Following redevelopment dissolution in 2012, furthering redevelopment wind-down efforts require the Successor Agency to dispose of the real property assets of the former Garden Grove Agency for Community Development (former Agency). This is achieved through implementation of the approved Long Range Property Management Plan (LRPMP) by the Department of Finance that governs the disposition method for the former Agency properties.

Subject property is identified as Assessor Parcel Number 100-504-74 (Property) listed as Property Number 49 in the LRPMP.  The Property is a remnant, vacant, long and narrow land area comprised of approximately 1,481 square feet (.034 acres) and part of an existing public alley right-of-way (Exhibit B).

The remnant Property is located on the north side on a portion of a public City alley, east of Rockinghorse Road and South of Garden Grove Boulevard, improved with a raised planter of which the southerly boundary abuts a public alley and the northerly boundary is improve with a six-foot block wall adjacent to residential use. As part of an existing public alley right-of-way, the additional land area would continue to assist with vehicular circulation. An appraisal by an independent professional appraiser determined the Fair Market Value to be $500.00. The appraisal report is attached as (Exhibit C).

It is recommended that the Successor Agency adopt a Resolution to approve transfer of the Property to the City.  The transfer and disposition of this Property is exempt from the Surplus Land Act as it is less than 5,000 square feet in land area.  Following consideration by the Successor Agency, concurrence and approval of the disposition by the Oversight Board and the State Department of Finance is required.

The cost of the disposition/transfer will be $500.00 from the City’s General Fund, and is available in the adopted budget.

It is recommended that the Successor Agency Board:

• Adopt the Resolution approving the disposition/transfer between the City and the Successor Agency for the Property located on the north side on a portion of a public City alley, east of Rockinghorse Road and South of Garden Grove Boulevard; and,

• Authorize the Executive Director and Successor Agency Secretary to execute the Grant Deed, any pertinent documents needed to effectuate the disposition/transfer and make minor modifications as needed, on behalf of the Successor Agency.

It is recommended that the City Council:

• Authorize the City Manager and City Clerk to execute the documents required to accept the Grant Deed and pertinent documents needed to effectuate the disposition/transfer and make minor modifications as needed, on behalf of the City.