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Home My WebLink About5980 RESOLUTION NO. 5980 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARCADIA APPROVING A CERTAIN SALE OF LAND BY THE ARCADIA REDEVELOPMENT AGENCY TO THE CITY OF ARCADIA. WHEREAS, the Arcadia Redevelopment Agency (the "Agency") and the City Council of the City of Arcadia (the "City") have by duly adopted ordinance approved the Redevelopment Plan (the "Redevelopment Plan") for the Central Project Area (the "Project"); and WHEREAS, in order to implement the Redevelopment Plan, the Agency proposes to sell pursuant to the terms and conditions set forth in that certain Disposition Report (the "Report"), attached hereto as Exhibit "A", certain real property as described in the Report (the "Property"); and WHEREAS, the Agency has caused the preparation of, and the City Council has reviewed and considered the Report, setting forth the terms and conditions of the land sale for both the City and Agency, and has made the Report available for public inspection, all in accordance with Health and Safety Code Section 33433; and WHEREAS, pursuant to provisions of the Health and Safety Code 33431 and 33433, the Agency and the City Council of the City of Arcadia have held a duly noticed Joint Public Hearing on the proposed sale of the Property; and 1 WHEREAS, this proposed sale of land is Categorically Exempt from the provisions of the California Environmental Quality Act (as amended), pursuant to Section 15312 of the California State Environmental Guidelines; and WHEREAS, the City Council has considered all terms of the proposed sale and has determined that the proposed sale of the Property pursuant to the Report is in the best interests of the City and its residents and is in accord with the purposes and provisions of applicable State and local law and the Redevelopment Plan. NOW, THEREFORE, THE ARCADIA CITY COUNCil OF THE CITY OF ARCADIA, CALIFORNIA, DOES HEREBY RESOLVE AS FOllOWS: SECTION 1. That the Report attached hereto as Exhibit. A. is hereby accepted and approved. SECTION 2. That the consideration for the sale of the Site pursuant to the Report is determined to be fair market value. SECTION 3. That pursuant to Exhibit uA", approval of the sale will assist in the elimination of blight in the Central Redevelopment Project Area. SECTION 4. That approval of the sale is consistent with Agency goals as discussed in the Agency's Five Year Implementation Plan adopted by Resolution No. ARA-175 on December 20, 1994. SECTION 5. That the sale and eventual development of the Property is consistent with the Redevelopment Plan. 2 5980 SECTION 6. That the City Clerk of the City of Arcadia is hereby authorized and directed to certify to the adoption of this Resolution SECTION 7. This Resolution shall take effect upon adoption. Passed, approved and adopted this 18th day of February, 1997. ~r::c!?:ft~ ATTEST: J Ci ia APPROVED AS TO FORM: (Yhrhw J]. nwJffjZ~ City Attorney 3 5980 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS: CITY OF ARCADIA ) I, JUNE D. ALFORD, City Clerk of the City of Arcadia, hereby certify that the foregoing Resolution No. 5980 was passed and adopted by the City Council of the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular meeting of said Council held on the 18th day of February, 1997, and that said Resolution was adopted by the following vote, to wit: AYES: Councilmember Chang, Harbicht, Kovacic, Young and Kuhn NOES: None ABSENT: None ~,..,-/,J ~~ lerk of the of Arcadia mUl2.res 4 5980 TRANSIT STATION PROJECT DISPOSITION REPORT Ths following Disposition Report is prepared pursuant to Health and Safety Code Section 33433 and serves to describe the terms of a proposed land sale between the Arcadia Redevelopment Agency ("Agency") and the City of Arcadia ("City"). . 1. GENERAL PROJECT DESCRIPTION The Agency proposes to sell the Agency owned property located at 233 N. First Avenue, A.P.N. 5773-006-909 (Location Map, Exhibit Al to the City. In September, 1996, the site was appraised by Hjelmstrom and Associates. Hjelmstrom determined a fair market value of $162,000 ($16.50/ Sq. Ft.). The proposed disposition price represents the fair market value of the property. The property is 9,820 square feet in size and is currently developed with parking lot improvements in poor condition. The City is assembling land for use as a future mass transit station. 2. COSTS TO THE AGENCY Costs to Date: Land Acquisition (1992) Site Studies (environmental phase I, appraisals, title) Legal Services Sub Total $ 225,000 7.475 3,565 $ 236,040 Anticipated/Future Costs: Sub Total $ 3,000 3,500 1,000 $ 7,500 $ 243.540 Legal Title Misc. TOTAL ESTIMATED PROJECT COST 3. FUTURE REVENUE Any revenue generated through the eventual development of this (and adjacent) property(ies) will only occur indirectly. The City will not benefit by increased sales tax revenue, utility users taxss, business license fees, or building/plan check fees from the site itself. The Agency will not receive tax increment as the property will remain exempt EXHIBIT "A" 5980 from property taxes. However, an unquantified amount of increased economic activity can be anticipated as a result of increased traffic in the area once the transit station is completed. 4. ADDRESSING BLIGHT Page 15 of the Agency's Five Year Implementation Plan, Fiscal Years 1994/95 through 1998/99 (adopted on December 20, 1995 by Resolution No. ARA-175) identifies several blighting conditions (s.g., relieving lot size and configuration shortcomings, resolving land uses on vacant and underutilized properties, resolving incompatible land subdlvisionpatternsl which will be addressed by completion of this proposed development. This report Is on file and available for review in the Economic Development Division Offices. At this time, the only proposed action is the sale of property from the Agency to the City. The specific details of the transit station development (site plan, development schedule, environmental impact and totalcostl are unknown. The Agency has already taken action to alleviate blight by acquiring the property and maintaining the parking lot in a manner consistent with the City's standards for publicly owned land. Prior to Agency ownership, the property was owned by an absentee landlord who did not devote time and expense to property upkeep after the severe earthquake damage to .and ultimate removal of the Acapulco Restaurant across First Avenue. Through the sale and ultimate development of this property as part of a transit station, the Agency's goal of eliminating blight on the site and in the downtown will be fulfilled. The property currently contributes only in a limited way to the area's parking supply when the lot is open. The sale (and eventually the development) should act as a catalyst for future private development throughout the downtown. 5. PROJECT BENEFITS This sale serves the purpose of meeting a number of goals as outlined in the Redevelopment Plan for the Central Redsvelopment Project as well as the Five Year Implementation Plan. These goals and benefits include: A. Creation of an unknown number of temporary construction jobs during construction of the transit station B. Once developed as a transit station, the physical appearance of this portion of the Project Area will be improved through the elimination of blighting influences which currently exist. The area will be made more attractive, and the image and reputation of both the downtown and City improved. 5980 C. New development will be encouraged in the area as a result of this project. Additional potential businesses and shoppers will come to the Downtown. D. It will eliminate incompatible and irregular lot subdivisions by consolidating ownership under a single entity. E. . The ultimate development of a transit station at this site will improve both local and regional transportation and circulation. F. If the L.A.C.M.T.A. should abandon their current plans for an extension of the Blue Line or an alternate mass transit system along the adjacent rail line, the final disposition of the vacant and underutilized properties will be resolved in a manner consistent with the Redevelopment Plan. di8l'ptl.mta 5980