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STRATEGIC OUTCOMES |
ACTION |
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Department: |
☐ Safe & Prosperous |
☐ Motion |
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City Administration |
☐ Active & Appealing |
☐ Resolution |
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☒ Respected & Responsible |
☐ Ordinance - Introduction |
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Division: |
☐ Connected & Engaged |
☒ Ordinance - Adoption |
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Economic Development |
☐ Unique & Creative |
☐ Public Hearing |
TITLE:
title
Declare Real Property Surplus and Authorize Sale: 150 N. Madison Avenue and 120 N. Main Street
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SUMMARY RECOMMENDATION:
Summary Recommendation
Declare vacant City of Yuma-owned real property surplus and authorize the sale through a request for proposal (RFP) process (or other competitive process) for the City-owned properties located at 150 N. Madison Avenue and 120 N. Main Street. (Economic Development) (Jeff Burt)
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STRATEGIC OUTCOME:
This action supports City Council’s Respected and Responsible strategic outcome as the sale of surplus City property brings the City revenue, creates infill development opportunities for private development, converts unused parcels to a productive use, and generates property tax revenue for the City, school district, and other taxing entities.
REPORT:
The City owns the vacant parcels located at 150 N. Madison Avenue (Parcel 1) and 120 N. Main Street (Parcel 2). The City acquired Parcel 2 which included an office structure. The building was renovated and used to house the City’s Financial Services and Human Resource Departments until they were relocated to the new City Hall in 2002. Parcel 1 was acquired by the City in furtherance of North End Redevelopment.
Since 2005, the subject parcels were encumbered under a Master Development and Disposition Agreement which the parties terminated pursuant to a partial termination agreement in July 2022. Parcel 1 consists of approximately 52,607 square feet and Parcel 2 totals 14,404 square feet. Both parcels of real property are no longer required by the City and can be returned through a competitive process to private ownership and placed on the property tax roll.
It is contemplated the parcels will be offered for sale to the public utilizing a project-based request for proposal (RFP) or other competitive process, each subject to a real property sale and development agreements to be approved by City Council resolution. The agreements will include the terms relating to the timing of development as well as other development requirements, the purchase price and closing instructions. General Plan Conformity Reports will be prepared for the parcels to confirm the proposed uses of the parcels are in conformance with the City’s General Plan. The RFP or other competitive process will allow City Council to base its award decision on a project basis and to consider uses most suitable to downtown redevelopment.
The return of Parcel 1 and 2 to the tax rolls will be in the best interest of the public as the properties are no longer needed by the City and create ongoing maintenance requirements including insurance.
The attached proposed ordinance declares Parcel 1 and Parcel 2 surplus and authorizes City staff to proceed with the sale of the properties as described.
FISCAL REQUIREMENTS:
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CITY FUNDS: |
$ 0.00 |
BUDGETED: |
$ 0.00 |
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STATE FUNDS: |
$ 0.00 |
AVAILABLE TO TRANSFER: |
$ 0.00 |
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FEDERAL FUNDS: |
$ 0.00 |
IN CONTINGENCY: |
$ 0.00 |
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OTHER SOURCES: |
$ 0.00 |
FUNDING: ACCOUNT/FUND #/CIP |
TOTAL $ 0.00
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To total; right click number & choose “Update Field” |
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FISCAL IMPACT STATEMENT:
The City would receive a one-time revenue of the purchase price of each parcel and a revenue increase associated with property tax collections. The City will also realize a cost savings by no longer maintaining or insuring the parcels.
ADDITIONAL INFORMATION:
SUPPORTING DOCUMENTS NOT ATTACHED TO THE CITY COUNCIL ACTION FORM THAT ARE ON FILE IN THE OFFICE OF THE CITY CLERK:
NONE
IF CITY COUNCIL ACTION INCLUDES A CONTRACT, LEASE OR AGREEMENT, WHO WILL BE RESPONSIBLE FOR ROUTING THE DOCUMENT FOR SIGNATURE AFTER CITY COUNCIL APPROVAL?
☐ Department
☒ City Clerk’s Office
☐ Document to be recorded
☐ Document to be codified
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Acting City Administrator: |
Date: |
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John D. Simonton |
11/06/2023 |
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Reviewed by City Attorney: |
Date: |
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Richard W. Files |
11/03/2023 |