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HomeMy WebLinkAboutResolution No. OB-21-2015RESOLUTION NO. OB -21-2015 RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING AND ADOPTING THE 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 ("Redevelopment Agency"); and WHEREAS, the Oversight Board is the Successor Agency's oversight board pursuant to Health and Safety Code Section 34179(a); and WHEREAS, following receipt of a Finding of Completion by the California Department of Finance ("DOF") on May 31, 2013, Health and Safety Code Section 34191.5(b) requires the Successor Agency to prepare a long-range property management plan ("Original LRPMP") that addresses the disposition and use of the real properties of the Redevelopment Agency, and that must be submitted to the Oversight Board and DOF for approval; and WHEREAS, the Successor Agency prepared the Original 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, which was approved by the Successor Agency on November 2, 2015, and the Oversight Board on November 11, 2015, and thereafter submitted to DOF for review; and WHEREAS, pursuant to direction from DOF, on December 7, 2015, the Successor Agency adopted Resolution No. 2015-R28 amending five (5) data sheets of the Original LRPMP to provide clarification and corrections to properties 13, 14, 16, 17 and 18 on the Original LRPMP ("Data Sheets"), including clarification that properties 726 N. Dalton Avenue and 728 N. Dalton Avenue shall be classified as governmental purpose properties for use as public parking facilities and lots dedicated solely for public use that do not generate revenue in excess of the reasonable maintenance costs for those properties, and properties 714 N. Dalton Avenue, 716 N. Dalton Avenue, and 720 N. Dalton Avenue are to be sold in a manner designed to maximize value; and WHEREAS, on December 9, 2015, the Oversight Board approved Resolution No. OB - 20 -2015 approving the Data Sheets and directed the Successor Agency to submit the Original LRPMP, as amended by the Data Sheets, to DOF; and WHEREAS, DOF determined that the wording of Resolution No. OB -20-2015 is not identical to the Data Sheets and is requiring the Successor Agency to amend the Data Sheets to provide that Properties 16 and 17 shall be sold in a manner designed to maximize value, and obtain Oversight Board re -approval of the entire Original LRPMP, including the Data Sheets for properties 13, 14 and 18, and the amended Data Sheets for Properties 16 and 17 ("LRPMP"); and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, THE OVERSIGHT BOARD OF 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 riot commit the Oversight Board 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 the LRPMP. The Oversight Board hereby approves the LRPMP in substantially the form attached to this Resolution as Exhibit A. Section 4. Approval of Designation of Governmental Purpose Properties. The Oversight Board further approves and finds that the properties designated as governmental purpose properties in the LRPMP are properly designated for this purpose, and that the governmental purpose properties designated as parking facilities or lots are dedicated to public parking and do not generate revenues in excess of the reasonable maintenance costs of those properties in accordance with Health and Safety Code Section 34181(a)(2). Section 5. Further Acts. the Oversight Board hereby authorizes and directs the Successor Agency to take any action necessary to carry out the purposes of this Resolution and comply with applicable law regarding the LRPMP and submittal of the LRPMP to DOF. 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 Oversight Board 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. APPROVED AND ADOPTED THIS 9h day of December, 2015. RobeffGonzales, Wairperson Oversight Board Successor Agency to the Former Redevelopment Agency of the City of Azusa ATTEST: Jeffr6y'LWKfice Comejj, Jr., Sgcrg&y Oversight Board Successor Agency to the Former Redevelopment Agency of the City of Azusa I HEREBY CERTIFY that the foregoing Resolution No. OB -21-15 was duly adopted by the Board Members of the Oversight Board of the City of Azusa at a special meeting thereof on the 16`h day of December, 2015, by the following vote of Board Members: AYES: BOARD MEMBERS: BARBOSA, HERNANDEZ, PARAGAS, ROMERO, DICKERSON, GONZALES NOES: BOARD MEMBERS: NONE ABSENT: BOARD MEMBERS: NONE (�2�/ Z-ea� J L ence Cornejo,,6., Se et Oversight Board Successor Agency to the Former Redevelopment Agency of the City of Azusa EXHIBIT A LONG-RANGE PROPERTY MANAGEMENT PLAN (Attached behind this cover page) J • City of Azusa Successor Agency Revised Long Range Property Management Plan I J' VICINITY MAP INDEX AND SUMMARY OF RECOMMENDATIONS version 4 - Revised December 2. 2015 Assessor Estimated ' Map Parcel Market Ref _Number Address Value Recommended Disposition 8605-019-906 1 8605-019-907 975 W. Foothill Blvd.D-Club $1,400,000 Sell on the open market. _ 2 8611-014-900 No Situs Azusa Ave. & 5 St. $288,000 Sell on the open market. Retain by the City of Azusa for governmental use as transit 3 8605-015-907 943 N. Vernon Ave. Transit Yard $0 vehicle storage lot. 4 8608-027-905 805 N. Dalton Ave. (Moritz) $195,000 Sell on the open market. 5 8608-027-906 803 N. Dalton Ave. Ramirez $169,000 Sell on the open market. 6 8608-025-902 826 N. Azusa Ave. Habern $144,000 Sell on the open market. 7 8608-027-907 810 N. Alameda Ave. $563,000 Sell an the open market. 8 8608-025-907 858 N. Azusa Ave. Choi $429,500 Sell on the open market. 8608-025-909 9 8608-025-910 832 N Azusa Ave. Va enas $216,000 Sell on the open market. 10 8608-025-908 830 N. Azusa Ave. Matson $72,000 Sell on the open market. 11 1 8608-027-908 809 N. Dalton Ave. O'Br ant $288,000 Sell on the open market. 8608-025-903 i No Situs 8608-025-904 ' No Situs 8608-025-905 801 N. Alameda Ave. Retain by the City of Azusa for governmental use as a park - 12 8608-025-906 812 N. Azusa Ave. $0 and -ride facility for the MTA Gold Line Station. 1403 N San Gabriel Cyn. Rd. Retain by the City of Azusa for governmental use as a 13 8684-019-900(Cunningham) $0 landscaped street median. 8680-028-910 8680-028-901 8680-028-903 ' 8680-028-904 No Situs (Senior Citizens Center Parking Retain by the City of Azusa for governmental use as parking 14 8680-028-908 Lot) $0 for Azusa Senior Citizens Center. Transfer to City to fulfill City's obligation under DDA with Charvet Family LLC. If Charvet does not exercise its purchase option by June 6, 2016, the property should be transferred back to the Successor Agency for sale on the 17511 E. Arrow Hwy. (Fowler/ELS open market and the proceeds remitted to County Auditor - 15 8621-024-905 O tion _$203,000 _ Controller for distribution to taxing entities. version 4 - Revised December 2. 2015 zus City of Azusa Successor Agency Revised Long Range Property Management Plan VICINITY MAP INDEX AND SUMMARY OF RECOMMENDATIONS version 4 - Revised December 2, 2015 Assessor - Estimated Map Parcel Market Ref Number Address Value Recommended Disposition 8608-029-909 728 N. Dalton Ave. 8608-029-908 726 N. Dalton Ave. Retain APN's 8608-029-909 and 8608-029-908 by the City of 8608-029-907 720 N. Dalton Ave. Azusa for governmental use as parking for Azusa Senior 8608-029-906 716 N. Dalton Ave. Center. Sell APN's 8608-029-907, 8608-029-906, 8608-029- 16 8608-029-904 714 N. Dalton Ave. $463,050 904 on the open market. 17 8608-029-910 303 E. Foothill Blvd. Zerbe $463,029 Sell on the open market. Retain by the City of Azusa for governmental use as parking 18 8611-003-921 No Situs(Block 36) $0 for Downtown businesses. Retain by the City of Azusa for governmental use as parking 19 8611-004-906 600 N. San Gabriel Ave. Gallant $0 for Downtown businesses. Retain by the City of Azusa for governmental use as parking 20 8611-004-907 604 N. San Gabriel Ave. Arenas $0 Downtown businesses. 8611-004-912 ---for Retain by the City of Azusa for governmental use as parking 21 8611-004-913 622 N. San Gabriel Ave. Miller $D for Downtown businesses. 22 8611-004-914 624-630 N. San Gabriel Ave. $1,600,000 Sell on the open market. Total Estimated Current Value $6,493,579 version 4 - Revised December 2, 2015 City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 ? ti pr Background Information u Map Reference 1 e Address 975 W. Foothill Boulevard > Assessor Parcel Number(s) 8605-019-906, 8605-019-907 e Current Zoning _ West End Light Industrial(OWL) e Lot Size 68,111 sf e Current Use _ Vacant entertainment/restourant with parking lot e Original Seller EAS Partners, James Redfern Trust, Helene Redfern Trust e Value of Property at Time of Acquisition $2,259,466 e Acquisition Oate _ October 16, 2006 e 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 on 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 o?rental income for the I 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.) 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" 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 36did not occur, development plans forthe property, including any the Agency entertained several informal proposalsfor 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 Plon'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 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 lof2 J■ q 40 U —h �= alp Background Information e Map Reference 2 e Address No Situs (S/E corner of Azusa Avenue & 5`^ Street) e Assessor Parcel Number(s) 8611-014-900 • Current Zoning Azusa Avenue Corridor(CAZ) e Lot Size 14,000 sf •- Current Use Vacant Lot • Original Seller _ _Clii fton and Lillie Moe Rogers • Value of Property at Time of Acquisition $57,260 a Acquisition Date lune 16, 1986 e Property History/Purpose for Acquisition The parcel was acquired in conjunction with the development of another Agency site on SoqAvenue. 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 1011 accepted property of equal value (including the subject parcel) as repayment of this loan. 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 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: S/E corner of Azusa Avenue & Sth Street 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 (Le., 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 • If No, would the property qualify for such a Brownfield designation? Yes No x Unknown None Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited In September 1997, the Agency authorized a 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 for public parking. Reuse Assessment and Recommended Action Describe the property's potential for transit- None. The property is not proximate to any tronsit-related focalities. 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 (W) 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 CC37 Page 1 of 2 GalO Ifir (fill Yb'[IF � yt gyg a I s� 0 p • A 7 � � f Background Information • Map Reference 3 • Address 943 North Vernon Avenue (Transportation Center) • Assessor Parcel Number(s) 8605-015-907 • Current Zoning - West End Light Industrial (DWL) • Lot Size 60,113 sf (1.38 acres) •Current Use Storage facility for City transit vehicles. • Original Seller City of Azusa • Value of Property at Time of Acquisition $1,615,877 • Acquisition Date July 2007 e 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 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 Yes No Have any environmental tests or assessments been 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 Na El - 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 for City 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 tight Industrial (DWCJ 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 r 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 sell 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,Revenu:e Is Agency receiving lease or rental income for the private use of the property? Yes ❑ No ED- • 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.) EA0porifttgntial Have any environmental tests or assessments been Yes ❑ No X ❑ 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 ElNo X site? • If No, would the property qualify for such a Yes ❑ No a Unknown ❑ Brownfield designation? Describe any remediation work performed on the None property. PreyiousDevelopment 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 _Assessrrtents 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 formixed 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 sholl be used to fulfill on 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 l�f 2 A. Background Information s Map Reference 5 • Address 803 N. Dalton Avenue e Assessor Parcel Number(s) 8608-027-906 o Current Zoning Downtown Transit Village District (DTV) e Lot Size 8,230 sf o Current Use Vacant commercial land and structure e Original seller Arthur B. and Anna M. Ramirez Family Trust e Value of Property at Time of Acquisition $2,150,000 • Acquisition Date May 27, 2008 e 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 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 on 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 forthe private use of the property? f Yes ❑ No X e 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 performed on the property? Yes xNo Phase 1 e,vironmen o/assessment on Marc , 2008. • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). • If Yes, describe thecurrentenvironmental No hazardous conditions identified. 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. 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 roil 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 Con troller for distribution to all relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan r--x•—.-� rain Page 1 of 2 ;�� J � j t L if � i V' �• cv � �s J Background Information • Map Reference a 6 • Address 826 N. Azusa Avenue • Assessor Parcel Number(s) 8608-025-902 • Current Zoning Downtown Transit Village District (DTV) e Lot Size 7, 000 sf • Current Use Vacant commercial lot • Original Seller Martin G. and Teresa Hobern • Value of Property at Time of Acquisition $980,000 • Acquisition Date 1une24, 2008 o Property History/Purpose for Acquisition This parcel was acquired by the Azusa Redevelopment Agency through a condemnation action. It was acquired as port of the larger Downtown North Redevelopment Project which envisioned possible commercial/retail/residential projects in conjunction with the construction of a regionollight 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 7,000 square feet. At $20.58 per square foot, the parcel hos 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 private use of the property? Yes ElNo 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 • 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 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 o 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 port 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/retoif/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 Xi. 3L,I i 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 27,360 sf ° 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 • Property 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/retaii/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 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 on 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 No private use of the property? x • 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 Both a Phase 1 an hose 2 envlronmeniol 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 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: Tne Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be sold. The proceeds shall be used to fulfill on 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 .n c- Ki¢1 � —_ � 'ifs. _ '• r _ i 4 _ Background Information e Map Reference 8 o Address 858 N. Azusa Avenue a Assessor Parcel Number(s) 8608-025-907 e -Current Zoning Downtown Transit Village District (DTV) o Lot Size 20,870 sf o Current Use ; Vacant commercial lot a Original Seller Howordloonho Choi and JanetleongjoChoi e Value of Property at Time of Acquisition $1,760,000 e Acquisition Date February 13, 2009 (Settlement Agreement dote). o Property 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 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 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 an 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 Revenue 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_ 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 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 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 shop be used tc fulfill on 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 10 FA 4 - M ` CO a coo Ca Background Information • Map Reference 9 • Add rens 832 N. Azusa Avenue • Assessor Parcel Number(s) 8608-025-909, 8508-025-910 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 10,500 sf • . Current Use Vacant commercial lot • Original Seller • Alexios and Toshio Vagenas Revocable Trust • Value of Property at Time of Acquisition $580,000 • Acquisition Date July 16, 2009 • Property HistorWurpose for Acou is it! on 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 passible 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 persquare 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 an estimated value of $216,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 832 N. Azusa Avenue Page 2 of 2 Agency Revenue Is Agency receiving lease or rental income for the private use of the property? Yes No ❑ I x I— • 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 These two 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 roil system station at this locotion. 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 alight roil 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 �_ ' Via. 'i�•.C: .. .i -i HSR 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 Vacontcommerciollot • 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 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 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 private use of the property? ❑ No • If Yes, indicate amount of Agency's annual S 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 Na 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 roll system station at this location. Reuse Assessment and,Recommeniied Actiori • 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 o light rail system linkage. • Describe the reuse potential of the property in ' The use of this parcel formixed 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 Controlierfor distribution to all relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan _ Page 1 of 2 ( _ - iA �., Background Information • Map Reference 11 • Address 1 809 N. Dalton Avenue • Assessor Parcel Number 8608-017-908 • Current Zoning Downtown Transit Village District (DTV) • Lot Size 14,OOOsf • Current Use Two (2) vacant residential structures • Original Seller Steven O'Bryont and Betty Westfall • Value of Property at Time of Acquisition $1,130,000 • Acquisition Date February 22, 2010 o Property History/Purpose for Acaulsition The Azusa Redevelopment Agency acquired this property pursuant to an Assignment Agreement with Lewis Investment Company, LCC ("Lewis") that was approved by the Agency on February 16, 2010. Lewis had negotiated the original purchase under the terms of on Exclusive Negotiating Agreement with the Agency for a proposed transit -oriented development. Prior to acquisition, this property consisted of two legal 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 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 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 on estimated value of $288,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 809 N. Dalton Avenue 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 Agencys 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 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 Unkncwn 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 pari of the Downtown oriented development. North Redevelopment Project which included a lightrail system linkage. • Describe the reuse potential of the property in The use of this porcef 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 Controllerfor distribution to all relevant taxing entities. City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 I F ��T p Background Information Map Reference 12 e Address 812 N. Azusa Avenue, 801 N. Alameda Avenue e 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 56,470 sf Current Use I Park-and-ride focility under construction Original Seller John R. and Lillian 0. Cortez Value of Property at Time of Acquisition $2,905,000 • Acquisition Date _ December 9, 2008 • 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/residentiol 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-levef 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 pork -and -ride facility for 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 retoined for governmental use as o 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 forthe rivate use of the property? Yes No x If Yes, indicate amount of Agency's annual i $ 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 Both Phase l on ase!! environmental assessments have 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 • If No, would the property qualify for such a Brownfield designation? Yes No Unknown x None Describe any remediation work performed on the property. Previous Development Proposals_ Describe any previously proposed or solicited These parcels were port 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 at this location. The properties ore now the location of the Gold Line park-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 roil park-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 thrs 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 park-and-ride facility). Pursuant to the City's MOU with Foothill Transit the City wilt 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 porking 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 z� Long Range Property Management Plan Page 1 of 2 4 y r is - to Background Information • Map Reference 13 • Address 1403 N. Son Gabriel Canyon Road e 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 Barr Vall, Inc. in 2001 • Value of Property at Time of Acquisition _1987, The acquisition of property from Barr Vail Inc. in 2001 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 August 23, 1987 (Cunningham), December 17, 1001 (Barr Vail, 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 o 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 Value 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 hos 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 Agency Revenue Is Agency receiving lease or rental income for the private use of the property? i Yes No x �- • If Yes, indicate amount of Agency's annual , $ _ rent/lease income _ __ • If Yes, describe essentiaontract provisions (i.e., l c 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 • If No, would the property qualify for such a Brownfield designation? Yes No x Unknown None. Describe any remediation work performed on the property. Previous Development Proposals Describe any previously proposed or solicited Since this parcel has been designated as a landscaped median, 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 Assessment and Recommended Action - -- • Describe the property's potential fortransit- Not applicable. oriented development. • Describe the reuse potential of the property in Current land use 1s fora pedestrion-accessible landscaped median terms of advancing the Successor Agency's island between the north and southbound lones 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 for governmental use as a pedestrian -accessible landscaped median. `- City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 ar Background Information • Map Reference 14 • Address No Addresses (Senior Citizens Center Parking) • Assessor Parcel Number(s) 8608-028-910, 901, 903, 904, 908 • Current Zoning Downtown Civic Center District(DCC) • Lot Size 42, 636 sf (combined) _ • Current Use Publicparking lotfor Azuso 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 Cityfunds, 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 hos no commercial market value because ii 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 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.) - 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 • If No, would the property qualify for such a Brownfield designation? Yes No x Unknown No. 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 a regional light rail system station in the Downtown 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 Current land use is fora 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 hos 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 tot 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 g-, _ M� Background Information • Map Reference 15 • Address _ 17511 E. Arrow Highway • Assessor Parcel Number(s) 8611-024-905 • Current Zoning South Azusa Avenue Corrldor (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 1011 accepted quitclaim deeds to these adjacent properties and subsequently entered into Disposition and Development Agreement (ODA) with The Charvat Family LLC which included o 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 (lune 6, 2015). 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 said unencumbered on the open market at $20.58 per square foot it would have on estimated value of $203,000. City of Azusa Successor Agency Long Range Property Management Plan Address: 17511 E. Arrow Highway 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 �5 ---rent/lease income e If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, restrictions/obligations, etc.) Environmental Have any environmental tests orassessmentsbeen 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 Describe any remediation work performed on the property. Previous Development Proposals 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 northeast corner of short-term and/or long-term lease/rental Azusa Ave. and Arrow Hwy. have been subject tofour different arrangements. proposals for commercial/retail development beginning in 2005. Reuse Assessment and Recommended Action • 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 porcel should be transferred to the City to fulfill the City's obligation under the terms of Charvet Family LLC 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/Controiler for distribution to all relevant toxing entities. - ' City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 y'_ t - U� r JIP Background Information • Map Reference 16 • Address 714, 716, 720, 726, 728 North Dalton Avenue • Assessor Parcel Number(s) 8608-019-904, 906, 907, 908 and 909 • Current Zoning Downtown Civic Center District (DCC) • Lot Size 37,500sf • Current Use Public parking lot forAzusa Senior Citizens Center • Original Seller All parcels purchased by City cf Azusa between July 1988 and October 2005. All parcels quit-claimed by the City to the Redevelopment Agency on February 5, 2008 (quitclaimed back to City on 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 Cine 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 Both 726 and 728 N. Dalton 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. These parcels therefore have no commercial market value. Based on a survey of vacant commercial property values in areas proximate to Azusa, it is estimated that 714, 716 and 720 N. Dalton parcels could collectively sell for approximately $20.58 per square foot. Estimated Current Value The parcels at 726 and 728 N. Dalton have no commercial market value because they are to be retained for governmental use as parking for the Azusa Senior Citizen's Center. The collective area of the 714, 716 and 720 N. Dalton parcels total 22,500 square feet. At $20.58 per square foot, the parcel has an estimated value of $463,050. 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 ElNo 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.) Environmental Have any environmental tests or assessments been YesElNo El 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? • If No, would the property quality for such a Yes ❑ No Unknown ❑ Brownfield designation? Describe any remediation work performed on the None. property. Pievious`Development Piopo"sols Describe any previously proposed or solicited These parcels were port 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.•ASsessm_ ent and! Recommended_ Acfign • Describe,the property's potential for transit- Not applicable. oriented development. • Describe the reuse potential of the property in Current land use is fora Senior Citizens Centerparking 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. The use of the parcels at 714, 716 and - 720 N. Dolton Ave. for mixed use commercial/retail/residential development is also consistent with the General Plan's Downtown Civic Center District (DCC) designation. • Recommended Action: The SuccessorAgency to the Azusa Redevelopment Agency has determined that 726 and 728 N. Dalton Ave. should be retained by the City for 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 necessaryfor maintenance may be conveyed to the City as a governmental use property. For the parcels at 714, 716 and 720 N. Dalton Ave., they should be sold and 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 Z6..� d '070• rp 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 Dalton 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 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 squarefoot. Estimated Current Value The area of the subject parcel totals 22,499 square feet. At $20.58 per square foot the parcel has an estimated value of $463,029. 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 ] • If Yes, indicate amount of Agency's annual s 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 El No Ll on the property? • If Yes, describe the work performed and dates Both Phase I and Phase 11 environmental assessments have been (i.e. Phase 1, Phase 2, borings, etc.). performed (April/May 2007). • If Yes, describe the current environmental No hazardous conditions identified. 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 Yes 1:1No El Unknown ❑ Brownfield designation? Describe any remediation work performed on the Removal of underground storage tank. property. P_rev7_oA4Apve6pment Proposals _ Describe any previously proposed or solicited This parcel was port 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 developersolicitotions to explore possible arrangements. commercial/retail/residential projects in conjunction with the construction of a regional light rail system station at this location. Reuse; As'sessment.and Recommended Action • 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 rail system linkage. • Describe the reuse potential of the property in The use of this parte! for mixed use commercial/retail/residential terms of advancing the Successor Agency's development is consistent with the General Plan's Downtown Civic planning objectives. Center District (DCC) 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 c IIL r _ 1 �a (- Background Information • Map Reference 17 • Address 303 E. Foothill Boulevard • Assessor Parcel Number(s) _ 8608-029-910, • Current Zoning Downtown Civic Center District(DCQ _ Lot Size 22,499 sf • Current Use Vacant loVPublic 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 • Prone rtV History/Purpose for Acau isition 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. 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 passible transit - oriented projects in conjunction with the new Metro Gold tine 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 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 22,499 square feet. At $20.58 per square foot, the parcel has an estimated value of $453,029. 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 1:1No El • 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 Both Phase f 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/May 2007). • 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 If No, would the property qualify for such a . Brownfield designation? Yes No unknownx Removal of un erground storage tank. 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 roil system station at this location. Reuse Assessment and Recommended Action = • 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 thatit would be incorporated into the Downtown 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 Civic planning objectives. Center District (DCC) 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 for future development and to the extent required by law at the time of sole the City will enter into a compensation agreement with the effected taxing entities. Per HSC 34181(a) (1), disposal of this parcel shall be done expeditiously and in a manner aimed at maximizing value. ° City of Azusa Successor Agency Long Range Property Management Plan Page 1 of 2 t _ _ 3b� It - wa p Background Information ° M22 Reference — _ _ j 18 • Address No Situs (Block 36) ° Assessor Parcel Number(s) 8611-003-921 • Current Zoning Downtown —Town Ce"L' ° Lot size 97,574 sf (Z.24 acres) ° Current Use Public parking ° Original Seller Various(seediscussioningPropertyHistory) •_ Value of Property at Time of Acquisition $3,324,366 (based on eneral Ledger)° Acquisition Date Various (see discussioning Property History)° Property History/Purpose for Acquisition In 2003, the Azusa Redevelopment Agenry began acquiring 11 parcels froproperty owners in the area on Azusa Avenue between 6th Street and Foothill Boulevard Identifred 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 Americo 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 ore to be retained for governmental use as parking for the Azusa Downtown businesses. The parcel itself is zoned for Downtown —Town Center (OTC). 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 n If Yes, indicate amount of Agency's annual I rent/lease income $ e If Yes, describe essential contract provisions (i.e., renter/lessee, term, rent calculations, I _ restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been performed on the property? Yes ElNo 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" Yes El site? If No, would the property qualify for such a designation? Yes ElNo Unknown El El Describe any remediation work performed on the property. Previous Development Proposals 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 2006-07fora 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 Assessment and Recommended Action • Describe the property's potential for transit- Not applicable. oriented development. e 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 (DTQ planning objectives. designation for this site. e Recommended Action: The Successor Agency to the Azusa Redevelopment Agency has determined that this parcel should be retained for governmental use as a 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 Pill ..r !� - n - " I' a 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 (bosed on Finance Dept. General Ledger) ° Acquisition Date June I8, 1992 • Property History/Purpose for Acouisition Over the years, the Redevelopment Agency acquired several parcels along North San Gabriel Avenue as they become 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 o public parking /at. 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 ore 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 oriental income for the Yes ❑ No use of the private property. _ e 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 i 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 ;Unknow]n Has the property been designated as a "Brownfield" Yes No• site? yes NoBrownfield If No, would the property qualify for such a designation? None. Describe any remediation work performed on the property. Previous Development Proposals 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 Assessment and Recommended Action = • Describe the property's potential for transit- Not applicable. oriented development. Describe the reuse potential of the property in Currentlend 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 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 1 of 2 ° • Background Information • Map Reference 20 • Address 504 North San Gabriel Avenue • Assessor Parcel Number(s) 8611-004-907, • Current Zoning Downtown— Town Center (DTC) • Lot Size _ 7, OOO sf • Current Use _ Public parking _ • original Seller I Marino & Hermilo Arenas • Value of Property_a_t Tim__e of Acquisition $128,548 (based on Finance Dept. General ledger) • Acquisition Date May 19, 1993 • Property History/Pu rpose for Aca uisiti on 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 Morch 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 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 (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" 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 Since this parcel hos 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 Assessment and Recommended Action - - • 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 (OTC) 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 Azuso for governmental use as a public facility (Azusa Downtown parking). Pursuant to H5C34191.3 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 Page 1 of 2 O Gail'_C� J • f 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 14,000 sf • Current Use Public porking • Original Seller _ Christine A. Miller • Value of Property at Time of Acquisition _ _ _ $391,420 (based on Finance Dept. General Ledger) • Acquisition Date October29, 2009 • Property History/Purpose for Acquisition 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 far 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 Agency Revenue 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.) Environmental Have any environmental tests or assessments been yes No performed on the property? x A Phase I environmental assessment on Sep em er 29, 2009. Also, • If Yes, describe the work performed and dates (i.e. Phase 1, Phase 2, borings, etc.). an 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 F7 No unknown If No, would the property qualify for such a Brownfield designation? x Asbestos reme Taboo was performed prior todemolition o the Describe any remediation work performed on the property. improvements on the site. Previous Development Proposals - -' Describe any previously proposed or solicited Since this parcel has been designated forpublic parking, no development plans for the property, including any development proposals hove been solicited or accepted. short-term and/or long-term lease/rental arrangements. Reuse Assessment and Recommended Action - 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 Pion'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 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 • Q 7 I -i t'� - Background Information • Map Reference 21 • Address 614 - 630 North San Gabriel Avenue • Assessor Parcel Number(s) 8611-004-914, • Current Zoning Downtown— Town Center (DTC) • Lot Size 14,000 sf(Building area: 8,000 sf) • Current Use Vacant Commercial Building • Original Seller _ JK Partnership - • Value of Propery at Time of Acquisition $2,002,065 (based on Finance Dept. General Ledger) o_ Acquisition Date April 10, 2009 e Property History/Puro ose fo r Acquisition Over the years, the Redevelopment Agency acquired several parcels along North Son Gabriel Avenue as they became available as port 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 offrce%ommercial property values in areas proximate to Azusa, it is estimated that the parcel could self for approximately $200.00 per square foot. This estimate reflects the low end of the range foroffice%ommercial 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 Agency Revenue Is Agency receiving lease or rental income for the _private use of the property? I 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, i restrictions/obligations, etc.) Environmental Have any environmental tests or assessments been performed on the property? Yes No X Both Phase I on ase Il environmental assessments have been • If Yes, describe the work performed and dates - (i.e. Phase 1, Phase 2, borings, etc.). performed (lonuary/Febrvary 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" 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. Previous Development Proposals -u 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 Recommended 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 comme•ciaVretail/residential rerms 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 CountyAuditor Controller for distribution to all relevant taxing entities.