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Home My WebLink AboutSA_2014-001_ResolutionRESOLUTION NO. SA 2014-001 RESOLUTION OF THE SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF ATASCADERO, ORDERING THE TRANSFER OF ASSETS TO THE CITY OF ATASCADERO PURSUANT TO SECTION 34181 (a) OF THE CALIFORNIA HEALTH AND SAFETY CODE WHEREAS, pursuant to Section 34191.5 of the California Health and Safety Code, the City Council of the City of Atascadero, as Successor Agency to the Atascadero Redevelopment Agency ("Successor Agency"), has prepared a Long -Range Property Management Plan for purposes of submission to the State Department of Finance ("DOF"), the San Luis Obispo County administrative officer ("County Administrative Officer"), and the San Luis Obispo County Auditor -Controller ("County Auditor"); and WHEREAS, the Oversight Board to the Successor Agency to the Community Redevelopment Agency of Atascadero has approved the Long -Range Property Management Plan; WHEREAS, the Successor Agency has approved, with an amendment from the Oversight Board, the proposed Long -Range Property Management Plan; WHEREAS, the DOF approved the Agency's use or disposition of all of the real properties listed on the Long -Range Property Management Plan; WHEREAS, the DOF noted that Property No. 2 at 6550 El Camino Real and Property No. 7 located in the downtown area do not meet the definition of "real property" and do not need to be included in the Long -Range Property Management Plan; WHEREAS, the DOF noted that Property No. 3, No. 5, No. 6 and No. 8 are improvements made to City owned property, and because the City owns fee title to the real property on which the improvements were made it was not necessary to list the improvements on the Long -Range Property Management Plan; and WHEREAS, the Successor Agency desires to effectuate DOF's recommendations regarding the Long -Range Property Management Plan and to dispose of the personal property and improvements that had been erroneously listed in the plan; NOW, THEREFORE, BE IT RESOLVED by the Successor Agency to the Community Redevelopment Agency of Atascadero as follows: Section 1.The Successor Agency hereby acknowledges and concurs with the DOF's response (Exhibit A) to the Long -Range Property Management Plan (Exhibit B). Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 2 of 18 Section 2. Upon approval by the Oversight Board, the Successor Agency, pursuant to iAW Section 34181 (a) of the California Health and Safety Code, will transfer to the City of Atascadero at no cost the personal property and improvements identified on the Long -Range Property Management plan as Property No. 3, No. 5, No. 6, No. 7 and No. 8. Section 3. Upon approval by the Oversight Board, the Successor Agency, pursuant to Section 34181 (a) of the California Health and Safety Code, will contract for the demolition of the personal property identified on the Long -Range Property Management plan as Property No. 2 and will pay for such demolition as indicated on the Required Obligation Payment Schedule 14- 15A (ROPS 14-15A), if and when this item on the ROPS 14-15A is approved by the Successor Agency, the Oversight Board, and the DOF. PASSED AND ADOPTED by the Successor Agency to the Community Redevelopment Agency of Atascadero on the 11th day of February 2014, by the following vote: AYES: Council Members Fonzi, Kelley, Moreno, Sturtevant, and Mayor O'Malley NOES: None ABSENT: None ADOPTED: February 11, 2014 SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT Tom O'Malley, Mayor ATTEST: Marcia McClure Torgerson, C.M.C., Ci Clerk APPROVED AS T ORM: Brian A. Pierik, City Attorney Successor Agency to the Community Redevelopment Agency of Atascadero If t4IR%plution No. SA 2014-001 40%ge'0 Vf 18 EXHIBIT: A R Z W Ill n I o tK DEPARTMENT OF EDMUND 13. BROWN JR. ■ GOVERNOR oil IFOVO4%, F I N A N C E 91 5 L STREET ■ SACRAMENTO CA ■ 95814-3706 ■ WWW.DOF.CA.GOV January 17, 2014 Ms. Rachelle Rickard, Director of Administrative Services City of Atascadero 6907 EI Camino Real Atascadero, CA 93422 Dear Ms. Rickard: Subject: Long -Range Property Management Plan Pursuant to Health and Safety Code (HSC) section 34191.5 (b), the City of Atascadero Successor Agency (Agency) submitted a Long -Range Property Management Plan (LRPMP) to the California Department of Finance (Finance) on August 15, 2013. Finance has completed its review of the LRPMP, which may have included obtaining clarification for various items. The Agency received a Finding of Completion on March 8, 2013. Further, based on our review and application of the law, we are approving the Agency's use or disposition of all the real properties listed on the LRPMP. However, Finance notes the following: ifto• Property No. 2, 6550 EI Camino Real and Property No. 7 Located throughout downtown area, do not meet the definition of real property. For Property No. 2, the City of Atascadero owns the land while the Agency owns the structure on the land. Property No. 7, these are way -finding signs located throughout downtown. Since the structure and signs are moveable, they are technically considered personal property. HSC section 34191.5 (b) states that only the Agency's real property is required to be listed in the LRPMP. As such, it was not necessary to list Property No. 2 and No. 7 in the LRPMP. • Property No. 3, No. 5, No. 6, and No. 8 are improvements made to City owned property. Since the City is owns fee title to these properties, it was not necessary to list them on the LRPMP. In accordance with HSC section 34191.4, upon receiving a Finding of Completion from Finance and approval of a LRPMP, all real property, and interests in real property shall be transferred to the Community Redevelopment Property Trust Fund of the Agency, unless that property is subject to the requirements of an existing enforceable obligation. Pursuant to HSC section 34191.3 the approved LRPMP shall govern, and supersede all other provisions relating to, the disposition and use of all the real property assets of the former redevelopment agency. Agency actions taken pursuant to a Finance approved LRPMP are subject to oversight board (OB) approval per HSC section 34181 (f). Any subsequent OB actions addressing the Agency's implementation of the approved LRPMP should be submitted to Finance for approval. Successor Agency to the Community Redevelopment Agency of Atascadero I. 04k1Re-'Ki9RWo1 ,�`ABArl1P, 2014 EXHIBIT: A Page Please direct inquiries to Wendy Griffe, Supervisor, or Jenny DeAngelis, Lead Analyst at (916) 445-1546. Sincerely, JUSTYN HOWARD Local Government Consultant cc. Ms. Jeri Rangel, Deputy Director of Administrative Services, City of Atascadero Ms. Barbara Godwin, Property Tax Manager, County of San Luis Obispo Ms. Elizabeth Gonzalez, Bureau Chief, Local Government Audit Bureau, California State Controller's Office California State Controller's Office Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 5 of 18 EXHIBIT: B LONG-RANGE PROPERTY MANAGEMENT PLAN CITY OF ATASCADERO SUCCESSOR AGENCY Prepared By: osmon companies KOSMONT COMPANIES 865 S. Figueroa Street, #3500 Los Angeles, CA 90017 Telephone: (213) 417-3300 www.kosmont.com JUNE 2013 R Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 6 of 18 Table of Contents EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 2 of 14 Section Page 1.0 Introduction ................................ ............................................................... 3 2.0 Long -Range Property Management Plan ....................................... Asset #1: 6901 EI Camino Real ......................................................... Asset #2: Portable Building................................................................ Asset #3: Parking Lot Paving............................................................. Asset #4: Construction Access Easement ......................................... Asset #5: Sunken Garden Improvements .......................................... Asset #6: Zoo Improvements............................................................. Asset #7: Wayfinding Signs............................................................... Asset #8: Maiden Statue Repairs....................................................... 3.0 Appendices .......................... ................................ 4 ................................ 7 ................................ 7 ................................ 8 ................................ 9 ..............................10 ..............................11 ..............................12 .............................13 .............................14 The anatyses, projections, assumptlons, rates of return, and any examples presented herein are for iilustrative purposes and am nata.guarantee of actual and/or tuture results. Project pro forma antl tax analyses ere projections t, RA,only. Actual resutis may differ materis8y from those expressed in this analysis_ kOS1T101»,� 865 South Fgueroa Street, 35th Floor Los Angeles Calrftxnia 90017 ph 213.417.3300 fax 213:417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 7 of 18 1.0 Introduction 1.1 Background & Purpose EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 3 of 14 Health and Safety Code Section 34191.5, added by AB 1484 (signed into law on June 27, 2012), requires each Successor Agency ("SA") to prepare and approve a Long -Range Property Management Plan ("LRPMP") that addresses the disposition and use of the real properties of the former redevelopment agency. Properties held by a successor agency cannot be disposed of until the State Department of Finance ("DOF") has approved the LRPMP. This document is the LRPMP for the Successor Agency to the former Atascadero Community Redevelopment Agency. 1.2 Successor Agency Asset Summary There are eight (8) assets owned and controlled by the Successor Agency. Only one of the assets (Asset #1 in the list that follows) is a property that includes fee simple land. This property is designated to be liquidated through a disposition process. The remaining seven (7) assets include one (1) easement agreement and six (6) property improvements that are located on property owned by the City of Atascadero. �9 The analyses, projections, assumptions, rates of return, and any examples presented herein are for illustrat ve purposes and are not a guarantee o1 actual andfor future results. Project pro forma and tax anaN/ses are projecti�s only Actual resul#s may differ materia5y from those expressed in this analysis. h(jSil11Ci1p �5 South Figueroa Street, 38th Floor Los Angeles Cal forma 90017 ph 213.417.3300 fax 213.417.3311 I" fmt Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 8 of 18 EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 4 of 14 2.0 Long -Range Property Management Plan (PMP) Asset #1: 6901 EI Camino Real APN 029-361-045 Lot Size my RA r Atascadero qk 4p l Commercial) C (Down, City Boundary Downtown (D) iurrent itl t = Former i ecf Brit Agency - Commercial building, currently used as a temporary City Hall facility; 31,436 �1 square feet jr Property #1 APN 029-361-045 Lot Size 2.26 aores Use Temporary City Hall Zoittrr g _ ::..:.:.. . l Commercial) C (Down, General Plan Downtown (D) iurrent itl t = Former i ecf Brit Agency Commercial building, currently used as a temporary City Hall facility; 31,436 Building square feet The analyses, projections, assumptions, rates of return, and any examples presented herein are for illustrative purposes and are not a guarantee of actual andlor fuhue results. Project pro forma and tax analyses are projections 7 only. Actual results may differ materially from those expressed in this anatysis. 1io5171C}�ll W5 South Figueroa Street, 35th Floor Los Angeles California 94017 ph 213.417.3340 fax 213.417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 9 of 18 EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 5 of 14 Purchase Price $2,984,661 (includes and rehabilitation costs) Purpose Revitalization: Improvement of Retail District E rtnate of Current Value $1.26 to $1.63 rnfllicin Method of Valuation Broker Opinion of Value provided by Kosmont Realty Corp. �I The analyses, projections, assumptions, rates of return, and any examples presented herein are for illustrative purposes and are not a guarantee of actual and/or future results. Project pro forma and tax analyses are projections only. Actual results may differ materially from those expressed in this analysis. osmon 865 South Figueroa Street, 35th Floor LosAngeles California 90017 ph 213.417.3300 fax 213.417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 10 of 18 EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 6 of 14 Continued public service as temporary City Hall for next 3 — 9 Agency Planning Objectives months, then disposition to -be -selected private owner that will attract retail user(s) Asset #2: Improvements — Portable Building The analyses, prgectorB, assumptons, rates of return, and any examples preserrted herein are for illustrat ve Purposes and are rpt a guarantee of actual andlar future results. Protect pro forma and tax analyses are Projections only. Actual resuks may differ materially from those expressed in this analysis. ILS TlltJll ✓5 South Figueroa Street, 35th Floor Las Angeles Cal forma 90017 ph 213.477.3300 fax 213.417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 11 of 18 EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 7 of 14 Current Title Improvements: Former Redevelopment Agency Land: City of Atascadero BualdinglSii t?artablebuillff t y vacant; approximately 590 square feet Purchase Price $10,400 Funding Soura Tai increment 1 public Purpose Office space originally used for Chamber of Commerce and subsequently used by Main Street, a non-profit corporation. The analyses, projections, assumptions, rates of return, and any examples presented herein are for illustrative purposes and are not a guarantee of actual and/or future results. Project pro forma and tax analyses are projections only. Actual results may differ materially from those expressed in this analysis. kO!; 2Y O n . 865 South Figueroa Street, 35th Floor Los Angeles California 90017 ph 213.417.3300 fax 213.417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 12 of 18 Asset #3: Improvements — Parking Lot Paving EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 8 of 14 Current Title Land: City of Atascadero Improvelm�s:'; I prtait p on City -'p ed parkin of {aha m tely 16,0(�il square feet] Improvement Price $215,944 Fun►in9 Source Tax Increment / public Purpose Maintenance of parking lot that supports Downtown amenities The ana{yses, projections, assumptions, rates of return, and any exampEes presented herein are for illustrative purposes and era rxst a guarantee of actual and/or future results. Project pro forma anis tax anayses are projections only_ Actual results may differ materially from those expressed in this analysis. koSmon 865 South Figueroa Street, 35th Floor Las Angeles Calrfornia 9001T ph 213.417.3300 fax 213.417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 13 of 18 Asset #4: Easement — Construction Access Current Title Land: City of Atascadero EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 9 of 14 Easement Price $60,000 'Funding riding ourc� Tax increment 1 pub -lit, Purpose Access to neighboring bridge to conduct repairs. The analyses, projections, assumptions, rates of return, and any examples presented herein are for illustrative purposes and are not a guarantee of actual and/or future results. Project pro forma and tax analyses are projections only. Actual results may differ materially from those expressed in this analysis. QsM. � !65 South Figueroa Street, 35th Floor LosAngetes California 90017 ph 213.417.3300 fax 213.417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 14 of 18 Asset #5: Improvements — Sunken Gardens Current Title Land: City of Atascadero EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 10 of 14 Improvement Price $1,242,766 TUnding Source Tax increment / publi Improvements to a City -owned park that is located in the former Purpose Project Area such as sidewalk, streetscape, turf and irrigation improvements. The analyses, project ons, assumpt ons, rates of return, and any examples presemed herein are for illustra#ive purposes and are not a guarantee of actual andla future results. Protect pro forma and tax analyses are project ons only. Actual resuks yd materially from those expressed in this analysis. riClSll1011 885 South Figueroa Street, 35th floor Los Angeles Cal fornia 90017 ph 213.417.3300 fax 213.417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 15 of 18 Asset #6: Improvements —Zoo Current Title Land: City of Atascadero EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 11 of 14 Improvement Price $1,097,012 Funding Source Tax increment 1 public arrrnness Improving a City -owned zoo located adjacent to the former The analyses, prgections, assumpt ons, rates of return, and any examples presented herein are for illustrat ve purposes and are net a guarantee of actual andlor futwe results. Project pro forma and fax analyses are projections only. Actual resuks may differ materialty from those expressed in this analysis. ri()SrI1011 865 South Figueroa Street, 35th Floor Los Angeles Cal forma 94417 ph 213.417,3340 fax 213.417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 16 of 18 Asset #7: Improvements — Wayfinding Signs Current Title Land: City of Atascadero EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 12 of 14 Improvement Price $12,082 Fundingsoaurce :.Tax increment'/ public Purpose Installation of wayfinding signs located in the former Project Area The analyses, projections, assumpt ons, rates of return, and any examples presented herein are for illustrat ve puipose5 and era not aguarantee of actual andlor tuture results. Project pro forma and tax analyses are projections only. Actual results may differ materially from those expressed in this analysis. ko S mons 865 South Figueroa Street, 38th Floor l os Angeles Cal �ornia 90017 ph 213.417.3300 tax 213:417.3311 Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 17 of 18 Asset #8: Improvements — Maiden Statue Repairs EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 13 of 14 Current Title Land: City of Atascadero Improvement Price $104,273 Purpose Repairing a City -owned statue located in the former Project Area The analyses, projections, assumptions, rates W return, and any examples presented herein are for i3lustrative purposes and era not a guarantee of actual and/or future results. Project pro farina antl tax analyses era projections only. Actual resin#s may differ materisNy from those expressed in this anatysis. kQSIT10 tSSouthFigueroaStreet,35thFloor tosAngeles Calfornia 90017 ph213.417.33ao taxzts.ati.ss i Successor Agency to the Community Redevelopment Agency of Atascadero Resolution No. SA 2014-001 Page 18 of 18 3.0 Appendices EXHIBIT: B Long -Range Property Management Plan City of Atascadero Successor Agency June 2013 Page 14 of 14 Appendix A: Relevant Sections of Community Redevelopment Agency Redevelopment Plan — May, 2003 (Originally Adopted July, 1999) Section 720 — GOALS. OJECTIVES AND PROGRAMS FOR INITIAL PLAN The Agency's goals and objectives for the initial Implementation Plan for the Atascadero Redevelopment Project shall be as follows: 720.1 Improvement of the Downtown Area which is generally bounded by Highway 101, Highway 41, Bajada Avenue and Rosario Avenue. Potential project include the following: [Subset List] Expansion of entertainment facilities in the downtown including the expansion of the existing movie theater. The Agency will encourage and target entertainment facilities in the downtown to encourage public gatherings and informal uses of public spaces. Encouragement will include marketing for targeted uses, assisting in project planning and other activities to promote private investment. The Agency will also encourage the expansion of the existing theater complex in the downtown. The goal will be to continue to have the complex a community focal point, draw people to the downtown and expand the experience they have, maintain the facility in the downtown. Addition of anchor tenants to increase activity in the downtown. This project will include the Agency assisting in the attraction of major downtown tenants to stabilize the retail mix. The Agency may assist in marketing, planning and investment consistent with the Redevelopment Plan to capture tenants that will attract people to downtown. These tenants would include restaurants, entertainment and retail that attract people by the name of business practices. Improvements of and additions to the downtown streetscape. This project includes the improvement of public infrastructure to promote a downtown pedestrian atmosphere. Improvements include new sidewalks, street trees, landscaping, benches, waste cans, signs, etc. Fagade Improvements in the downtown to capitalize on Atascadero's character and improve the retail/pedestrian atmosphere. In this project, the Agency would work with individual property owners to improve the exterior appearances of buildings. Consistent with Downtown Master Plan, a design theme will be promoted to accentuate the Atascadero Colony and improve the pedestrian, retail climate. Participation will include fagade easements, loans, designs, fee wavier etc. Aggregation of sites and buildings for a maior employment, office or retail user. The Agency will assist major employers in locating suitable sites. This may include joining multiple properties to provide and appropriate sized parcel. The Agency will first look to the downtown area. FAM The analyses, projections, assumptions, rates of return, and any examples presented herein are for illustrat ve purposes and are rwt a guararaea of actual and/w future results. Project pro forma and tax anatyses are projections only. Actual resuks may diger. materially from those expressed in this analysis. kosznon 865 South Figueroa Street, 35th Floor Los Angeles California 90017 ph 213.417.3300 fax 213.417.3311