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HomeMy WebLinkAboutNotice of Availability - Former SEARS BuildingC I T Y O F P A L M D E S E R T 73-510 FRED WARING DRIVE PALM DESERT, CALIFORNIA 92260-2578 TEL: 760 346-0611 FAX: 760-341-7098 INFO@CITYOFPALMDESERT.ORG October 3, 2025 To All Interested Parties: RE: Notice of Availability/Offer to Sell Surplus Property Pursuant to the Surplus Land Act (California Government Code Sections 54220-54234) As required by Government Code Section 54220, the City of Palm Desert is providing notification that the City intends to sell the 7.46 acre surplus property formerly known as the SEARS building located at 72880 CA-Hwy 111 with APN 640-140-020 in the City of Palm Desert and described in the accompanying table. A Construction, Operation, and Reciprocal Easement Agreement is recorded against the property and all other properties in the mall. This is a significant source of legal restrictions. In accordance with Government Code Section 54222, you have sixty (60) days from the date this offer was sent via certified mail or electronic mail to notify the City, in writing, of your interest in acquiring the property. However, this offer shall not obligate the City to sell the property to you. Instead, the City will enter into at least ninety (90) days of good faith negotiations with you and other interested entities pursuant to Government Code Section 54223. If no agreement is reached on sales price and terms the City may market the property to the general public. As required by Government Code Section 54227, if the City receives more than one letter of interest during this 60-day period, it will give first priority to entities proposing to develop housing where at least 25 percent of the units will be affordable to lower income households. If more than one such proposal is received, priority will be given to the proposal with the greatest number of affordable units. If more than one proposal specifies the same number of affordable units, priority will be given to the proposal that has the lowest average affordability level. In the event your agency or company is interested in purchasing the property, you must notify the City in writing within sixty (60) days of the date this notice was sent via certified mail or electronic mail. Notice of your interest in acquiring the property shall be delivered to Mariela Salazar, Management Analyst, at 73-5 10 Fred Waring Drive, Palm Desert, CA 92260. You may also direct your questions to msalazar@palmdesert.gov. The NOA and answers to questions from potential respondents will be posted in the “Surplus Land” section at EngagePalmDesert.com. It is recommended that you check the website for periodic updates. Entities proposing to submit a letter of interest are advised to review the requirements set forth in the Surplus Land Act (Government Code Section 54220-54234). ATTACHMENTS: 1. Notice of Availability Table (Exhibit A) Exhibit A Assessor’s 640-140-020 Palm Desert City 72880 Highway 111 Palm Desert 92260 Riverside Assessor’s Zoning Designation Minimum Density Maximum Density Parcel Size (gross General Plan 640-140-020 Planned Commercial 10 15 7.46 PC-3 Assessor’s Last Appraised 640-140-020 Fair Market Value Vacant N/A N/A Other Private Legal Restrictions: A Construction, Operation, and Reciprocal Easement Agreement is recorded against the property and all other properties in the mall. This is a significant source of legal restrictions.