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ENT 0,. <br />w IIII n <br />o � <br />�c DEPARTMENT OF <br />�'4/FC0.NP F I N A N C E <br />August 12, 2016 <br />7. Property Disposition <br />Attachment 1 <br />EDMUND G. BROWN JR. • GOVERNOR <br />915 L 8TRCET 0 5ACRAMENTC CA ■ 9 43 6 ZWWW.00 F.CA.GpV <br />Ms. Starla Jerome -Robinson, Interim Finance Director <br />City of Redwood City <br />1017 Middlefield Road <br />Redwood City, CA 94063 <br />Dear Ms. Jerome -Robinson: <br />Subject: Oversight Board Action Determinations <br />The City of Redwood City Successor Agency (Agency) notified the California Department of <br />Finance (Finance) of its May 12, 2016 Oversight Board (OB) Resolutions on May 17, 2016. <br />Pursuant to Health and Safety Code (HSC) section 34179 (h), Finance has completed its review <br />of the OB actions. <br />Based on our review and application of the law, Finance has made the following determinations: <br />OB Resolution Nos. 16-04 and 16-06 <br />These OB Resolutions approving the transfer of the Library parking lot and easement interest of <br />the Courthouse Square to the City of Redwood City (City) as governmental use, are approved. <br />HSC section 34181 (a) (1) gives the OB the authority to direct the Agency to transfer ownership <br />of those assets that were constructed and used for a government purpose, such as roads, <br />school buildings, parks, police and fire stations, libraries, and parking facilities and lots <br />dedicated solely to public parking. Finance concurs that the parking lot located at 1012 Main <br />Street and Courthouse Square located at 2200 Broadway Street (Assessor's Parcel Numbers <br />(APN) 053-137-010 and 052-367-010, respectively) meet the definition of a government <br />purpose asset and therefore are eligible for transfer to the City. <br />Finance notes the OB action incorrectly referenced 054-137-010 as the APN for the Library <br />parking lot; however, the correct APN is 053-137-010. <br />OB Resolution No. 16-05 <br />This OB Resolution approving the transfer of the culvert parcels to the City as governmental <br />use, is partially approved. <br />Finance concurs that the creek culvert parcel located at the corner of Maple Street and Elm <br />Street (APN 053-147-040) meets the definition of a government purpose asset and is therefore <br />eligible for transfer to the City. However, the parcel located at the intersection of Lathrop Street <br />and Maple Street (APN 053-147-030) is currently used as restricted parking by the car <br />dealership employees with a `no public parking sign' and as a community open space on <br />