Loading...
HomeMy WebLinkAboutResolution No. 2015-R25RESOLUTION NO. 2015-R25 RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING AND ADOPTING A LONG- RANGE PROPERTY MANAGEMENT PLAN PURSUANT TO HEALTH AND SAFETY CODE SECTION 34191.5 WHEREAS, pursuant to Health and Safety Code Section 34173(d), the City of Azusa elected to serve as the successor agency ("Successor Agency") to the Redevelopment Agency of the City of Azusa ("Successor Agency"); and WHEREAS, following receipt of a Finding of Completion by the California Department of Finance ("DOE") on May 31, 2013, Health and Safety Code Section 34191.5(b) requires the Successor Agency to prepare a long-range property management plan ("LRPMP") that addresses the disposition and use of the real properties of the Redevelopment Agency, and that must be submitted to the Oversight Board for the Successor Agency ("Oversight Board") and DOF for approval; and WHEREAS, staff of the Successor Agency has prepared a LRPMP that addresses the disposition and use of the properties of the former Redevelopment Agency and contains all the information required under Health and Safety Code Section 34191.5, a copy of which is attached hereto as Exhibit A; and / WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Recitals set forth above are true and correct and are incorporated into this Resolution by this reference. Section 2. CEOA Compliance. The approval of the LRPMP through this Resolution does not commit the Successor Agency to any action that may have a significant effect on the environment. As a result, such action does not constitute a project subject to the requirements of the California Environmental Quality Act. The City Clerk is authorized and directed to file a Notice of Exemption with the appropriate official of the County of Los Angeles, California, within five (5) days following the date of adoption of this Resolution. Section 3. Approval of LRPMP. The Successor Agency hereby approves the LRPMP, in substantially the form attached to this Resolution as Exhibit A. Section 4. Further Acts. Pursuant to Health and Safety Code Section 341800), the staff of the Successor Agency is hereby authorized and directed to take any action necessary to carry out the purposes of this Resolution and comply with applicable law regarding the LRPMP , including without limitation submittal of the LRPMP to the Oversight Board, the County, Administrative Officer, the County Auditor -Controller, and DOE. Section 5. Implementation of LRPMP. In accordance with Health and Safety Code Section 34191.4(a), the City Manager, on behalf of the Successor Agency, is hereby authorized and directed to take any action necessary to implement the LRPMP including, without limitation, facilitating the transfer of the listed properties, and remitting the proceeds of the sale of the listed properties, net of any reasonable escrow and third party fees related to or arising from the disposition or transfer of the properties, to the County Auditor -Controller for distribution to the affected taxing entities. Section 6. Severability. If any provision of this Resolution or the application of any such provision to any, person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution that can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The Successor Agency declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion of this Resolution. Section 7. Effective Date. This Resolution shall become effective immediately upon its adoption. PASSED APPROVED and ADOPTED at a regular meeting of the Successor Agency to the former Redevelopment Agency of the City of Azusa on the 2"d day of November, 2015. oseph Romero Rocha Chairman ATTEST: CERTIFICATION I, Jeffrey Lawrence Cornejo Jr., City Clerk of the City of Azusa, do hereby certify that Resolution No. 2015-R25 was duly adopted by the City Council of the City of Azusa, serving as the Successor Agency to the Former Redevelopment Agency, at a regular meeting held on the 2" day of November 2015, by the following vote of the Agency: AYES: AGENCY MEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA NOES: AGENCY MEMBERS: NONE ABSENT: AGENCY MEMBERS: NONE WRI �_ /,r-/ I APPROVED AS TO FORM: Best Best & Krieger, LIP Legal Co nsel EXHIBIT A LONG RANGE PROPERTY MANAGEMENT PLAN (Attached behind this cover page) City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 ifs.'`*� ati lj. Background Information • Map Reference 1 • Address 975 W. Foothill Boulevard • Assessor Parcel Number(s) 8605-019-906, 8605-019-907 • Current Zoning West End Light Industrial (DWL) • Lot Size 68,111 sf • Current Use Vacant entertainment/restaurant with parking lot • Original Seller EAS Partners, lames Redfern Trust, Helene Redfern Trust • Value of Property at Time of Acquisition $2,159,466 • Acquisition Date October 16, 2006 • Property History/Purpose for Acquisition The parcels were originally purchased as a potential relocation site for various commercial businesses in the Downtown Block 36 development project. These relocations were not pursued. In 2010, the City's Light & Water municipal utility loaned the Redevelopment Agency $2.5 million in order to allow the Agency to make its required Supplemental Educational Revenue Augmentation Fund (SERAF) payment. In the absence of available funds, the City in March 2011 accepted property of equal value (including the subject parcels) as repayment of this loan. Estimate of Current Property Value Fair Market Value Assessment Assuming that the improvements on the site were demolished, and based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that these parcels together could sell for approximately $20.58 per square foot. Estimated Current Value The area of the two subject parcel totals 68,111 square feet. At $20.58 per square foot, the parcels have an estimated value of $1,400,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 975 W. Foothill Boulevard Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the private use of the property? Yes ❑ No • If Yes, indicate amount of Agency's annual I $ rent/lease income I • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been performed on the property? Yes No x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" site? Yes No x Yes No - Unknown • If No, would the property qualify for such a Brownfield designation? x Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited Once the originally-intended relocations from Block 36 did not occur, development plans for the property, including any the Agency entertained several informal proposals for commercial short-term and/or long-term lease/rental and industrial developments including the continued operation of arrangements. the D-Club restaurant/entertainment business. Reuse Assessment and Recommended Action • Describe the property's potential for transit- None. The property is not proximate to any transit-related facilities. oriented development. • Describe the reuse potential of the property in The use of this parcel for commercial/retail/industrial development terms of advancing the Successor Agency's is consistent with the General Plan's West End Light Industrial (DWL) planning objectives. designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be said. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 7 � t` q1 4Y •6 � 1 � O yAHI I a .+•+� -mow,. T ',`' . �.[!� O _ / � .• i I�I . ��� air„ Or A o` Background Information • Map Reference 2 • Address No Situs (S/E corner of Azusa Avenue & V' Street) • Assessor Parcel Number(s) 8611-014-900 • Current Zoning Azusa Avenue Corridor(CAZ) • Lot Size 14,000sf • Current Use Vacant Lot • Original Seller Cliffton and Lillie Moe Rogers • Value of Property at Time of Acquisition $57,260 • Acquisition Date June 16, 1986 • Property History/Purpose for Acquisition The parcel was acquired in conjunction with the development of another Agency site on South Azusa Avenue. It was originally intended to be developed for commercial/retail use as part of the larger Azusa Downtown redevelopment effort. In 2010, the City's Light & Water municipal utility loaned the Redevelopment Agency $2.5 million in order to allow the Agency to make its required Supplemental Educational Revenue Augmentation Fund (SERAF) payment. In the absence of available funds, the City in March 2011 accepted property of equal value (including the subject parcel) as repayment of this loan. Estimate of Current Property Value Fair Market Value Assessment Based an a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that the parcel could sell for approximately $20.58 per square foot. Estimated Current Value The area of the subject parcel totals 14,000 square feet. At $10.58 per square foot, the parcel has an estimated value of $288,000. City of Azusa Successor Agency Long Range Property Management Plan Address: S/E corner of Azusa Avenue & 5th Street Page 2 of 2 Agency Revenue Is Agency receiving lease oriental income for the private use of the property. _ Yes ❑ No a • If Yes, indicate amount of Agency s annual 5 rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been performed on the property? Yes No x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" site? Yes No x yes No Unknown • If No, would the property qualify for such a Brownfield designation? x None Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited In September 1997, the Agency authorized o focused marketing development plans for the property, including any effort to solicit potential developers for commercial/retail business. short-term and/or long-term lease/rental No acceptable proposals were received. The site was landscaped and arrangements. portions have been used occasionally far public parking. Reuse Assessment and Recommended Action • Describe the property's potential for transit- None. The property is not proximate to any transit -related facilities. oriented development. • Describe the reuse potential of the property in The use of this parcel for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Azusa Avenue planning objectives. Corridor (CAZ) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller far distribution to all relevant taxing entities. ' - City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 btR - 9 if i g Background Information • Map Reference 3 • Address 943 North Vernon Avenue(TransportationCenter) • Assessor Parcel Number(s) 8505-015-907 • Current Zoning - West End Light Industrial (DWL) • Lot Size 60,113 sf (1.38 acres) • Current Use Storage facilityfor City transit vehicles. • Original Seller City of Azusa • Value of Property at Time of Acquisition $1,615,877 • Acquisition Date July 2007 • Property History/Purpose for Acquisition The property was originally purchased by the City of Azusa in 1993 as a Transportation Yard. In July 2007, the RDA acquired the property for the purpose of utilizing a portion of the site for relocating the owner of another parcel on North Son Gabriel Avenue that the RDA was assembling for the Target Store project. In October 2007, the property was subdivided and the smaller portion was sold to Hagop Kouyoumdjion. The remaining property continues to be utilized as storage for City transit vehicles. Estimate of Current Property Value Fair Market Value Assessment The property will be in public use as parking for the City's transit vehicles. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value This parcel has no commercial market value because it is to be retained for governmental use as parking for the City's transit vehicles. The parcel itself is zoned for West End Light Industrial (DWL). City of Azusa Successor Agency Long Range Property Management Plan Address: 943 North Vernon Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the Yes ❑ No ❑ x private use of the property? $ • If Yes, indicate amount of Agency's annual rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental _ Have any environmental tests or assessments been Yes No performed on the property? x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes No site? x Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x None Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited This parcel was acquired to serve as a Transportation Yard forCity development plans for the property, including any vehicles. Consequently, no developer solicitations were issued. A short-term and/or long-term lease/rental portion of the site was utilized to facilitate the relocation of another arrangements. property owner from the Downtown North Redevelopment Project Area. Reuse Assessment and Recommended Action • Describe the property's potential for transit- Not applicable. oriented development. • Describe the reuse potential of the property in The use of this parcel for transit vehicle storage is consistent with terms of advancing the Successor Agency's the General Plan's West End Light Industrial (DWL) designation for planning objectives. this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be retained by the City for governmental use as a public facility (transit vehicle storage). • City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 i .a Background Information • Map Reference 4 • Address 805 N. Dalton Ave. • Assessor Parcel Number(s) 8608-027-905 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 9,490sf • Current Use Vacant commercial land and structure • Original Seller Lyle A. & Mary A. Moritz • Value of Property at Time of Acquisition $706,184 • Acquisition Date May 15, 2007 • Property History/Purpose for Acquisition This parcel was acquired by the Azusa Redevelopment Agency as part of the larger Downtown North Redevelopment Project which envisioned possible commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject parcel. In the absence of available Agency funds to repay this loan, the City in March 2011 accepted quitclaim deeds to these properties. Estimate of Current Property Value Fair Market Value Assessment Assuming that the improvements on the site were demolished, and based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that the parcel could seli for approximately $20.58 per square foot. Estimated Current Value The area of the subject parcel totals 9,490 square feet. At $20.58 per square foot, the parcel has an estimated value of $195,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 805 N. Dalton Ave. Page 2 of 2 Agency_Revenue Is Agency receiving lease or rental income for the Yes ❑ No El private use of the property? • If Yes, indicate amount of Agency's annual 5 rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been Yes ❑ No a performed on the property? • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes ❑ No ❑x site? • If No, would the property qualify for such a YesLJNo Unknown ❑ El Brownfield designation? Describe any remediation work performed on the None property. Previous Development Proposals Describe any previously proposed or solicited This parcel was part of the larger Downtown North Redevelopment development plans for the property, including any Project. Over the years, the Azusa Redevelopment Agency engaged short-term and/or long-term lease/rental in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. Reuse Assessment and Recommended Action • Describe the property's potential for transit- This parcel was originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light rail system linkage. • Describe the reuse potential of the property in The use of this parcel for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Transit planning objectives. Village District (DTV) designation for this site. • Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities.. Fm City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 t 147_ r � iGV Background Information • Map Reference 5 • Address 803 N. Dalton Avenue • Assessor Parcel Number(s) 8608-027-906 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 8,230 sf • Current Use Vacant commercial land and structure • Original Seller Arthur 8. and Anna M. Ramirez Family Trust • Value of Property at Time of Acquisition $1,150,000 • Acquisition Date May 27, 2008 • Property History/Purpose for Acquisition This parcel was acquired by the Azusa Redevelopment Agency as part of the larger Downtown North Redevelopment Project which envisioned possible commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject parcel. In the absence of available Agency funds to repay this loon, the City in March 2011 accepted quitclaim deeds to these properties. Estimate of Current Property Value Fair Market Value Assessment Assuming that the improvements on the site were demolished, and based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that the parcel could sell for approximately $20.58 per square foot. Estimated Current Value The area of the subject parcel totals 8,230 square feet. At $20.58 per square foot, the parcel has an estimated value of $169,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 803 N. Dalton Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the Yes❑ No ❑ private use of the property? x • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been Yes No performed on the property? x Phase 1 environmen al assessment on Marc , 2008. • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental No hazardous conditions identified. condition of the site Has the property been designated as a "Brownfield" Yes No site? x Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x None. Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited This parcel was part of the larger Downtown North Redevelopment development plans for the property, including any Project. Over the years, the Azusa Redevelopment Agency engaged short-term and/or long-term lease/rental in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. Reuse Assessment and Recommended Action • Describe the property's potential for transit- This parcel was originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light rail system linkage. • Describe the reuse potential of the property in The use of this parcel for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Transit planning objectives. Village District (DTV) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to off relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 Tr o Background Information • Map Reference 6 • Address 826 N. Azusa Avenue • Assessor Parcel Number(s) 8608-025-902 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 7,000sf • Current Use Vacant commercial lot • Original Seller Martin G. and Teresa Habern • Value of Property at Time of Acquisition $980,000 • Acquisition Date lune 24, 2008 • Prooertv History /Purpose for Acquisition This parcel was acquired by the Azusa Redevelopment Agency through a condemnation action. It was acquired as part of the larger Downtown North Redevelopment project which envisioned possible commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject parcel. In the absence of available Agency funds to repay this loan, the City in March 2011 accepted quitclaim deeds to these properties. Estimate of Current Property Value Fair Market Value Assessment Based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that the parcel could sell for approximately $20.58 per square foot. Estimated Current Value i The area of the subject parcel totals 7,000 square feet. At $20.58 per square foot, the parcel has an estimated value of $144,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 826 N. Azusa Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the Yes ❑ No ❑ x private use of the property? • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been Yes No performed on the property? x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes No site? . ED Yes No unknown • If No, would the property qualify for such a Brownfield designation? x None. Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited This parcel was part of the larger Downtown North Redevelopment development plans for the property, including any Project. Over the years, the Azusa Redevelopment Agency engaged short-term and/or long-term lease/rental in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. Reuse Assessment and Recommended Action • Describe the property's potential for transit- This parcel was originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light rail system linkage. • Describe the reuse potential of the property in The use of this parcel for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Transit planning objectives. Village District (DTV) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 Background Information • Map Reference 7 • Address 810 N. Alameda Avenue • Assessor Parcel Number(s) 8508-027-907 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 27,3605f • Current Use Vacant commercial land and structure • Original Seller 810 Alameda LLCet. al. • Value of Property at Time of Acquisition $1,730,000 • Acquisition Date December 19, 2008 • Prooe�History/Purpose for Acquisition/Purpose for Acquisition This parcel was acquired by the Azusa Redevelopment Agency through a condemnotion action. It was acquired as part of the larger Downtown North Redevelopment Project which envisioned possible commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject parcel. In the absence of available Agency funds to repay this loan, the City in March 1011 accepted quitclaim deeds to these properties. Estimate of Current Property Value Fair Market Value Assessment Assuming that the improvements on the site were demolished, and based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that the parcel could sell for approximately $20.58 per square foot. Estimated Current Value The area of the subject parcel totals 27,360 square feet. At $20.58 per square foot, the parcel has an estimated value of $563,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 810 N. Alameda Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the Yes E]NoED private use of the property? • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been Yes No performed on the property? x Botha Phase 1 Jan 2 environmental assessment have been • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). performed. • If Yes, describe the current environmental No hazardous conditions identified. condition of the site Has the property been designated as a "Brownfield" Yes No ED- Yes No Unknown • If No, would the property qualify for such a If Brownfield designation? x None. Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited This parcel was part of the larger Downtown North Redevelopment development plans for the property, including any Project. Over the years, the Azusa Redevelopment Agency engaged short-term and/or long-term lease/rental in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. Reuse Assessment and Recommended Action • Describe the property's potential for transit- This parcel was originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light rail system linkage. • Describe the reuse potential of the property in The use of this parcel for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Transit planning objectives. Village District (DTV) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities. ' City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 _ J �4� r _ 0 uG Y ,'/tjI Background Information • Map Reference 8 • Address 858 N. Azusa Avenue • Assessor Parcel Number(s) 8608-025-907 • Current Zoning Downtown Transit Village District (DTV) • lot Size 20,870 sf • Current Use Vacant commercial lot • Original Seller HowardjoonhoChoi andjonet-leongjaChoi • Value of Property at Time of Acquisition $1,760,000 • Acquisition Date Februory13, 2009 (Settlement Agreement dote) • PropertV History/Purpose for Acquisition This parcel was acquired by the Azusa Redevelopment Agency through a settlement agreement stemming from a condemnation action. It was acquired as part of the larger Downtown North Redevelopment Project which envisioned possible commercial/retail/residential projects in conjunction with the construction of o regional light rail system station at this location. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject parcel. In the absence of available Agency funds to repay this loan, the City in March 2011 accepted quitclaim deeds to these properties. Estimate of Current Property Value Fair Market Value Assessment Based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that the parcel could sell for approximately $20.58 per square foot. Estimated Current Value The area of the subject parcel totals 20,870 square feet. At $20.58 per square foot, the parcel has on estimated value of $429,500. City of Azusa Successor Agency Long Range Property Management Plan Address: 858 N. Azusa Avenue Page 2 of 2 'Agency; Reuenwe Is Agency receiving lease or rental income for the Yes No ❑ private use of the property? • If Yes, indicate amount of Agency's annual $ rent/lease income I • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been Yes No performed on the property? x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes No site? X Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x None. Describe any remediation work performed on the property. __P.�"evro_WS Development.'Prtoposal5• This parcel was part of the larger Downtown North Redevelopment Describe any previously proposed or solicited development plans for the property, including any Project. Over the years, the Azusa Redevelopment Agency engaged short-term and/or long-term lease/rental in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. R.eu_se:A`sse5sriienf and':Reco_mmended Action � ----— -— - • Describe the property's potential for transit- This parcel was originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light roil system linkage. • Describe the reuse potential of the property in The use of this parcel for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Transit planning objectives. Village District (DTV) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 ;4 T1r � •.l 4 __" ae. w 1 U �J .rL N Background Information • Map Reference 9 • Address 832 N. Azusa Avenue • Assessor Parcel Number(s) 8608-025-909, 8608-025-910 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 10,500 sf • Current Use Vacant commercial lot • Original Seller Alexios andToshio Vagenas Revocable Trust • Value of Property at Time of Acquisition $580,000 • Acquisition Date July 16, 2009 • Property History/Purpose for Acquisition These parcels were acquired by the Azusa Redevelopment Agency in a condemnation action. They were acquired as part of the larger Downtown North Redevelopment Project which envisioned possible commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject parcel. In the absence of available Agency funds to repay this loan, the City in March 2011 accepted quitclaim deeds to these properties. Estimate of Current Property Value Fair Market Value Assessment Based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that these parcels together could sell for approximately $20.58 per square foot. Estimated Current Value The area of the two subject parcels totals 10,500 square feet. At $20.58 per square foot, the parcels have on estimated value of $216,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 832 N. Azusa Avenue Page 2 of 2 Agenty_Revenue Is Agency receiving lease or rental income for the I Yes ❑ No x ❑ private use of the property? • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Enaiionrnental� Have any environmental tests or assessments been Yes No performed on the property? x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes No site? x Yes No unknown • If No, would the property qualify for such a Brownfield designation? - - x None. Describe any remediation work performed on the property. ;ff&ious7 D'evel'opment _P_'roposals Describe any previously proposed or solicited These two parcels were part of the larger Downtown North development plans forthe property, including any Redevelopment Project. Over the years, the Azusa Redevelopment short-term and/or long-term lease/rental Agency engaged in several developer solicitations to explore possible arrangements. _ commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. Reuse Assessmerif aril Recommended Aifion _,, ._. ___-_. • Describe the property's potential for transit- These parcels were originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light rail system linkage. • Describe the reuse potential of the property in The use of these parcels for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Transit planning objectives. Village District (DTV) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities. ' City of Azusa Successor Agency Long Range Property Management Plan - Page 1 of 2 Ji Background Information • Map Reference 10 • Address 830 N. Azusa Avenue • Assessor Parcel Number(s) 8608-025-908 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 3,500 sf • Current Use Vacant commercial lot • Original Seller Donna M. Matson Trust • Value of Property at Time of Acquisition $180,000 • Acquisition Date August 17, 2009 • Property History/Purpose for Acquisition This parcel was acquired by the Azusa Redevelopment Agency as part of the larger Downtown North Redevelopment Project which envisioned possible commercial/retail/residential projects in conjunction with the construction of a regional light rail system station of this location. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject parcel. In the absence of available Agency funds to repay this loan, the City in March 2011 accepted quitclaim deeds to these properties. Estimate of Current Property Value Fair Market Value Assessment Based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that the parcel could sell for approximately $20.58 per square foot. Estimated Current Value The area of the subject parcel totals 3,500 square feet. At $20.58 per square foot the parcel has an estimated value of $72,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 830 N. Azusa Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the Yes ❑ No ❑ x private use of the property? • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been Yes No performed on the property? x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes No site? Yes No unknown • If No, would the property qualify for such a Brownfield designation? None. Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited This parcel was part of the larger Downtown North Redevelopment development plans for the property, including any Project. Over the years, the Azusa Redevelopment Agency engaged short-term and/or long-term lease/rental in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. Reuse Assessment and Recommended Action • Describe the property's potential for transit- This parcel was originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light rail system linkage. • Describe the reuse potential of the property in The use of this parcel far mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Transit planning objectives. Village District (DTV) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 - ;VN �. S ti ,1�.. Background Information • Map Reference 1I • Address 809 N. Dalton Avenue • Assessor Parcel Number 8608-027-908 • Current Zoning Downtown Transit Village District (DTV) • Lot Size - 14,000 sf • Current Use Two (2) vacant residential structures • Original Seller Steven O'Bryont and Betty Westfoll • Value of Property at Time of Acquisition $1,130,000 • Acquisition Date February 22, 1010 • Property History/Purpose for Acquisition The Azusa Redevelopment Agency acquired this property pursuant to an Assignment Agreement with Lewis Investment Company, LLC ("Lewis") that was approved by the Agency on February 15, 2010. Lewis had negotiated the original purchase under the terms of an Exclusive Negotiating Agreement with the Agency for a proposed transit-oriented development. Prior to acquisition, this property consisted of two legol parcels which were subsequently consolidated. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject porceL In the absence of available Agency funds to repay this loan, the City in March 2011 accepted quitclaim deeds to these properties. Estimate of Current Property Value Fair Market Value Assessment Assuming that the improvements on the site were demolished, and based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that the parcel could sell for approximately $20.58 per square foot. Estimated Current Value The area of the subject parcel totals 14,000 square feet. At $20.58 per square foot, the parcel has an estimated value of $288,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 809 N. Dalton Avenue Page 2 of 2 AgeneyRReyenue; Is Agency receiving lease or rental income for the private use of the property? Yes ❑ No x • If Yes, indicate amount of Agency's annual $ rent/lease income _ • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Have any environmental tests or assessments been performed on the property? Yes No x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" site? Yes No x • If No, would the property qualify for such a Brownfield designation? Yes No Unknown None. Describe any remediation work performed on the property. - �ievuius Dexe opment,Pr_oposaJ`s__ Describe any previously proposed or solicited This parcel was part of the larger Downtown North Redevelopment development plans for the property, including any Project. Over the years, the Azusa Redevelopment Agency engaged short-term and/or long-term lease/rental in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. R7_ Assessment a_nd Retommerkde_o'Actiory _ • Describe the propertys potential for transit- This parcel was originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light rail system linkage. • Describe the reuse potential of the property in The use of this parcel for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Transit planning objectives. Village District (DTV) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 , Background Information • Map Reference 12 • Address 812 N. Azusa Avenue, 801 N. Alameda Avenue • Assessor Parcel Number(s) 8608-025-903, 8608-025-904, 8608-025-905, 8608-025-906 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 56,470sf • Current Use Park-and-ride facility under construction • Original Seller John R. and Lillian O. Cortez • Value of Property at Time of Acquisition $2,905,000 • Acquisition Date Oecember9, 2008 • ProoertV History/Purpose for Acquisition These parcels were acquired by the Azusa Redevelopment Agency in a condemnation action. They were acquired as part of the larger Downtown North Redevelopment Project which envisioned possible commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. In March 2008, the City of Azusa loaned the Redevelopment Agency $11 million in order to allow the Agency to acquire several individual properties in the Downtown Transit Village District including the subject parcel. In the absence of available Agency funds to repay this loan, the City in March 2011 accepted quitclaim deeds to these properties. On October 4, 2010 the City entered into a Memorandum of Understanding with Foothill Transit for the joint financing, planning, design, construction and use a park-and-ride facility in conjunction with the new Gold Line station. The facility includes a 4-level parking structure containing between 500 to 725 parking spaces, an electric bus charging station and bus bays and turnouts to accommodate Foothill Transit buses. Estimate of Current Property Value Fair Market Value Assessment The property will be in public use as a park-and-ride facilityfor the MTA Gold Line Station. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value This parcel has no commercial market value because it is to be retained for governmental use as a park-and-ride facility for the MTA Gold Line Station. The parcel itself is zoned for Downtown Transit Village District (DTV). City of Azusa Successor Agency Long Range Property Management Plan Address: 812 N. Azusa Avenue, 801 N. Alameda Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the private use of the property: Yes ❑ No r • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been Yes No performed on the property? x Both Phase f an ase 11 environmental assessments hove been • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). performed (May/June 2008). • If Yes, describe the current environmental No hazardous conditions identified. condition of the site Has the property been designated as a "Brownfield" site? Yes No x Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x None Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited These parcels were part of the larger Downtown North development plans for the property, including any Redevelopment Project. Over the years, the Azusa Redevelopment short-term and/or long-term lease/rental Agency engaged in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of o regional light rail system station at this location. The properties are now the location of the Gold Line pork-and-ride facility. Reuse Assessment and Recommended Action • Describe the property's potential for transit- These parcels were originally intended to be part of the Downtown oriented development. North Redevelopment Project which included a light rail system linkage. • Describe the reuse potential of the property in Current land use as a light rail pork-and-ride facility is consistent terms of advancing the Successor Agency's with the General Plan's Downtown Transit Village District (DTV) planning objectives. designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that these parcels should be retained by the City for governmental use as a public facility (Gold Line pork-and-ride facility). Pursuant to the City's MOU with Foothill Transit, the City will retain ownership of the site and will lease the parking spaces to Foothill Transit. Pursuant to HSC 34191.3 property that is used for a parking lot that generates no more revenue than reasonably necessary for maintenance may be conveyed to the City as a governmental use property. ' City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 _ fvu T w 0 ��- ,*err .• • ' �-- 4 r— O. ��� � Background Information • Map Reference 13 • Address 1403 N. San Gabriel Canyon Road • Assessor Parcel Number(s) 8684-019-900 • Current Zoning Neighborhood Center Subzone (NC) of Neighborhood General (NG3) • Lot Size 16,053 sf • Current Use Landscaped median island with pedestrian access • Original Seller William Cunningham, Benjamin Cunningham, Elizabeth Norman in 1987, Barr Voll, Inc. in 2001 • Value of Property at Time of Acquisition The acquisition of property from Barr Volt Inc. in 1001 was for $170,000. Other Agency acquisition files for the Cunningham acquisition could not be found after a diligent search. A title report was also ordered which failed to yield the information required. • Acquisition Date I August 23, 1987 (Cunningham), December 17, 2001 (Barr Vall, Inc) • Property History/Purpose for Acquisition The landscaped median on North San Gabriel Canyon Road originally consisted of two parcels that were acquired at different times by the Redevelopment Agency and subsequently consolidated. After a diligent search, the Agency staff was unable to locate the files for this property in order to determine the size of the two original parcels, the acquisition price for the Cunningham parcel, the Agency's original intent for acquiring the parcels, or any developer proposals for this site. Estimate of Current Property Va ue Fair Market Value Assessment The property will be in public use as a pedestrian-accessible landscaped median. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value This parcel has no commercial market value because it is to be retained for governmental use as a pedestrian-accessible landscaped median island. City of Azusa Successor Agency Long Range Property Management Plan Address: 1403 N. San Gabriel Canyon Road Page 2 of 2 Agefi'cy Revgnu_e; - Is Agency receiving lease or rental income for the private use of the property? ( Yes ❑ No El • If Yes, indicate amount of Agency's annual rent/lease income $ • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) n,,u)r�onrnenta „ Have any environmental tests or assessments been performed on the property? Yes No x • If Yes, describe the work performed and dates (Le, Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site - Has the property been designated as a "Brownfield" site? Yes No X • If No, would'the property qualify for such a Brownfield designation? Yes No Unknown X None. Describe any remediation work performed on the property. �P-revious Revelff mentAro-osals__ _ - - - - -- = s-- - Describe any previously proposed or solicited No documentation found. development plans for the property, including any short-term and/or long-term lease/rental arrangements. Reuse Assessment. and?Rec_o_mmended'Act_ioni. • Describe the property's potential for transit- Not applicable. oriented development. • Describe the reuse potential of the property in Current land use is for a pedestrian-accessible landscaped median terms of advancing the Successor Agency's island between the north ondsouthbound lanes of San Gabriel planning objectives. Canyon Road, consistent with the General Plan's Urban Form and Mobility goals. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be retained by the City far governmental use as a pedestrian-accessible landscaped median. ' City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 r A4 s�r y v , _ 99 Background Information • Map Reference 14 • Address No Addresses (Senior Citizens Center Parking) • Assessor Parcel Number(s) 8680-028-910, 901, 903, 904, 908 • Current Zoning Downtown Civic Center District (DCC) • Lot Size 42, 636 sf (combined) - • Current Use Public parking lot for Azusa Senior Citizens Center • Original Seller APN 8608-028-910, 901, 903, and 904 quit -claimed by the City of Azusa to the Redevelopment Agency on March 20, 2008. APN 8608- 028-908 purchased from the LA -Pasadena Blue Line Construction Authority on lune 6, 2008. • Value of Property at Time of Acquisition $929,970 (based on Finance Dept. General Ledger) • Acquisition Date (See discussion above under Original Seller) • Property History/Purpose for Acquisition Over the years, the RDA explored several development proposals for the Downtown North area including possible transit - oriented projects in conjunction with the new Metro Gold Line light-rail station serving Azusa. In order to accommodate this potential development, the City Council authorized the execution of quitclaim deeds conveying several parcels of City - owned property along Dalton Avenue to the RDA. Due to the dissolution of the RDA, these properties were never developed. Because four of these parcels were originally purchased by the City with City funds, they should be transferred back to the City, along with APN 8608-028-908, for their continued governmental purpose as a public parking lot for the City's Senior Citizens Center. Estimate of Current Property Value Fair Market Value Assessment The property will be in public use as parking for the Azusa Senior Citizen's Center. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value This parcel has no commercial market value because it is to be retained for governmental use as parking for the Azusa Senior Citizen's center. The parcel itself is zoned for Downtown Civic Center District (DCC). City of Azusa Successor Agency Long Range Property Management Plan Address: No Addresses (Senior Citizens Center Parking) Page 2 of 2 Agency_ Revenue; Is Agency receiving lease or rental income for the private pte use of the property? Yes ❑ No a • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Env.iFonmerital� -- - Have any environmental tests or assessments been performed on the property? yes No x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental - condition of the site Has the property been designated as a "Brownfield" site? Yes No x • If No, would the property qualify for such a Brownfield designation? Yes No Unknown x No. Describe any remediation work performed on the property. Previous"Deve_opmenf P'r,..oposals - Describe any previously proposed or solicited These parcels were part of the larger Downtown North development plans for the property, including any Redevelopment Project. Over the years, the Azusa Redevelopment short-term and/or long-term lease/rental Agency engaged in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station in the Downtown area. -Reu_sesAss ssem_ ent,andFKecor7finended;Action 4 • Describe the property's potential for transit- Notapplicable. oriented development. • Describe the reuse potential of the property in Current land use is far a Senior Citizens Center parking lot which is terms of advancing the Successor Agency's consistent with the General Plan's Downtown Civic Center District planning objectives. (DCC) designation for this site. • Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that these parcels should be retained for governmental use as a public facility (Senior Citizens Center parking). The parcels should be retained by the City of Azusa. Pursuant to HSC 34191.3 property that is used for a parking lot that generates no more revenue than reasonably necessary for maintenance may be conveyed to the City as a governmental use property. ' City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 ID IV Background Information • Map Reference 15 • Address 17511 E. Arrow Highway • Assessor Parcel Number(s) 8621-024-905 • Current Zoning South Azusa Avenue Corridor (CSA) • Lot Size 9,856 sf • Current Use Landscaped vacant Lot • Original Seller Roy and Joyce Fowler • Value of Property at Time of Acquisition $1,450,000 • Acquisition Date March 30, 2011 • Property History/Purpose for Acquisition This 0.23 -acre parcel was acquired by the Azusa Redevelopment Agency in a condemnation action. The Agency's intent was to consolidate this parcel with the adjacent Agency -owned property and market it for commercial/retail development consistent with the Redevelopment Plan. The adjacent property was purchased in 2008 with a $5.3 million loan from the City. In the absence of available Agency funds to repay this loan, the City in March 2011 accepted quitclaim deeds to these adjacent properties and subsequently entered into Disposition and Development Agreement (DDA) with The Charvat Family LCC which included a Reciprocal Parking Agreement and a purchase option applicable to the subject parcel. The purchase option runs through the fifth anniversary of execution of the DDA (June 6, 2016). Estimate of Current Property Value Fair Market Value Assessment The parcel is currently encumbered by the terms of the DDA with the Charvat Family LLC in regards to both Reciprocal Parking as well as a five-year purchase option. Consequently, any assessment affair market value would be restricted by such covenants. If the property were unencumbered and available to sell, a survey of vacant commercial property values in areas proximate to Azusa indicate an estimated vacant -land price of $20.58 per square foot. Estimated Current Value The area of the subject parcel totals 9,856 square feet. Assuming that the parcel could be sold unencumbered on the open market at $20.58 per square foot, it would have an estimated value of $103,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 17511 E. Arrow Highway Page 2 of 2 Qigengjt_RRRevenue u Is Agency receiving lease or rental income for the Yes private use of the property? No X • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renterilessee, term, rent calculations, restrictions/obligations, etc.) -...__,_.me_. _ Envtronnta- — _ Have any environmental tests or assessments been yes No performed on the property? x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" site? Yes No X Yes No Unknown • If No, would the property qualify for such a Brownfield designation? X Describe any remediation work performed on the property. nPreu-_ou--'-.DeuoPPrpP ' _, Describe any previously proposed or solicited Prior to the Agency approval of the agreement with The Charvet development plans for the property, including any Family LLC, the parcels that constitute the entire northeastcorner of short-term and/or long-term lease/rental Azusa Ave. and Arrow Hwy. have been subject to four different arrangements. proposals for commercial/retail development beginning in 2005. Reuse A_sssessmentand R'ecommen_d`.edAcionr • Describe the property's potential for transit- None. The parcel is subject to a Reciprocal Parking Agreement and oriented development. purchase option pursuant to a development agreement with the Charvet Family LLC. • Describe the reuse potential of the property in The use of this Parcel for commercial/retail development is terms of advancing the Successor Agency's consistent with the General Plan's South Azusa Avenue Corridor planning objectives. (CSA) designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be transferred to the City to fulfill the City's obligation under the terms of Charvet Family LCC development agreement. If the Charvet Family LLC chooses not to execute its option to acquire the subject parcel within the timeframe established by the DDA (lune 6, 2016), the parcel should be returned to the Successor Agency for sale on the open market. The Successor Agency will remit proceeds from the sale of the property to the Los Angeles County Auditor/Controller for distribution to all relevant taxing entities. ' City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 j a 'Wx i Q t•Y' �e�f ,' Background Information • Map Reference 16 • Address 714, 716, 720, 726, 728 North Dalton Avenue • Assessor Parcel Number(s) 8608-029-904, 906, 907, 908 and 909 • Current Zoning Downtown Civic Center District (DCC) • Lot Size 37,500 sf • Current Use Public parking lotfor Azusa Senior Citizens Center • Original Seller All parcels purchased by City of Azusa between July 1988 and October2005. All parcels quit -claimed by the City to the Redevelopment Agency on February5, 2008 (quitclaimed back to Coon March 30, 2011). • Value of Property at Time of Acquisition $1,508,812 (based on Finance Dept. General Ledger) • Acquisition Date (See discussion above under Original Seller) • Property History/Purpose for Acquisition Since 1988, the City has acquired property on North Dalton Avenue, north of Foothill Boulevard, for the purpose of relocating and expanding the City's public library. These include the five subject parcels. Over the years, the RDA explored several development proposals for the Downtown North area including possible transit - oriented projects in conjunction with the new Metro Gold Line light-rail station serving Azusa. In order to accommodate this potential development the City Council authorized the execution of quitclaim deeds conveying several parcels of City - owned property along Dalton Avenue to the RDA. Due to the dissolution of the RDA, these properties were never developed. Because these five parcels were originally purchased by the City with City funds, they should be transferred back to the City for their continued governmental purpose as a public parking lot for the City's Senior Citizens Center or the eventual expansion of the City's public library. Estimate of Current Property Value Fair Market Value Assessment The property will be in public use as parking for the Azusa Senior Citizen's Center. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value These parcels have no commercial market value because they are to be retained far governmental use as parking for the Azusa Senior Citizen's Center. The parcel itself is zoned for Downtown Civic Center District (DCC). City of Azusa Successor Agency Long Range Property Management Plan Address: 714, 716, 720, 726, 728 North Dalton Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the private use of the property? Yes ❑ No a • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Have any environmental tests or assessments been performed on the property? Yes No x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site - Has the property been designated as a "Brownfield" site? Yes No x • If No, would the property qualify for such a Brownfield designation? yes No Unknown x None. Describe any remediation work performed on the property. Ptevious: U'evelopmerit— Describe any previously proposed or solicited These parcels were part of the larger Downtown North development plans for the property, including any Redevelopment Project. Over the years, the Azusa Redevelopment short-term and/or long-term lease/rental Agency engaged in several developer solicitations to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station in the Downtown area. Reuse Assessrnent-and R, pcort mended Aetibri - - • Describe the property's potential for transit- Not applicable. oriented development. • Describe the reuse potential of the property in Current land use is for a Senior Citizens Center parking lot which is terms of advancing the Successor Agency's consistent with the General Plan's Downtown Civic Center District planning objectives. (DCC) designation for this site. • Recommended action: The Successor Agency to the Azusa Redevelopment Agency has determined that these parcels should be retained by the City far governmental use as o public facility (Senior Citizens Center parking). Pursuant to HSC 34191.4 property that is used for a parking lot that generates no more revenue than reasonably necessary for maintenance may be conveyed to the City as a governmental use property. City of Azusa Successor Agency Long Range Property Management Plan _ Page 1 of 2 O Background Information • Map Reference 17 • Address 303 E. Foothill Boulevard • Assessor Parcel Number(s) 8608-029-910, • Current Zoning Downtown Civic Center District(DCC) • Lot Size 22,499 sf • Current Use Vacant lot/Public parking • Original Seller Robert & Ina Zerbe, Melvin & Beverly Piper Trust, Bonnie Boelens Trust, Gary Reiter • Value of Property at Time of Acquisition $648,888 • Acquisition Date May 22, 2007 • Property History/Purpose for Acquisition Since 1988, the City has acquired property on North Dolton Avenue, north of Foothill Boulevard, for the purpose of relocating and expanding the City's public library. The City originally intended to acquire the subject parcel as well, but transferred its rights to the RDA which acquired it in May 2007. Over the years, the RDA explored several development proposals for the Downtown North area including possible transit- oriented projects in conjunction with the new Metro Gold Line light-rail station serving Azusa. In order to accommodate this potential development, the City Council authorized the execution of quitclaim deeds conveying several parcels of City- owned property along Dalton Avenue to the RDA. Due to the dissolution of the RDA, these properties were never developed. Estimate of Current Property Value Fair Market Value Assessment The property will be in public use as porking for the Azusa Senior Citizen's Center. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value This parcel has no commercial market value because it is to be retained for governmental use as parking for the Azusa Senior Citizen's Center. The parcel itself is zoned for Downtown Civic Center District (DCC). City of Azusa Successor Agency Long Range Property Management Plan Address: 303 E. Foothill Boulevard Page 2 of 2 Agency Revenue: Is Agency receiving lease or rental income for the private use of the property? Yes ❑ NO a • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) E'nvirorimen_tiah_ Have any environmental tests or assessments been performed on the property? Yes X No Both Phase 1 an ase 11 environmental assessments have been • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). performed (April/Moy 2007). • If Yes, describe the current environmental No hazardous conditions identified. condition of the site Has the property been designated as a "Brownfield" site? s N Yeo x • If No, would the property qualify for such a Brownfield designation? Yes Nox Unknown Removal of un erground storage tank. Describe any remediation work performed on the property. Pre ,ions D'evelopmerit P bposafs Describe any previously proposed or solicited This parcel was part of the larger Downtown North Redevelopment development plans for the property, including any Project. Over the years, the Azusa Redevelopment Agency engaged short-term and/or long-term lease/rental in several developer solicitations to explore passible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. ftu ,ejAssessmenit,and Recommend`e_d'Actio�' — � • Describe the property's potential for transit- This parcel was originally intended to facilitate the relocation and oriented development. expansion of the City's public library. Later, it was envisioned that it would be incorporated into the Downtown North Redevelopment Project which included a light rails stem linkage. • Describe the reuse potential of the property in Current land use is for a Senior Citizens Center parking lot which is terms of advancing the Successor Agency's consistent with the General Plan's Downtown Civic Center District planning objectives. (DCC) designation for this site. Recommended Action: The successor Agency to the Azusa Redevelopment Agency has determined that these parcels should be retained for governmental use as a public facility (Senior Citizens Center parking). Title to the parcel should remain with the City of Azusa. Pursuant to HSC 34191.3 property that is used for o parking lot that generates no more revenue than reasonably necessaryfor maintenance may be conveyed to the City as a governmental use property. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 i yr _ Background Information • Map Reference 18 • Address No Situs (Block 36) • Assessor Parcel Number(s) 8611-003-921 • Current Zoning Downtown— TownCenter(OTC) • Lot Size 97,574 sf (2.14 acres) • Current Use Public parking • Original Seller Various (see discussion below regarding Property History) • Value of Property at Time of Acquisition $3,324,366 (based on Finance Dept. General Ledger) • Acquisition Date Various (see discussion below regarding Property History) • Property History/Purpose for Acquisition In 2003, the Azusa Redevelopment Agency began acquiring 12 parcels from 11 different property owners in the area on Azusa Avenue between 6th Street and Foothill Boulevard identified as Block 36. The parcels were later consolidated in order to facilitate potential commercial/retail development. The RDA entered into Disposition and Development Agreement with Lowe Enterprises during fiscal year 2006-07 for a mixed-use retail and housing development. Lowe was ultimately unable to move forward with the development plan for this area. The Redevelopment Agency also entered into a long-term enforceable obligation with the adjacent Bank of America for use of a portion of this site for bank parking. Estimate of Current Property Value Fair Market Value Assessment The property will be in public use as parking for Downtown Azusa businesses. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value These parcels have no commercial market value because they are to be retained for governmental use as parking for the Azusa Downtown businesses. The parcel itself is zoned for Downtown —Town Center (DTC). City of Azusa Successor Agency Long Range Property Management Plan Address: No Address (Block 36) Page 2 of 2 Agency -Revenue Is Agency receiving lease or rental income for the private use of the property. Yes ❑ No • If Yes, indicate amount of Agency's annual $ , rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Have any environmental tests or assessments been Yes No performed on the property? • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes No site? x Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x Describe any remediation work performed on the property. Previous•IDdir lopmentProposals_.. ' Describe any previously proposed or solicited The RDA entered into Disposition and Development Agreement with development plans for the property, including any Lowe Enterprises during fiscal year 2006-07 for a mixed-use retail short-term and/or long-term lease/rental and housing development. Lowe was ultimately unable to move arrangements. forward with the development plan for this area. A portion of this site is also subject to a long-term enforceable obligation with the adjacent Bank of America for use as bank parking. Reuse AssessmentanffRecommgn a Auction • Describe the property's potential for transit- Not applicable. oriented development. • Describe the reuse potential of the property in Current land use is for Azusa Downtown public parking which is terms of advancing the Successor Agency's consistent with the General Plan's Downtown — Town Center (DTC) planning objectives. designation for this site - Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be retained for governmental use as o public facility (Azusa Downtown parking). The parcels should be retained by the City of Azusa. Pursuant to HSC 34191.3 property that is used for a parking lot that generates no more revenue than reasonably necessary for maintenance may be conveyed to the City as a governmental use property. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 go � L _ Background Information • Map Reference 19 • Address 600 North Son Gabriel Avenue • Assessor Parcel Number(s) 8611-004-906, • Current Zoning Downtown— Town Center(DTC) • Lot Size 7, 000 sf • Current Use Public parking • Original Seller Robert F. Gallant • Value of Property at Time of Acquisition $129,496 (based on Finance Dept. General Ledger) • Acquisition Date lune 18, 1992 • Property History/Purpose for Acquisition Over the years, the Redevelopment Agency acquired several parcels along North San Gabriel Avenue as they became available as part of its overall Downtown redevelopment project. The subject parcel is part of the "Parking Court" whereby the Agency entered into enforceable obligations (reciprocal easement agreements) with several adjacent commercial businesses requiring it to remain in use as a public parking lot. The parcel was transferred to the City in March 2011 to allow for its continued use as a public parking tot. Estimate of Current Property Value Fair Market Value Assessment The property will be in public use as parking for Downtown Azusa businesses. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value These parcels have no commercial market value because they are to be retained for governmental use as parking for the Azusa Downtown businesses. The parcel itself is zoned for Downtown —Town Center (DTC). City of Azusa Successor Agency Long Range Property Management Plan Address: 600 North San Gabriel Avenue Page 2 of 2 Agency,Revenue Is Agency receiving lease or rental income for the private use of the property? YesEl❑ No x • If Yes, indicate amount of Agency's annual 5 rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) EhVirdnmental--- Have any environmental tests or assessments been Yes No performed on the property? x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes No site? x Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x None. Describe any remediation work performed on the property. Pr_vel_ous Devopmerit�Propoas Describe any previously proposed or solicited Since this parcel has been designated for public parking, no development plans for the property, including any development proposals have been solicited or accepted. short-term and/or long-term lease/rental arrangements. R-0 use:. Assessment and RR@commen�ded Ac-tiion • Describe the property's potential for transit- Not applicable. oriented development. • Describe the reuse potential of the property in Current land use is forAzusa Downtown public parking which is terms of advancing the Successor Agency's consistent with the General Plan's Downtown —Town Center (DTC) planning objectives. designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be retained by the City of Azusa for governmental use as a public facility (Azusa Downtown parking). Pursuant to HSC 34191.3 property that is used far a parking lot that generates no more revenue than reasonably necessary for maintenance may be conveyed to the City as a governmental use property. City of Azusa Successor Agency Long Range Property Management Plan 9YPage 1 of 2 0 +- 0 qy�ty' i r • i �. �_. ,Aim - .A `"L' �s�G. Background Information • Map Reference 20 • Address 604 North San Gabriel Avenue • Assessor Parcel Number(s) 8611-004-907, • Current Zoning Downtown— Town Center (OTC) • Lot Size 7,000 sf • Current Use Public parking • Original Seller Marino & HermilaArenos • Value of Property at Time of Acquisition $128,548 (based on Finance Dept, General Ledger) • Acquisition Date May 19, 1993 • Property History/Purpose for Acauisition Over the years, the Redevelopment Agency acquired several parcels along North San Gabriel Avenue as they became available as part of its overall Downtown redevelopment project. The subject parcel is part of the 'Parking Court" whereby the Agency entered into enforceable obligations (reciprocal easement agreements) with several adjacent commercial businesses requiring it to remain in use as a public parking lot. The parcel was transferred to the City in March 2011 to allow for its continued use as a public parking lot. Estimate of Current.Property Value Fair Market Value Assessment The property will be in public use as parking for Downtown Azusa businesses. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value These parcels have no commercial market value because they are to be retained for governmental use as parking for the Azusa Downtown businesses. The parcel itself is zoned for Downtown — Town Center (DTC). City of Azusa Successor Agency Long Range Property Management Plan Address: 604 North San Gabriel Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the Yes ❑ No a private use of the property? • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) _ .. -.r-_. - —_- Envlronmenta - Have any environmental tests or assessments been Yes No performed on the property? x • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe the current environmental condition of the site Has the property been designated as a "Brownfield" Yes No site? x Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x None. Describe any remediation work performed on the property. PreviousAevelopment Ptoposal's,` Describe any previously proposed or solicited Since this parcel has been designated for public parking, no development plans for the property, including any development proposals have been solicited or accepted. short-term and/or long-term lease/rental arrangements. Reuse�Ass`essm_e_rit and Recommended Aetion - - -- • Describe the property's potential for transit- Notopplicable. oriented development. • Describe the reuse potential of the property in Current land use is forAzusa Downtown public parking which is terms of advancing the Successor Agency's consistent with the General Plan's Downtown -Town Center (DTC) planning objectives. designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be retained by the City of Azusa for governmental use as a public facility (Azusa Downtown parking). Pursuant to HSC 34191.3 property that is used for a parking lot that generates no more revenue than reasonably necessaryfor maintenance may be conveyed to the City as a governmental use property. City of Azusa Successor Agency Long Range Property Management Plan Page 102 prl ILE � Background Information • Map Reference 21 • Address 622 North San Gabriel Avenue • Assessor Parcel Number(s) 8611-004-912, 8611-004-913 • Current Zoning Downtown— Town Center (DTC) • Lot Size 14,000sf • Current Use Public parking • Original Seller Christine A. Miller • Value of Property at Time of Acquisition $391,420 (based on Finance Dept. General Ledger) • Acquisition Date October 29, 2009 • Property History/Purpose for Acauisition The Redevelopment Agency acquired the subject parcels in 2009 as part of its overall Downtown redevelopment project and demolished the existing improvements. The parcels were then incorporated into North Son Gabriel Avenue "Parking Court" whereby the Agency entered into enforceable obligations (reciprocal easement agreements) with several adjacent commercial businesses requiring it to remain in use as a public parking lot. These parcels were transferred to the City in March 2011 to allow for its continued use as a public parking lot. Estimate of Current Property Value Fair Market Value Assessment The property will be in public use as parking for Downtown Azusa businesses. No income will be derived from the site to either the City or the Successor Agency. The property therefore has no commercial market value. Estimated Current Value These parcels have no commercial market value because they are to be retained for governmental use as parking for the Azusa Downtown businesses. The parcel itself is zoned for Downtown — Town Center (DTC). City of Azusa Successor Agency Long Range Property Management Plan Address: 622 North San Gabriel Avenue Page 2 of 2 'dgency;Reyen. ue Is Agency receiving lease or rental income for the Yes ❑ No El private use of the property? • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been Yes No performed on the property? x A Phase I environmental assessment on Sep em er29, 2009. Also, • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). on asbestos assessment of the existing improvements was also - conducted. • If Yes, describe the current environmental No hazardous conditions identified. condition of the site Has the property been designated as a "Brownfield" Yes No site? x Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x Asbestos reme iation was performed prior to demolition of the Describe any remediation work performed on the property. improvements on the site. `P"r'evious;DevelopmenfProposalsl — _ -- — -- --- Describe any previously proposed or solicited Since this parcel has been designated for public parking, no development plans for the property, including any development proposals have been solicited or accepted. short-term and/or long-term lease/rental arrangements. Reuse Assessrrient and Rec�oinamended Aefionl • Describe the property's potential for transit- Not applicable. oriented development. • Describe the reuse potential of the property in Current land use is farAzuso Downtown public parking which is terms of advancing the Successor Agency's consistent with the General Plan's Downtown —Town Center (DTC) planning objectives. designation for this site. Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be retained by the City of Azusa for governmental use as a public facility (Azusa Downtown parking). Pursuant to NSC 34191.3 property that is used for a parking lot that generates no more revenue than reasonably necessary for maintenance may be conveyed to the City as a governmental use property. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 Ti i • V i ? ,• ' ItiT � 1 Background Information 4 • Map Reference 21 • Address 624 - 630 North San Gabriel Avenue • Assessor Parcel Number(s) 8611-004-914, • Current Zoning Downtown — TownCenter(DTC) • lot Size 14,000 sf (Building area: 8,000 sf) • Current Use Vacant Commercial Building • Original Seller 1K Partnership • Value of Property at Time of Acquisition $2,002,065 (based on Finance Dept. General Ledger) • Acquisition Date April 10, 2009 • Property History/Purpose for Acquisition Over the years, the Redevelopment Agency acquired several parcels along North San Gabriel Avenue as they became available as part of its overall Downtown redevelopment project. The subject parcel originally housed the Workforce Investment Council before it relocated. The building is currently vacant. Estimate of Current Property Value Fair Market Value Assessment Based on a survey of office%ommercial property values in areas proximate to Azusa, it is estimated that the parcel could sell for approximately $200.00 per square foot. This estimate reflects the low end of the range far office%ammerciol properties due to its relatively poor condition. Estimated Current Value The building area of the subject parcel totals 8,000 square feet. At $200.00 per square foot, the parcel has an estimated value of $1,600,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 624 - 630 North San Gabriel Avenue Page 2 of 2 Age ty;Revenue Is Agency receiving lease or rental income for the private use of the property? Yes ❑ No • If Yes, indicate amount of Agency's annual $ rent/lease income • If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) E'nuironmental Have any environmental tests or assessments been Yes No performed on the property? x Both Phase / on ase II environmental assessments have been • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). performed (January/February 2009). • If Yes, describe the current environmental No Hazardous conditions identified. However, no asbestos condition of the site assessment of the building improvements has been performed. Has the property been designated as a "Brownfield" Yes No site? x Yes No Unknown • If No, would the property qualify for such a Brownfield designation? x None. Describe any remediation work performed on the property. - 1?r,evious D.eve Qpment Pro,po a s:_ Describe any previously proposed or solicited No documentation found. development plans for the property, including any short-term and/or long-term lease/rental arrangements. Reuse=Asses_s_ment and; Reco_m_mended<<Action - - • Describe the property's potential for transit- The property is approximately one-half mile from the Gold Line light- oriented development. rail station currently under construction. • Describe the reuse potential of the property in The use of this parcel for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown — planning objectives. Town Center (DTC) designation for this site. Recommended Action- - The Successor Agency to. the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill an enforceable obligation or remitted to the County Auditor Controller for distribution to all relevant taxing entities.