4 - SA PH RESO PURCHASE OF 830 PARTON ST

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Public Hearing — Purchase and Sale Agreement for Property at 830 N. Parton Street October 17, 2017 Page 2 with the Dissolution Act and the California Supreme Court's decision in California Redevelopment Association v. Matosantos, Case No. S194861, the Agency was dissolved and the City began to serve as the "Successor Agency." The City Council serves as the governing body of the Successor Agency under the Dissolution Act as amended by AB 1484, AB 471, and SB 107, to administer the enforceable obligations of the Agency and otherwise unwind the Agency's affairs. All actions of the Successor Agency are subject to the review and approval by the Oversight Board. Health and Safety Code section 34191.5(b) required all successor agencies to prepare a Long Range Property Management Plan (LRPMP) that addresses the disposition and use of all real properties of the former redevelopment agency, and to submit the plan to the California Department of Finance (DOF). The Successor Agency submitted the initial LRPMP on May 26, 2015, and a revised plan was re -submitted on October 4, 2015 with the inclusion of changes as directed by DOF (Exhibit 1). DOF approved the revised LRPMP on December 18, 2015. Among the properties identified in the LRPMP is the property located at 830 N. Parton Street, APN 005-142-21. The property is a remnant parcel approximately 3,929 sq. ft. in size in the Professional (P) zoning district (Exhibit 2). This property has been licensed to the adjacent property owner to the north for use as a parking lot since 2003 and the license is currently on a month-to-month basis. The original owners of the adjacent property were Robert C, Politiski and Noreen S. Politiski. Ownership has since transitioned to the Marital Trust of the Politiski Trust dated December 4, 2000. The LRPMP states that the disposition plan for the parking lot is to sell the property, with the proceeds from the sale submitted to the County of Orange, Auditor -Controller for distribution to recipient taxing entities. The Successor Agency obtained a fee simple appraisal for the property on November 10, 2016 and the market value is $155,000 (Exhibit 3). Marianne P. Covington, Ridley J. Politiski and Michael P. Politiski, as Trustees of the Marital Trust of the Politiski Trust dated December 4, 2000 has agreed to pay the appraised value to acquire the property and the purchase will allow them to consolidate the ownership of the entire parking lot on the block. Staff recommends approval of the sale to be in compliance with the Dissolution Act and move forward with the disposition of real property to wind down the Agency's affairs. If approved, the purchase and sale agreement and joint escrow instructions will be submitted to the Oversight Board for approval on October 25, 2017. ENVIRONMENTAL COMPLIANCE In accordance with the California Environmental Quality Act (CEQA), the sale of surplus government property is categorically exempt from CEQA per Section 15312. Categorical Exemption Environmental Review No. 2017-125 will be filed for this project. SA4-2