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 089-201-32 (Property) listed as Property Number 54 in the LRPMP.  The Property is triangular shaped land area of approximately 675 square feet (.015 ac).  It is a remnant, vacant parcel, improved with a fire hydrant (Exhibit B).

The remnant Property is located on the north side of Acacia Parkway, beginning approximately 140 feet east of Nelson Street, a level planter of which the westerly boundary is improved with a six-foot block wall adjacent to residential use, the northerly boundary is open to a private road, and the southerly boundary abuts the City’s public right-of-way.  With the remnant parcel improved with a fire hydrant adjacent to the public right-of-way, the continuation to an open and direct fire hydrant access is critical for public health and safety. An appraisal by an independent professional appraiser determined the Fair Market Value to be $3,500.00. The appraisal report is attached as (Exhibit C).

It is recommended that City Council approve and accept transfer of the Property from the Successor Agency.  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 joint action by Successor Agency and the City, 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 $3,500.00, and funds are available in the adopted budget.

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 any pertinent documents needed to effectuate the disposition/transfer and make minor modifications as needed, on behalf of the City; and,

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 of Acacia Parkway, between Nelson and Main Street; and,

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