Laserfiche WebLink
9.B. - Page 1 <br /> REPORT <br /> To the Honorable Mayor and City Council <br /> From the City Manager <br /> January 13, 2014 <br /> SUBJECT <br /> Update on Procedures for Disposition of City -Owned Properties <br /> RECOMMENDATION <br /> Accept this report on the status of issues associated with the potential disposition of <br /> City -owned property and provide direction as it relates to developing a Surplus Property <br /> Ordinance. <br /> BACKGROUND <br /> Because the real estate market is so active in Redwood City, City land is drawing the <br /> attention of the development community. Properties of great interest to developers <br /> include the Corporation Yard, Main Street parking lot, and land located along Jefferson <br /> Street. This report summarizes evaluation process that the City staff makes pursuant to <br /> the 2012 Council adopted policy on Real Property Acquisition and Disposal (attached) <br /> and explains the necessity for evaluating surplus property in terms of the policy's stated <br /> goal of advancing City plans and polices as they relate to economic development, <br /> housing needs, the General Plan and other initiatives as the City Council may set forth.. <br /> For any contemplated property disposal, the City Manager assembles a team to <br /> evaluate a site dependent in part on the property's general category type (public facility, <br /> remnant, complex, or development site) in order to recommend to the City Council a <br /> process for disposition (request for proposal, exclusive negotiation, broker, competitive <br /> bid, for example). For properties that are considered for sale, the team assesses <br /> various factors such as the City's fiscal goals, long -term interests property use, whether <br /> it is already developed, and limiting factors such as conditions attached to the property. <br /> In order to make that evaluation, the team makes preliminary investigation of value, and <br /> obtains a preliminary title report. In addition, general law and the City's Real Property <br /> Acquisition and Disposal Policy also require the City to consider whether property is <br /> surplus under the State's Surplus Land Act. Property that is surplus must be offered to a <br /> defined list of entities before being offered for sale. <br /> ANALYSIS <br /> California's Surplus Land Act sets forth a process by which a municipality can sell <br /> surplus property and applies to general law cities and charter cities like Redwood City. <br /> (Cal. Gov't Code 54220, et. seq.) Before December 31 of each year, a local agency <br /> must inventory its lands including air rights that are in excess of its foreseeable needs. <br /> Before placing on the open market, surplus property must be first offered for low and <br />