REQUEST FOR CITY COUNCIL ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
SUBMITTED BY: Sean Joyce, Interim City Manager
VIA: Ursula Luna-Reynosa, Director of Community Development
PREPARED BY: Steve Holtz, Deputy Director of Community Development
Subject:
title
Approve and authorize execution of an Agreement for Sale of Surplus Real Property by and between the City of Huntington Beach and Bonanni Development Company for the sale of City-owned property located near Holly Lane and Main Street (APN 159-281-04)
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Statement of Issue:
On May 5, 2022, the City Council declared a 2,846 square foot City-owned parcel located near Holly Lane and Main Street (APN 159-281-04) (the "Property") to be "excess surplus land" pursuant to the California Surplus Land Act (Government Code 54221(f)(1)(B). The City Council is now asked to consider selling the Property to the adjacent property owner, Bonanni Development Company (the "Buyer").
Financial Impact:
The appraised fair market value of the property is $16,875. If the sale of this property is approved and the transaction closes escrow, this revenue will be deposited to the General Fund.
Recommended Action:
recommendation
Authorize the Mayor and City Clerk to execute an "Agreement for Sale of Surplus Real Property by and Between the City of Huntington Beach and Bonanni Development Company IV" (the "Agreement") and all other related documents to convey ownership of the Property to the Buyer.
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Alternative Action(s):
Do not approve the recommended action.
Analysis:
The Property is of varying width between approximately 10 feet and 14 feet and is approximately 280 feet long for a total area of approximately 2,846 square feet. The parcel is bounded by private property to the north and south. See Attachment 1 for a site map.
The Property was acquired by the City in 1964 to allow Standard Oil Company to lay an oil pipeline and is encumbered with a utility easement to the benefit of Standard ...
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