OB 16-08 - Laserfiche WebLink

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Estimated Value- No assessed value is available and there is no estimate of value due to the public ownership of the property. Rental Revenues- Rental revenues are derived from rental of the license area for outdoor restaurant seating. The license agreement is monthly.The total annual rent from the license is $6,000.The cost to maintain the area exceeds the annual rental revenue. Potential for Transit Oriented Development_-The property interest is a leasehold interest in property owned by the U.S. Postal service for a public facility and has no TOD development potential. PART TWO - PROPERTY DISPOSITION This section is prepared pursuant to Health&Safety Code Section 34191.5 (c) (2) of the Redevelopment Dissolution Statutes.The information required for Part 2 of the plan includes information about the intended disposition of the properties. Permissible uses include: retention of property for governmental use; retention of property for future development; sale of the property;and use of the property to fulfill an enforceable obligation.This LRPMP proposes the conveyance of all property interests currently held by the Successor Agency to the City of Redwood City for continued governmental use,as all of the properties were acquired for public purposes,are currently in public use,and will continue to be used for such purposes. ��b�-a��y ��°�i��; �z��:�� Pursuant to Health and Safety Code Section 34181 (a) (1) the Oversight Board may direct the transfer of public facilities (including parking lots dedicated solely to public parking) to the local jurisdiction. Parking lots are considered to be dedicated to public parking if the revenues from the use do not exceed the maintenance costs for the facility.As described above,the multi-year expenses for the Library parking lot exceed revenues thereby establishing this parking lot as a public facility. Consistent with the statute,the parcel will be transferred from the Successor Agency to the City for long-term ownership as a public parking facility. �ulvert Parcels 1. Parcel 053-182-030 -The entire parcel was acquired for a public flood control facility and is currently in use for culvert operation.The parcel is not developable as it is primarily used for the creek culvert and access to the culvert for maintenance.Since the parcel was acquired for the construction of a public facility that continues in operation,the parcel will be transferred from the Successor Agency to the City for long-term ownership as a creek culvert and neighborhood park/community garden. 2. Parcel 053-147-040 -The entire parcel was acquired for a public flood control facility. Ninety percent of the parcel is encumbered by an easement for the creek culvert.There are no developable portions of the property and it must remain in public use. 5-4-16 14