designee, to sign all documents necessary to complete the transaction.
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 Act is to provide an independent, objective analysis of City assets. The City Manager's Office works directly with the Asset Managers to negotiate competitive leases, identify potential tenants, market properties, analyze and compare offers, and optimize opportunities. As such, 1929 E Church Avenue was identified as surplus land; the City met all the requirements of the Surplus Land Act and subsequently proceeded to market the property for sale.
BACKGROUND
Pursuant to the Asset Management Act, the City entered into an agreement in March of 2015 with Cushman & Wakefield/Pacific Commercial Realty Advisors for professional real estate management services. The Asset Managers compiled City data, interviewed department heads and City staff, and reviewed other pertinent information in order to prepare a Strategic Real Estate Plan for the City that was presented to Council and involved recommend...
Click here for full text