11-10-2015 CC RPT 14 - Laserfiche WebLink

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City ,21. Arts &Innovation City Council Memorandum IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIII 1111111111111111111111111111111111111111111111111 1111111111111111111111111111111111111111111111111 11111111111111111 TO: HONORABLE MAYOR AND CITY COUNCIL DATE: NOVEMBER 10, 2015 FROM: COMMUNITY & ECONOMIC DEVELOPMENT WARD: 2 DEPARTMENT SUBJECT: PURCHASE AND SALE AGREEMENT WITH ALLEN PROPERTIES — HIDDEN SPRINGS, LLC FOR THE SALE OF 0.45 ACRES OF CITY -OWNED LAND NEAR THE INTERSECTION OF PEARBLOSSOM DRIVE AND EL CERRITO DRIVE IN THE TOTAL AMOUNT OF $5,000 ISSUE: The issue for City Council consideration is the approval of a Purchase and Sale Agreement with Allen Properties — Hidden Springs, LLC (Allen Properties) for the sale of 0.45 acres of City - owned land located near the intersection of Pearblossom Drive and El Cerrito Drive (Property), identified as Assessor's Parcel Number (APN) 253 - 210 -015 and as shown on the attached Site Map — Attachment 1. RECOMMENDATIONS: That the City Council: 1. Approve the Purchase and Sale Agreement with Allen Properties (Agreement — Attachment 2) for the sale of the Property located near the intersection of Pearblossom Drive and El Cerrito Drive (Property), APN 253 - 210 -015, for the sales price of $5,000; and 2. Authorize the City Manager, or his designee, to execute the Agreement, including making minor, non - substantive changes, and to sign all documents and instruments necessary to complete the transaction. BACKGROUND: The Property is located at the southeasterly terminus of Pearblossom and El Cerrito Drives and consists of approximately 20,223 square feet of land and is improved with a tennis and basketball court. On April 16, 2013, City Council declared the Property surplus and authorized sale of the Property subject to its continued use as recreational open space and reservation of a 10' wide storm drain easement. As requested by City Council, staff had the Property appraised in its current condition which includes the depreciated value of the tennis and basketball court located on the property. The appraised value of the Property is $30,000. As required by Government Code Section 54220 et seq., staff made the Property available to public agencies for the required 60 -day advance notice period. Staff did not receive any public agency interest to acquire the Property. Allen Properties owns the adjacent 112 unit Hidden Springs apartment complex and has been