Deed - Davis St Fire Station (1040) - File 211, 1946

Home

Surplus Property Disposition Page 2 of 3 building condition. The two City parcels will be transferred to the Agency and be marketed and sold together via the RFP process. Zoning allows for commercial or residential on the property, under certain conditions. It is in the Plaza Project Area. The Agency will reimburse the City its share of the purchase price out of the eventual sale proceeds. 1103 Davis Street This property was sold in 1999 by the Agency to Davis Street Community Center (DSCC), which used a CDBG loan of $214,914 for acquisition. Although DSCC has quitclaimed back the property, the CDBG obligation remains attached to the property. The Agency has the responsibility to find another buyer for the property who will a) use it for a CDBG-qualified use so that the community benefit restrictions stay on the property, or b) pay full market value so that the Agency can reimburse the CDBG investment and remove the restriction on the property. The half -acre sized property was appraised at $520,000 in February 2003, with residential considered the highest and best use. Zoning allows for commercial or residential on the property, under certain conditions; it is in the Plaza Project Area. The property will be marketed and sold via the RFP process. 2101 Marina Boulevard This small property has not yet been appraised and is in use by the City for storage. It is in the West San Leandro -MacArthur Boulevard Project Area. Following an appraisal and input from the West San Leandro Redevelopment Advisory Committee, staff will recommend a process for its disposal. Currently it is not as ready to be developed as the other two sites, and it is not recommended to be included in the RFP. Zoning allows for commercial or residential under certain conditions. _Current City Council Policy N/A. Previous City Council Action(s) In June 1999, the City Council/Agency Board approved the Disposition and Development Agreement with Davis Street Community Center for 1103 Davis Street, which has since been nullified. In January 2003, Agency staff was directed to prepare an appraisal for the property, which is complete. City Council Committee Review and Action The Facilities Committee reviewed this item as it related to 1016-1040 Davis and 2101 Marina on July 22 and directed staff to bring it to the full Council. The Business Development Committee reviewed this item as it related to 1048-1052 Davis and 1103 Davis on July 23 and directed staff to bring it to the full Agency Board. Applicable General Plan Policy The Planning Commission made of finding of conformity with the General Plan for the transfer of 1016-1040 Davis on July 10 and for the transfer of 2101 Marina on September 11.