HomeMy WebLinkAboutLong-Range Property Mgmt PlanSUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
STAFF REPORT
REQUEST: APPROVAL OF THE LONG RANGE PROPERTY MANAGEMENT
PLAN FOR THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY
SUBMITTED BY: Martin Alvarez, Director of Economic Development
DATE: June 13, 2013
CONTENTS: Long Range Property Management Plan
Long Range Property Management Plan Map
Finding of Completion Approval Letter
Recommendation
By Minute Motion:
That the Successor Agency to the Palm Desert Redevelopment Agency
Board approve the Long Range Management Plan and submit to the
Oversight Board of the Successor Agency to the Palm Desert
Redevelopment Agency.
Backctround
On June 29, 2011, the California Governor signed Assembly Bill X1-26, which required
the dissolution of all California redevelopment agencies and authorized the creation of
successor agencies to manage former redevelopment agency owned assets. At its
meeting of August 25, 2011, the City of Palm Desert chose to become the Successor
Agency to the Palm Desert Redevelopment Agency, accepting the responsibility to
manage 553.25 acres of property assets.
On June 27, 2012, the Governor signed State Budget Trailer Bill AB 1484, which
became effective immediately. AB 1484 required successor agencies to conduct a due
diligence review to determine the unobligated cash balances available for transfer to
taxing entities in both the housing fund and all other RDA funds of the former
Redevelopment Agency. Both the Housing Successor Entity (PDHA) and the
Successor Agency to the Palm Desert Redevelopment Agency's (Successor Agency)
due diligence reviews have been completed and accepted by the State Department of
Finance (DOF). As part of AB 1484, those agencies who have received approval of
their due diligence reviews are granted a"Finding of Completion". The Finding of
Completion (FOC) allows successor agencies to submit a Long Range Property
Successor Agency Staff Report
Long Range Property Management Plan
June 13, 2013
Page 2 of 4
Management Plan (Management Plan), outlining the disposition strategies for all former
RDA properties.
On May 15, 2013, the DOF issued a Finding of Completion to the Successor Agency
(see DOF attached letter). The FOC verifies that the Successor Agency has met the
DOF requirements under AB 1484, including sending all housing and non-housing
unobligated funds to the County for distribution to the taxing entities.
Discussion
Pursuant to Health and Safety Code 34191.4, within six months after receiving a
Finding of Completion from the DOF, the Successor Agency is required to submit for
approval to the Oversight Board and the DOF a Long Range Property Management
Plan (Management Plan) that addresses the disposition and use of the real properties
owned by the Successor Agency.
Section 34191.5(c)(1) of the California Health and Safety Code identifies the elements
that should be included in the Long Range Property Management Plan regarding each
property. These elements include description of each property:
Address, Assessor Parcel Number, Acreage Size, Date and Cost of Acquisition,
Estimated Current Cost, Purpose of Acquisition, Existing Contracts, Environmental
Concerns/Studies Performed, Development Proposals/Activities, General Plan and
Zoning Designations and Proposed Disposition Strategy.
The complete Management Plan is attached to this report, along with a full written
background and description of each set of parcel(s) for your consideration. The main
purpose of the Management Plan is to identify the proposed disposition strategy for
each parcel. AB 1484 provides several options for disposition of property, including the
following:
1. Sell the Property
2. Retain for Government Use (i.e. roads, school buildings, parks, police and fire
stations, libraries, and local agency administrative buildings)
3. Retain for Future Development (identified as part of former RDA Plan)
4. Retain to Fulfill an Enforceable Obligation (i.e. existing contract approved prior to
RDA dissolution)
The Management Plan is organized into 14 separate project sites depending on
geographical location and/or if parcels were acquired together. Project sites may
contain multiple parcels (i.e. Site 1(a), 1(b), 1(c), etc.). The Management plan utilizes
the first three disposition categories listed above. Both the Management Plan and the
plan . map (see attached) use the following color codes to identify the proposed
disposition strategy for each site.
G.\rdaVvlaAin Alvarez�2013\SAILRPMP 6-13-13.doc
Successor Agency Staff Report
Long Range Property Management Plan
June 13, 2013
Page 3 of 3
Parcels coded in Green = Sell the Property
Parcels coded in Purple = Retain for Governmental Use
Parcels coded in Yellow = Retain for Future Development
Also included on the Management Plan is a list of enforceable easements, obligations
and agreements that are currently assigned to the Successor Agency. The agreements
include public parking easements that were established by the former RDA to facilitate
and maintain public parking on economic development projects. Examples of projects
that have public parking easements include the Westfield Shopping Center parking
structures, the Gardens on EI Paseo parking structure and the Desert Crossings
shopping center. Staff recommends that these easements and agreements be
transferred and assigned to the City to maintain future enforcement capabilities in the
event the Successor Agency no longer is viable. The easements do not have a
monetary value nor do they burden the City with any financial obligations.
If the Management Plan is approved by the Successor Agency, it will be presented to
the Oversight Board on June 24, 2013. Following approval by the Oversight Board, the
Management Plan will be submitted to the DOF. There is no time frame specified by AB
1484 for the DOF's review and approval of the Management Plan, as it may depend on
their work load. Staff recommends that the Successor Agency approve the Long Range
Property Management Plan and authorize staff to submit to the Oversight Board and
DOF.
Fiscal Analvsis
There is no fiscal impact from the approval of the Long Range Property Management
Plan to the City General Fund. However, approval of the Management Plan by the DOF
will lead to the sale of properties. The proceeds from the sale of properties will be sent
to the County for distribution to all taxing entities, including the City of Palm Desert. As
a taxing entity, the City's share is approximately 3% from each of the property sales.
Submitted B :
Martin Alvarez,
Dir or of Economic Development
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Paul S. Gibson, Director of Finance
n M. Wohlmuth, Executive Director
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� � LONG-RANGE PROPERTY MANAGEMENT PLAN CHECKLIST
Instructions: Please use this checklist as a guide to ensure you have completed all the required components
of your Long-Range Property Management Plan. Upon completion of your Long-Range Property Management
Plan, email a PDF version of this document and your plan to:
Redevelopment_Administration@dof.ca.gov
The subject line should state "[Agency Name] Long-Range Property Management Plan". The Department of
Finance (Finance) will contact the requesting agency for any additional information that may be necessary
during our review of your Long-Range Property Management Plan. Questions related to the Long-Range
Property Management Ptan process should be directed to (916) 445-1546 or by email to
Redevelopment AdministrationC�a.dof.ca.gov.
Pursuant to Hea(th and Safety Code 34191.5, within six months after receiving a Finding of Completion from
Finance, the Successor Agency is required to submit for approval to the Oversight Board and Finance a Long-
Range Property Management Plan that addresses the disposition and use of the real properties of the former
redevelopment agency.
GENERAL INFORMATION:
Agency Name: Successor Agency To The Palm Desert Redevelopment Agency
Date Finding of Completion Received: May 15, 2013
Date Oversight Board Approved LRPMP: June 24, 2013
Long-Range Property Management Plan Requirements
For each property the plan includes the date of acquisition, value of property at time of acquisition, and an estimate
of the current value.
� Yes ❑ No
For each property the plan includes the purpose for which the property was acquired.
� Yes ❑ No
For each property the plan includes the parcel data, including address, lot size, and current zoning in the former
agency redevelopment ptan or specific, community, or general plan.
� Yes ❑ No
For each property the plan includes an estimate of the current value of the parcel including, if available, any
appraisal information.
� Yes ❑ No
Page 1 of 3
For each property the plan includes an estimate of any lease, rental, or any other revenues generated by the
property, and a description of the contractual requirements for the disposition of those funds.
� Yes ❑ No
For each property the plan includes the history of environmental contamination, including designation as a
brownfield site, any related environmental studies, and history of any remediation efforts.
� Yes ❑ No
For each property the plan includes a description of the property's potential for transit-oriented development and
the advancement of the planning objectives of the successor agency.
� Yes ❑ No
For each property the plan includes a brief history of previous development proposals and activity, including the
rental or lease of the property.
� Yes ❑ No
For each property the plan identifies the use or disposition of the property, which could include 1) the retention of
the property for governmental use, 2) the retention of the property for future development, 3) the sale af the
property, or 4) the use of the property to fulfill an enforceable obligation.
� Yes ❑ No
The plan separately identifies and list properties dedicated to governmental use purposes and properties retained
for purposes of fulfilling an enforceable obligation.
� Yes ❑ No
ADDITIONAL INFORMATION
• If applicable, piease provide any additional pertinent information that we should be aware of
during our review of your Long-Range Property Management Plan.
SEE ATTACHED PROPERTY SUMMARIES/BACKGROUND.
Page 2 of 3
Agency Contact Information
Name:
Title:
Phone:
Email:
Martin Alvarez
Director of Economic Devel
760-346-0611 x467 Phone:
malvarez@cityofpalmdesert.org Email:
Name:
Title
John M Wohlmuth
City Manager
760-0611 x305
jwohimuth@cityofpalmdesert.org
Date: June 24, 2013 �ate: June 23, 2013
Deaa►tment of Finance I.ocal Government Unit Use Onlv
DETERMfNATfON ON LRPMP: ❑ APPROVED ❑ DENIED
APPROVED/DENIED BY:
DATE:
APROVAL OR DENIAL LETTER PROVIDED: ❑ YES DATE AGENCY NOTIFIED:
Form DF-LRPMP (11/15/12)
Page 3 of 3
Successor Agency to the Palm Desert Redevelopment Agency
Long Range Property Management Plan
Property Background/Summaries
INTRODUCTION
On June 29, 2011, the California Governor signed Assembly Bill X1-26, which required
the dissolution of all California redevelopment agencies and authorized the creation of
successor agencies to manage former redevelopment agency owned assets. At its
meeting of August 25, 2011, the City of Palm Desert chose to become the Successor
Agency to the Palm Desert Redevelopment Agency (Successor Agency).
On June 27, 2012, the Governor signed State Budget Trailer Bill AB 1484, which
became effective immediately. AB 1484 required successor agencies to conduct a due
diligence review to determine the unobligated balances available for transfer to taxing
entities in both the housing fund and all other former redevelopment agency (RDA)
funds. Both the Housing Successor Agency and the Successor Agency's due diligence
reviews have completed and accepted by the State Department of Finance (DOF). As
part of AB 1484, those agencies who have received approval of their due diligence
reviews are granted a"Finding of Completion". The Finding of Completion (FOC) allows
successor agencies to submit a Long Range Property Management Plan (Management
Plan), outlining the disposition strategies for all former RDA properties. The Successor
Agency's property assets total 553.25 acres.
On May 15, 2013, the DOF issued a Finding of Completion to the Successor Agency to
the Palm Desert Redevelopment Agency (see attached letter). The FOC verifies that
the Successor Agency has met the DOF requirements under AB 1484, including
sending all housing and non-housing funds to the State for dispersal to the taxing
entities. Pursuant to Health and Safety Code 34191.4 the Successor Agency has
prepared a Long Range Property Management Plan (Management Plan) that addresses
the disposition and use of the real properties owned by the former redevelopment
agency. This plan was presented to the Successor Agency Board on June 13, 2013
and is scheduled for review by the Oversight Board of the Successor Agency to the
Palm Desert Redevelopment Agency on June 24, 2013.
The Successor Agency's Long Range Property Management Plan and Map is attached
to this document. The following sections provide background and summaries of each of
the Successor Agency owned properties. The Management Plan is organized into 14
LRPMP Property Background/Summaries
June 13, 2013
Page 2 of 8
separate project sites depending on geographical location and/or if parcels were
acquired together. Project sites may contain multiple parcels (i.e. Site 1(a), 1(b), 1(c),
etc.). Both the Management Plan and the map (see attached) use the following color
codes to identify the proposed disposition strategy for each site.
Parcels coded in Green = Sell the Property
Parcels coded in Purple = Retain for Governmental Use
Parcels coded in Yellow = Retain for Future Development
PROPERTY BACKGROUND / SUMMARIES
The Management Plan provides a complete listing of all Successor Agency owned
properties with details as requested by State Department of Finance Long Range
Property Management Plan Checklist (see attached Checklist). Below is summary and
additional background information for each property along with the Oversight Board's
disposition strategy recommendation.
Alessandro Alley - Properties 1(a), 1(b), 1(c), 1(d), 1(e), 1(fl, 1(g):
Properties listed as 1(a), 1(b), 1(c), 1(d), 1(e), 1(fl, 1(g) on the attached Management
Plan consist of eight parcels that were acquired by the former redevelopment agency
(RDA). The former RDA originally proposed to acquire 26.5 feet from each of the rear
yards of these parcels to facilitate improvements to the adjacent deteriorated
Alessandro Alley. The Alessandro Alley is located between the residential district and
the commercial core area on the north side of Highway 111 from Las Palmas Avenue to
Monterey Avenue.
The proposed design of the Alessandro Alley improvement project was in progress prior
to the dissolution of redevelopment agencies. The preliminary design proposed to
widen the alley by 26.5 feet to a total width of 46.5 feet; providing new public parking at
a 90° angle on the north side of the alley. The conceptual Alessandro Alley design
included 169 public parking spaces along the north side with landscaping and a new
barrier wall protecting the adjoining residential properties. The properties that are listed
in LRPMP are those remaining parcels that were acquired by the former RDA. The
details of the individual properties are listed in the Management Plan and Successor
Agency proposes to sell the subject parcels, 1(a) though 1(g) on the open market.
LRPMP Property Background/Summaries
June 13, 2013
Page 3 of 8
Joslyn Senior Center Expansion— Properties 2(a), 2(b):
The Joslyn Senior Center parcels consist of two parcels totaling 1.68 acres. The
parcels are located adjacent to the City owned Joslyn Cove Communities Senior
Center, which serves the region and specifically the communities of Palm Desert,
Rancho Mirage and Indian Wells. The Senior Centers provides serves to over 38,000
senior over the age of 50 on annual basis. The subject parcels were acquired to
facilitate a future expansion to the Senior Center. The Successor Agency proposes to
retain these parcels for governmental use, and transfer the two parcels to the City of
Palm Desert to facilitate the future development/expansion of the Joslyn Senior Center.
Haystack Open Space — Property 3
The Haystack property total 1.90 acres. The property was acquired to facilitate the
installation of a drainage facility and retention of open space. The parcel contains an
underground drainage pipe that serves residential neighborhoods in this area. The
having the drainage pipe underground makes the parcel undevelopable and its' only
use is for open space. The Successor Agency proposes to retain the site for
governmental use and transfer the property to the City for use as public open space.
Adobe Villas / Public Parkinq — Property No. 4
The Adobe Villas property consists of a 12-unit, vacant apartment complex on 0.53
acres. The site is adjacent to the City's commercial core business district. The former
RDA acquired the site with the intent to facilitate the construction of public parking to
serve the adjacent commercial district. Public parking in this area was identified in the
former RDA Plan and 5-year Implementation Plan. The Successor Agency recommends
the transfer of the site to the City for governmental use. The property will be used to
facilitate the construction of public parking within the Core Commercial Area, a goal a of
the Project Area No. 1 Redevelopment Plan.
College of the Desert Site (San Pablo/Fred Warin�
Properties No.(s) 5(a), 5(b), 5(c), 5(d), 5(e)
The subject properties consist of five contiguous parcels totaling 1.62 acres of vacant
land. The properties are adjacent to the City's Community College known as College of
the Desert (COD). COD submitted a written request to the Successor Agency
requesting to acquire for the site future educational use. COD proposes to utilize the
site for future multi-purpose educational facilities that would enhance the existing Palm
LRPMP Property Background/Summaries
June 13, 2013
Page 4 of 8
Desert Campus and serve the region. The proximity of the properties to the COD
campus compliments COD's existing facilities and provides for improved community
and business access (see COD letter attached).
On February 4, 2013, the Oversight Board of the Successor Agency to the Palm Desert
Redevelopment Agency approved OB Resolution No.033 approving a transfer of 0.177
acres (7,705 sq ft.) from portions of:
• Property No. 5(d) (.55 acres) A.P.N.'s 627-101-038; and
• Property 5(e) (.26 acres) A. P. N. 627-101-039
to the City of Palm Desert to facilitate a road widening project. The City's road
improvement project would add necessary right turn pocket at the southeast corner of
San Pablo Avenue and Fred Waring Drive. The request was denied by written
correspondence dated April 24, 2013 (see letter attached). The proposed land transfer
of 7,705 square feet (.177 acres) out of 35,283.6 square feet to the City will serve a
governmental use (i.e. road improvements). The proposed project will alleviate traffic
congestion and will improve air quality by reducing the number vehicles idling at this
intersection and will improve community safety.
The Successor Agency recommends that 1.443 acres be transferred to College of the
Desert for governmental use and that 0.177 acres from A.P.N.(s) 627-101-038 and 627-
101-039 be transferred to the City of Palm Desert to facilitate roadway improvements
benefiting the public.
Portola Ave. Roadway WidenincLProiect - Properties No.(s) 6(a), 6(b), 6(c)
The subject properties consist of three vacant individual single-family homes fronting
Portola Avenue, an arterial roadway. The properties were acquired with the intent to
deconstruct the homes and facilitate a roadway widening project on Portola Avenue.
The project will add a free-right turn pocket at the northwest corner of Portola Avenue
and Fred Waring Drive. The project will alleviate traffic congestion and achieve the
street's ultimate width per the City's General Plan. The Successor Agency
recommends retaining the properties for governmental use and transferring the
properties to the City of Palm Desert to facilitate roadway improvements.
LRPMP Property Background/Summaries
June 13, 2013
Page5of8
Larks�ur Site — Property No.(s) 7(a), 7(b)
The Larkspur site totals 2.10 acres and is located adjacent to the City's commercial
district. The site has been approved by the City Council as a 154 room hotel project
through an existing Development Agreement with a hotel developer. The Successor
Agency recommends retaining the property for future development which will facilitate
economic development within Project Area No. 1.
Entrada Del Paseo Lot Pad — Property No. 8
The Entrada Del Paseo lot pad consists of a.68 acre parcel located within an existing
12-acre master planned commercial development. The Entrada Del Paseo master plan
contains two existing restaurants, and a Museum and the Chamber of
Commerce/Henderson Community Building and one vacant office professional pad.
The last remaining development pad within the Entrada Del Paseo development is
owned by the Successor Agency and is referred to as Property 8 on the Management
Plan. The site is suitable for an office professional building or restaurant site. The
Successor Agency recommends the sale of the property on the open market.
170 Acres - Frank Sinatra Dr. / Portola Ave.— Properties 9(a) thru 9(m) (13 Parcels)
The subject properties consist of 13 contiguous parcels totaling 169.55 acres located at
the northeast corner of Frank Sinatra Drive and Portola Avenue. The 13 parcels were
acquired as one transaction in order to facilitate future economic development. The
Successor Agency recommends selling the properties on the open market. The
estimated value of the site is ($16,955,000 /$100,000 per acre).
Cal State San Bernardino Universitv - Palm Desert Campus —
Property No.(s) 10(a), 10(b)
In 1993, the former RDA acquired approximately 201.64 acres for the development of
university master. The site was acquired with the intent to partner with California State
University San Bernardino for the development of a university campus. On November
16, 1999, the former RDA entered into a Disposition and Development Agreement
(DDA) with the Trustees of the California State University (CSU) to facilitate the future
development of the California State University San Bernardino — Palm Desert Campus.
On March 22, 2001, Amendment No. 1 to the DDA was approved authorizing the
transfer of approximately of 55.32 of the 201.64 acres to CSU to facilitate the
construction of infrastructure and facilities for the establishment of the CSU—Palm
LRPMP Property Background/Summaries
June 13, 2013
Page 6 of 8
Desert Campus. The First Amendment to the DDA also reserved approximately 125
acres for ten years for the future implementation of the remaining Palm Desert Campus
Master Plan. CSU has built 5 education buildings and has a student enrollment of
1,000 students. CSU continues its efforts to expand the CSU-Palm Desert Campus and
has requested approval of the transfer of approximately 123.65 acres to facilitate the
future development of the CSU-Palm Desert Campus master plan.
In 2002, under approval of a Disposition and Development Agreement (DDA) 8.5 acres
of the original 201.64 acres were transferred to the Regent of the University of California
for the deveiopment of the University of California Riverside — Palm Desert Campus
(UCR). The existing Palm Desert Campus improvements were completed on the 8.5
acres. As part of the DDA and subsequent Amendment an additional 11.5 acres were
reserved under an Option Agreement (25 years). Recently, UCR received approval
from the Oversight Board (Resolution No. 033) and from the Department of Finance
(see attached approval letter) to transfer the 11.5 acre property for use as a future UCR
School of Medicine.
After the recent transfer to UCR, the Successor Agency controls the remaining 126.32
acres. Prior to the dissolution of the RDA, staff was working with CSU to negotiate the
transfer the remaining land for the implementation of the CSU — Palm Desert Campus
master plan. As part of the negotiations, the Successor Agency had discussed the
use/retention of 2.67 acres of remaining 126.32 for a future City of Palm Desert fire
station site. The fire station site location has been identified and the conceptual design
has been completed. As part of the Management Plan, the Successor Agency
recommends the transfer of the 123.65 acres to CSU for governmental purpose
(educational facilities) and the transfer of 2.67 acres to the City of Palm Desert for a
future governmental use (fire station).
132 Acre Site — Properties 11(a) thru 11(h) (8 Parcels)
The 132 Acre Site consists of 8 contiguous parcels totaling 132.31 acres. The
properties were acquired individually with the intent to assemble a larger project that
would facilitate future economic development. To address current and future drainage
facility needs, the Oversight Board and the Successor Agency recommends transferring
3.0 acres from parcel 11(h) (A.P.N. 694-310-005), which totals 27.73 acres. The
Successor Agency staff has developed a legal description and map of the proposed
drainage location. This drainage area will serve the drainage needs for the existing
Riverside County Sheriff Station located adjacent to the west of the subject property and
future development in this area. The Successor Agency recommends selling 129.31 of
LRPMP Property Background/Summaries
June 13, 2013
Page 7 of 8
the 132.31 acres on the open market and retaining 3.0 acres for governmental use
(drainage facility) and transferring the 3.0 acres to the City of Palm Desert. The
estimated value of the site 129.31 acres is $12,931,000 or $100,000 per acre.
Desert Willow Lot Pads- Properties 12(a), 12(b), 12(c), 12(d), 12(e), 12(fl, 12(g)
The Desert Willow Lot Pads consist of 25 parcels, categorized under Properties 12(a)
thru 12(fl in the Management Plan. Desert Willow Golf Resort was developed by the
former RDA as an economic development tool and for public recreational opportunities.
As part of the master plan development several development pads were created to
attract hotel and timeshare developments. These lot pads are labeled Pad A, B, C, D,
E, F& G(see attached map). The Successor Agency recommends that properties
12(a), 12(c), 12(d), be retained for future development and that a portion of Property
12(b) (3.028 of 17.68 acres) and a portion of Property 12(fl (4.238 of 19.85 acres) be
retained for governmental use (see details below).
Property 12(b) totals 17.68 aces. 3.028 acres is developed as a public parking lot that
serves the community and the City owned Desert Willow Golf Resort (see attached
legal description). The Successor Agency recommends selling 14.652 of the 17.68
acres and the transfer 3.028 acres to the City of Palm Desert as a governmental use
parcel.
Property 12(fl totals 19.85 acres. 4.238 acres are currently developed and used as a
retention basin (see attached legal description). The Successor Agency and Oversight
Board recommend selling 15.522 of the 19.85 acres and the transfer of 4.238 acres to
the City of Palm Desert for governmental use (drainage facility).
The Successor Agency recommends selling Property 12(g). The Successor Agency
also has three miscellaneous parcels that were inadvertently never transferred to the
City of Palm Desert, which are currently used as part of the City owned Desert Willow
Firecliff Golf Course (see attached map). These three parcels are identified portions of
Property 12(b) (A.P.N. 620-450-011 & 620-450-015) and portion of Property 12(d)
(A.P.N. 620-450-021). The Successor Agency recommends that these miscellaneous
parcels be transferred to the City of Palm Desert for governmental use.
Casev's Restaurant Site — Property No. 13
The subject property was acquired in 2005 to facilitate the redevelopment of blighted
property. The site currently totals 2.924 acres, which includes a 4,943 square foot
LRPMP Property Background/Summaries
June 13, 2013
Page 8 of 8
restaurant building, 500 square foot office building, parking facilities and a vacant lot.
The Successor Agency has a lease with Casey's Restaurant through 2016. The
Successor Agency and the Oversight Board recommend selling 1.64 acres, which
includes the restaurant site and portion of the vacant lot and transferring 1.284 acres to
the City for the development of future senior affordable housing. The affordable
housing site has been designed and included the development of 72-senior affordable
apartment units, combined with land currently held by the Housing Successor Agency.
The Casey's restaurant site and improvements is estimated to be valued at $1,200,000.
Hillside Open Space — Property No. 14
The subject property totals 3.80 acres and is located in the hillside open space district.
The site was acquired to facilitate the preservation of open space and the expansion of
hillside recreation hiking trails. The Successor Agency recommend transferring the site
to the City of Palm Desert for governmental use (park land). The site is estimated to be
valued at $600,000.
Easements/Enforceable Obligations —
Also included on the Management Plan is a list of enforceable easements, obligations
and agreements that are currently assigned to the Successor Agency. The agreements
include public parking easements that were established by the former RDA to facilitate
and maintain public parking on economic development projects. Examples of projects
that have public parking easements include the Wesifield Shopping Center parking
structures, the Gardens on EI Paseo parking structure and the Desert Crossings
shopping center. Staff recommends that these easements and agreements be
transferred and assigned to the City to maintain future enforcement capabilities in the
event the Successor Agency no longer is viable. The easements do not have a
monetary value nor do they burden the City with any financial obligations.
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* DEPARTMENT OF
°4�,FOR.��P F" I N A N C E
May 15, 2013
Ms. Veronica Tapia, Accountant It
City of Palm Desert
73-510 Fred Waring Drive
Palm Desert, CA 92260
Dear Ms. Tapia:
Subject: Finding of Completion
EOMUND G. BRowN �IR. • GO�RNOR
91 5 L STRECT ■ SACRAMENTO CA ■ 9581 4-3706 ■ WWW.DO�.CA.GOV
The California Department of Finance (Finance) has completed the Finding of Completion for the City of
Palm Desert Successor Agency.
Finance has completed its review of your documentation, which may have included reviewing supporting
documentation submitted to substantiate payment or obtaining confirmation from the county auditor-
controller. Pursuant to Health and Safety Code (HSC) section 34179.7, we are pleased to inform you
that Finance has verifisd that the Agency has made full payment of the amounts determined under HSC
section 34179.6, subdivisions (d) or (e) and HSC section 34183.5.
This letter serves as notification that a Finding of Completion has been granted. The Agency may now
do the following:
• Place foan agreements befween the former redevelopment agency and sponsoring entity on the
ROPS, as an enforceable obligation, provided the oversight board makes a flnding that the loan
was for legitimate redevelopment purposes per HSC section 34191.4 (b} (1). Loan repayments
will be governed by criteria in HSC section 34191.4 (a) (2}.
• Utilize proceeds derived from bonds issued prior to January 1, 2011 in a manner consistent with
the original bond covenants per HSC section 34191.4 (c).
Additionally, the Agency is required to submit a Long-Range Property Management Plan to Finance for
review and approval, per HSC section 34191.5 (b}, within six months from the date of this letter.
Please direct inquiries to Andrea Scharffer, Staff Finance Budget Analyst, or Chris Hill, Principal Program
Budget Analyst, at (916) 445-1546.
Sincerely,
--�
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�STEVE SZALAY
Local Government Consultant
cc: Ms. Janet Moore, Director of Housing, City of Palm Desert
Ms. Pam Elias, Chief Accounting Property Tax Division, County of Riverside Auditor-Controller
California State Controller's Office