HomeMy WebLinkAbout2010-06-22 - AGENDA REPORTS - 24522 MAIN ST ACQUISITION (2)4. -
Agenda Item:
CITY OF SANTA CLARITA
JOINT CITY COUNCIL / REDEVELOPMENT AGENCY
AGENDA REPORT
City Manager Approval:
CONSENT CALENDAR Item to be presented by: Armine Chaparyan
DATE: June 22, 2010
SUBJECT: ACQUISITION OF 24522 MAIN STREET, SANTA CLARITA, CA
91321 - APN 2831-006-003
DEPARTMENT: Community Development
RECOMMENDED ACTION
City Council: No action.
Redevelopment Agency:
Authorize the appropriation of $815,000 from available funds in the Redevelopment Agency
non -housing fund balance to Account 13400-5201.004.
2. Authorize Executive Director or designee to approve payments up to a maximum amount of
$815,000 for the acquisition and for all required costs related thereto and execute all required
documentation to complete the acquisition of 24522 Main Street, Santa Clarita, CA 91321
(Assessor Parcel 2831-006-003), subject to review by the Agency Attorney.
BACKGROUND
In April 2010, the Redevelopment Agency (Agency) entered into negotiations to purchase 24522
Main Street, Santa Clarita, CA. The subject property represents a unique opportunity to acquire
property from a willing seller adjacent to other Agency owned property. The subject property is
ideally situated at the intersection of Lyons Avenue and Railroad Avenue and is a gateway
property into Old Town Newhall.
The site consists of 14,690 +/- square feet of property, and includes a 5,000 square foot building,
which is currently vacant. This proposed acquisition will facilitate implementation of the goals of
the Downtown Newhall Specific Plan and any future development will remove the existing
blighting conditions. The subject property is adjacent to the future Old Town Newhall Library
and across the street from a full block of property owned by the Agency. Future development of
this property will create great synergy for the Agency and Old Town Newhall. A map showing
the property site is attached.
The purchase price negotiated for the property is $775,000 and an additional $40,000 is needed
for title research, appraisal, environmental reports, escrow, and issuance of a policy for title
insurance. In addition, this acquisition has been found in compliance with Government Code
Section 65402 regarding general plan consistency.
ALTERNATIVE ACTIONS
1. Agency may direct staff to cease the acquisition effort.
2. Other actions as determined by the Agency or City Council.
FISCAL IMPACT
Authorize the appropriation of $815,000 from available funds in the Redevelopment Agency
non -housing fund balance to Account 13400-5201.004.
ATTACHMENTS
Aerial Map
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