Agda Pkt 2025.12.22 Joint SA PFA

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Page 2 of 4 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org STRATEGIC PLAN GUIDING PRINCIPLE Public Safety BACKGROUND The subject property is located on the corner of Maple and Lathrop Streets and is identified as Assessor Parcel Number 053-182-030 (the Property). The City seeks to acquire the Property in order to maintain wastewater1 infrastructure and/or facilitate the development of an outdoor recreational space, or for another governmental use to be determined later by the City. The Property is approximately 10,973 square feet in total area, is irregularly shaped, and has an approximate 32-foot-wide stormdrain improvement and appurtenant encumbrance near its southern end that reduces its overall usable area to approximately 4,400 square feet. The Property is currently owned by the Successor Agency to the Redwood City Redevelopment Agency (Successor Agency). The Successor Agency was created in 2012 to administer enforceable obligations and wind down the affairs of the former Redwood City Redevelopment Agency (Former Agency). Pursuant to the requirements of the dissolution legislation, known as the Dissolution Law, the Successor Agency must dispose of all non-housing properties of the Former Agency in an expeditious manner aimed at maximizing value. Under the Dissolution Law, a successor agency’s actions, including the sale of the property, are subject to review by an oversight board. Currently, this Successor Agency’s oversight board is the San Mateo County Countywide Oversight Board (Oversight Board). As of January 1, 2020, Assembly Bill (AB) 1486, more commonly referred to as the Surplus Land Act (SLA), requires that successor agencies follow surplus land disposition procedures for properties that were not previously subject to an existing contract. Such procedures include declaring the property as “surplus” or “exempt surplus” as defined in the SLA. The California Department of Housing and Community Development (HCD) oversees and enforces SLA requirements. The Successor Agency determined that the property is “exempt surplus” pursuant to Government Code Section 54221(f)(1)(B) given that the Property is less than one-half acre in area and is not contiguous to land owned by a state or local agency that is used for open-space or affordable housing purposes. On June 13, 2024, the Successor Agency published a notice for a 30-day comment period and emailed the notice to housing providers and other public entities, as required by SLA. On August 13, 2024, HCD issued a determination letter finding that the Property qualifies as exempt surplus land. As a result, the Successor Agency is exempt from following additional surplus land procedures and may proceed with disposition to the City. Accordingly, staff recommends that the Successor Agency adopt the resolution approving the Purchase and Sale Agreement, and authorize the Successor Agency Executive Director or their authorized designee to submit the Purchase and Sale Agreement to the Oversight Board for review and approval, and after the Oversight Board’s approval to send a copy of the Purchase and Sale Agreement and Oversight Board resolution to the California Department of Finance (DOF) for review and approval as required by the Dissolution Law. 1 There is an existing sewer line running beneath the Main Street Bridge. Acquiring the Property will greatly improve the City’s ability to access the line for emergency repairs or future replacement. 8.K. - Page 2 of 105 252