Agda Pkt 2025.12.22 Joint SA PFA

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Page 1 of 4 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org STAFF REPORT To the Honorable Mayor and City Council From the City Manager To the Honorable Chair and Successor Agency Board From the Executive Director DATE: December 22, 2025 SUBJECT Purchase and Sale Agreement for Assessor’s Parcel Number 053-182-030 between the City of Redwood City from the Successor Agency to the Redwood City Redevelopment Agency SUMMARY The City of Redwood City and the Successor Agency to the Redwood City Redevelopment Agency seek to transfer a parcel located at Maple and Lathrop Streets (APN 053-182-030) from the Successor Agency to the City for $900,000 in order to maintain existing stormwater and wastewater infrastructure and to preserve the site for potential future public use, including outdoor recreation or other municipal purposes. The 10,973-square-foot property includes significant storm drain improvements that limits the developable area but supports ongoing utility needs. The Successor Agency is required by state law governing Redevelopment Agency dissolution to dispose of non-housing assets and has completed all steps necessary under the Surplus Land Act, including securing a determination from the California Department of Housing and Community Development that the parcel qualifies as exempt surplus land. RECOMMENDATION 1. Adopt a resolution of the Successor Agency Board of the Successor Agency to the Redwood City Redevelopment Agency approving a Purchase and Sale Agreement between the City of Redwood City, as Buyer, and Successor Agency to the Redwood City Redevelopment Agency, as Seller, for the sale of real property identified as Assessor's Parcel Number 053-182-030 in the amount of $900,000; and 2. Adopt a resolution of the City Council of the City of Redwood City approving a Purchase and Sale Agreement between the City of Redwood City, as Buyer, and Successor Agency to the Redwood City Redevelopment Agency, as Seller, for the purchase of real property identified as Assessor's Parcel Number 053-182-030 in the amount of $900,000. 8.K. - Page 1 of 105 251