HomeMy WebLinkAboutRes OB-176 (2)STAFF REPORT
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
Economic Development Department
MEETING DATE: May 7, 2018
PREPARED BY: Martin Alvarez, Director of Economic Development
REQUEST: Request for approval to utilize the Recognized Obligation Payment
Schedule (ROPS) 2017/2018B and 2018/19, costs associated with
disposition of assets for the appraisal of various Successor Agency
to the Palm Desert Redevelopment Agency (SARDA) parcels listed
on the Long Range Property Management Plan (LRPMP).
Recommendation
That the Oversight Board waive further reading and adopt Resolution No. OB- 176
approving use of ROPS 2017/2018B and ROPS 2018/19 costs associated with
disposition of assets (line item 190) to conduct property appraisals associated with
disposition of assets listed on the LRPMP.
Background
The SARDA's approved LRPMP requires the disposition of all of the properties listed on
the plan. In order for staff to negotiate the sale of the properties remaining to be sold,
the SARDA is required to appraise and determine fair market value. The appraisals will
be utilized to prepare future purchase and sale agreements that will be brought back to
the Oversight Board for consideration at a later date.
Discussion
SARDA staff requests approval to utilize existing ROPS 2017/2018B funds to cover the
costs to appraise various properties listed on the LRPMP. Staff seeks approval to
utilize funds to cover the appraisal services that have been completed and those that
will arise in the future. For the appraisal service contracts that have been completed,
staff followed the City of Palm Desert's purchasing ordinance and secured proposals
from qualified appraisers. The City and SARDA entered into contracts with the following
appraisal firms to perform individual fair market appraisals for the following sites:
Oversight Board Staff Report
Appraisal Contracts
May 1,2018
Page 2of3
LRPMP Site:
• Desert Willow Lot Pad - Site 12 (b) - $2,850 (City Contract / Capital Realty Analysts)
• Desert Willow Lot Pad - Site 12 (c) - $2,850 (City Contract / Capital Realty Analysts)
• Desert Willow Lot Pad - Site 12 (e) - $2,500 (SARDA Contract / Capital Realty
Analysts)
• 132 Acres — Site 11 (a-h) - $3,200 (SARDA Contract / Lidgard and Associates)
Staff seeks approval to reimburse the City of Palm Desert for appraisal contract issued
to Capital Realty Analysts for Sites 12 (b) and (c). In addition, SARDA staff seeks
approval of the appraisal contract issued to Capital Realty Analysts by SARDA for site
12 (e).
Excluding the sites listed above, the SARDA has the following LRPMP sites remaining
to be appraised and sold:
• Alessandro Alley — Sites 1 (a-d, f) — five single family lots
• 170 Acres — Site 9 (a-m)
• Desert Willow Lot Pad — Site 12(a) — 16 acres
• Desert Willow Lot Pad — Site 12(d) - 15 acres
SARDA staff seeks approval to appraise the remaining properties by utilizing one of the
following qualified appraisers:
1. Capital Realty Analysts
2. Casey Merrill, LLC
3. Lidgard and Associates
Staff will seek proposals from the above listed firms and the lowest responsive proposal
will be utilized. Staff seeks approval to enter into four separate contracts with the
cumulative amount not to exceed $20,000 for the above listed sites remaining to be
sold.
Therefore, staff recommends approval to utilize ROPS 2017/2018B costs associated
with disposition of assets to cover the property appraisal costs rendered for the LRPMP
Sites 12(b), (c), (d) and Site 11 (a-h). In addition, staff recommends authorization to
utilize ROPS 2018/2019A/B for four remaining property appraisal contracts with the
cumulative amount not to exceed $20,000, for the remaining sites to be sold.
G \Econ Development\Martin Alvarez\2018\OSB\OB Appraisals tloc
Oversight Board Staff Report
Appraisal Contracts
May 1,2018
Page 3 of 3
Fiscal Analysis
Funds to cover the costs of the appraisals completed are available in the State
Department of Finance (DOF) approved ROPS 2017/2018B, costs associated with
disposition of assets line item 190. Funds to cover the four remaining LRPMP sites are
available in the DOF approved ROPS 2018/2019A/B, costs associated with disposition
of assets line item 190.
LEGAL REVIEW DEPT. REVIEW FINANCIAL REVIEW EXECUTIVE
DIRECTOR
N/A
Robert W. Hargreaves
City Attorney
Martin Alvarez
Director of Economic
Development
Attachments: Resolution NO. OB - 176
.,ar%t Moore
Director of Finance
Lauri Aylaian
Executive Director
G \Econ Development \Martin Alvarez \2018\OSB\06 Apprasals doc
RESOLUTION NO. OB - 176
A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS FOR
THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY REQUEST APPROVAL TO UTILIZE THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS)
2017/2018B AND 2018/2019, COSTS ASSOCIATED WITH
DISPOSITION OF ASSETS FOR THE APPRAISAL OF VARIOUS
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT
AGENCY (SARDA) PARCELS LISTED ON THE LONG RANGE
PROPERTY MANAGEMENT PLAN (LRPMP).
RECITALS:
A. Pursuant to Health and Safety Code Section 34179(3), all actions taken by
the Oversight Board for Successor Agency to the Palm Desert Redevelopment Agency
(Oversight Board) shall be adopted by resolution.
There has been presented to this Oversight Board for approval to utilize the
Recognized Obligation Payment Schedule (ROPS) 2017/2018B and 2018/19, costs
associated with disposition of assets for the appraisal of various SARDA parcels listed on
the LRPMP.
NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS,
DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part of
this Resolution.
Section 2. The Oversight Board hereby adopts Resolution No. OB - 176
approve to utilize the Recognized Obligation Payment Schedule (ROPS) 2017/2018B and
2018/19, costs associated with disposition of assets for the appraisal of various SARDA
parcels listed on the LRPMP.
Section 3. The staff of the SARDA is hereby directed to provide the State
Department of Finance ("DOF") written notice and information regarding the action taken
by the Oversight Board in Section 2 of this Resolution. Such notice and information shall
be provided by electronic means and in a manner of DOF's choosing.
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RESOLUTION NO. OB - 176
Section 4. The officers of the Oversight Board and staff of the SARDA are
hereby authorized and directed, jointly and severally, to do any and all things which they
may deem necessary or advisable to effectuate this Resolution.
PASSED, APPROVED AND ADOPTED this day of , 2018.
AYES:
NOES:
ABSENT:
ABSTAIN:
SUSAN MARIE WEBER, CHAIR
ATTEST:
RACHELL D. KLASSEN, SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
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