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HomeMy WebLinkAboutLRPMP5514 FINALSUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY - LONG RANGE PROPERTY MANAGEMENT PLAN PROPERTY DESCRIPTION APN APPROX ACRES ACQ'N DATE COST EST CURRENT VALUE APPRAISED VALUE (DATE) PURPOSE OF ACQ. REVENUES EXISTING CONTRACTS ENVIROMENTAL STUDIES POTENTIAL TRANSIT ORIENTED DEV. DEVELOPMENT PROPOSALS/ ACTIVITY ZONING GENERAL PLAN COMMENTS Long Range Property management Plan Alessandro Alley Based on market comparables land only Performed Per Planning Department Review 1 (a)44887 San Antonio Circle 627-071-069 0.14 6/27/2008 $ 312,000 $24,393 N/A N/A Phase I Environmental No Potential None Vacant Lot 1 (b)44870 San Antonio Circle 624-071-067 0.25 9/18/2006 $ 405,000 $43,560 $405,000 (2006) N/A Lead and Asbestos Test No Potential SFR Deconstructed 2-24-11 Vacant Lot 1 (c)44850 San Antonio Circle 627-071-068 0.38 6/15/2009 $ 232,748 $66,211 $230,000 (2008) N/A Phase I Environmental No Potential SFR Deconstructed 2-24-12 Vacant Lot 1 (d)44845 San Clemente Cir 627-071-070 0.38 7/11/2008 $ 337,630 $66,211 land only $335,000 (2007) N/A N/A No Potential Existing 1,331 sf, SFR Vacant SFR 1 (e)44889 San Clemente Cir 627-071-071 0.14 12/28/2009 $ 285,000 $24,393 $117,600 (2007) N/A Phase I Environmental No Potential Deconstructed Triplex, 2-24-11 Vacant Lot 1 (f)San Clemente Circle 627-074-014 0.42 12/31/2007 $ 333,240 $73,180 $333,242 (2007) N/A N/A No Potential None Vacant Lot 1 (g)San Benito Circle 627-092-043 0.25 2/10/1998 $ 341,141 $43,560 N/A N/A N/A No Potential None Vacant Lot 1.96 Joslyn Senior Center Expansion 2 (a)44215 San Pascual 627-102-017 0.65 12/30/2004 $ 561,924 N/A Senior Center Expansion N/A N/A No Potential Deconstructed, 2006 R-2, Single- family Residential, Senior Overlay Medium Density Residential Vacant 2 (b)Pueblos East 73697 Santa Rosa Way (3) 1-br, (1) 3-br units 627-102-019 0.65 1/4/2008 $ 730,492 $725,000 (2007) Senior Center Expansion N/A Phase I Environment/Lead & Asbestos Test No Potential Ex. 1,200 SFR, (3) 600 sqft. MF-Units R-2, Single- family Residential, Senior Overlay Medium Density Residential Improved with Architecturally Significant House & 3- Deteriorated Studio Apartments 1.30 Removal of Blight, proposed public parking improvements R-1 Single Family Residential Low Density Residential $124,320 $74,000/acre DISPOSITION STRATEGY Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). Retain for Governmental Use, Futue Joslyn Senior Center Expansion; Transfer to City of Palm Desert REV. 5/5/14 Page 1 of 8 SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY - LONG RANGE PROPERTY MANAGEMENT PLAN PROPERTY DESCRIPTION APN APPROX ACRES ACQ'N DATE COST EST CURRENT VALUE APPRAISED VALUE (DATE) PURPOSE OF ACQ. REVENUES EXISTING CONTRACTS ENVIROMENTAL STUDIES POTENTIAL TRANSIT ORIENTED DEV. DEVELOPMENT PROPOSALS/ ACTIVITY ZONING GENERAL PLAN COMMENTS Long Range Property management Plan DISPOSITION STRATEGY Haystack Open Space Based on market comparables land only Performed Per Planning Department Review 3 Haystack 630-250-022 1.90 4/5/2005 $ 1,256,272 $331,056 $1,500,000 (2005) Open Space Park N/A N/A No Potential None R-1 Single- family Residential (10,000) Low Density Residential Vacant Lot, Drainage facilities exist under ground Adobe Villas / Public Parking 4 Adobe Villas 45330 Ocotillo Drive (6) 1-br units; (6) 2-br units 627-232-005 0.53 9/2/2008 $ 1,500,000 N/A $1,536,000 (2007) Public Parking N/A Phase I Environ. Lead&Asbestos No Potential Improved with (6) I-br. units, (6) 2-br units R-3 Multi- family Residential (4,000) Med Density Residential Intended for Public Parking Facilities, identified goal of Project Area No. 1 Redevelopment Plan College of the Desert (San Pablo/Fred Waring) 5 (a)627-101-002 0.35 5 (b)627-101-017 0.21 5 (c)627-101-033 0.25 5 (d)627-101-038 0.55 5 (e) 627-101-039 0.26 1.62 Portola Ave. Roadway Widening Project 6 (a)43915 Portola Avenue 622-200-053 0.16 6/27/2008 $ 293,396 N/A $290,000 (2007) Roadway Expansion N/A Lead & Asbestos Test 8/13/08 No Potential Existing SFR 1,364 sf R-1 Single- family Residential Office Professional Right of Way necessary for road widening project 6 (b)43895 Portola Avenue 622-200-054 0.16 6/27/2008 $ 260,000 N/A $200,000 (2007) Roadway Expansion N/A Lead & Asbestos Test No Potential Existing SFR 1,171 sf R-1 Single- family Residential Office Professional Right of Way necessary for road widening project 6 (c)43845 Portola Avenue 622-200-056 0.16 12/23/2008 $ 272,500 N/A $270,000 (2007) Roadway Expansion N/A Lead & Asbestos Test No Potential Existing SFR 1,482 sf R-1 Single- family Residential Office Professional Right of Way necessary for road widening project 0.48 Retain for Governmental Use (Roadway Widening) Transfer to the City of Palm Desert N/A Office Professional Vacant LotsOffice ProfessionalNo Potential NoneN/A Phase I Environmental $ 1,150,567 $1,350,000 (2010) Education Facilities 1.62 Acres Corner of San Pablo/Fred Waring 7/29/2002 Retain for Governmental Use, (Public Parking) Transfer to the City of Palm Desert Retain for Governmental Use. Existing Drainage Facility Under Property, Transfer to the City of Palm Desert 1. Liquidate/Sell 1.443 acres for appraised value and that all proceeds from the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Code Section 34191.5(c)(2)(B) Retain for Governmental Use (Roadway Widening) Transfer to the City of Palm Desert Retain for Governmental Use (Roadway Widening) Transfer to the City of Palm Desert 2. Transfer .177 acres from portions APN(s) 627-101-038, 627- 101-039 to City of Palm Desert for Public Purpose Use (Roadway Widening) REV. 5/5/14 Page 2 of 8 SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY - LONG RANGE PROPERTY MANAGEMENT PLAN PROPERTY DESCRIPTION APN APPROX ACRES ACQ'N DATE COST EST CURRENT VALUE APPRAISED VALUE (DATE) PURPOSE OF ACQ. REVENUES EXISTING CONTRACTS ENVIROMENTAL STUDIES POTENTIAL TRANSIT ORIENTED DEV. DEVELOPMENT PROPOSALS/ ACTIVITY ZONING GENERAL PLAN COMMENTS Long Range Property management Plan DISPOSITION STRATEGY Larkspur Site Based on market comparables land only Performed Per Planning Department Review 7 (a)627-262-008 0.08 Med Density Residential 7 (b)627-262-011 2.02 Med Density Residential 2.10 Entrada Del Paseo Lot Pad 8 72565 Highway 111 640-370-016 0.68 11/24/1998 Portion of larger 12 ac parcel 640-080-011 $770,000 N/A Economic Development N/A N/A No Potential Vacant - None Office Professional Office Professional Vacant 170 Acre Frank Sinatra Dr./Portola Ave. 9 (a)694-190-005 5.00 9 (b)694-190-006 0.02 9 (c)694-190-007 8.54 9 (d)694-190-013 2.55 9 (e)694-190-014 5.03 9 (f)694-190-016 0.21 9 (g)694-200-003 4.89 9 (h)694-200-004 7.90 9 (i)694-200-006 0.05 9 (j)694-200-007 8.81 9 (k)694-200-011 81.50 9 (l)694-200-012 2.20 9 (m)694-200-022 42.85 169.55 Cal State San Bernardino University- Palm Desert Campus 10 (a)Education Center 694-200-001 3.89 Vacant Master Planned University Site 10 (b)Education Center 694-160-003 122.43 Vacant Master Planned University Site 126.32 Public Facility/University Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). Phase I Environmental9/15/1993 $ 9,272,806 Public Institution No Potential R-3 Multi- family Residential Vacant Land - None Vacant N/A 12/5/2002 $ 11,900,000 $16,955,000 100,000/acre $11,900,000 Land Value (2002) Open Space, Parks Planned Residential- 5unit/acre N/A Education Facilities / University No Potential Vacant Economic Development N/A Phase I Enviromental No Potential N/A $3,660,000 (2012) Vacant Land Entitlemented with 154 Room Hotel Phase I Environmental 2/23/07 $ 5,000,000 Economic Development N/A4/11/2007Larkspur Lane & Shadow Mountain Dr NEC North Sphere North of Frank Sinatra, East of Portola Vacant Land - None N/A Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). Retain for Governmental Use 1. Transfer 123.65 acres to Cal State San Bernardino (Educational Use). 2. Transfer 2.67 acres to the City of Palm Desert for Governmental Use (Future Fire Station) REV. 5/5/14 Page 3 of 8 SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY - LONG RANGE PROPERTY MANAGEMENT PLAN PROPERTY DESCRIPTION APN APPROX ACRES ACQ'N DATE COST EST CURRENT VALUE APPRAISED VALUE (DATE) PURPOSE OF ACQ. REVENUES EXISTING CONTRACTS ENVIROMENTAL STUDIES POTENTIAL TRANSIT ORIENTED DEV. DEVELOPMENT PROPOSALS/ ACTIVITY ZONING GENERAL PLAN COMMENTS Long Range Property management Plan DISPOSITION STRATEGY 132 Acre Site Based on market comparables land only Performed Per Planning Department Review 11 (a)North Sphere South of Gerald Ford, West of Portola 694-300-001 5.00 10/16/2000 $ 320,000 $500,000.00 $100,000/acre N/A Economic Development N/A N/A No Potential Vacant Land - None Planned Residential 5units/acre Resort/Hotel Commercial Vacant 11 (b)North Sphere South of Gerald Ford, West of Portola 694-300-002 4.69 11/19/2001 Equal Trade for 653-380-025 $469,000 $100,000/acre N/A Economic Development N/A N/A No Potential Vacant Land - None Planned Residential 5units/acre Resort/Hotel Commercial Vacant 11 (c)North Sphere South of Gerald Ford, West of Portola 694-300-005 4.83 11/30/1999 $ 210,000 $483,000 $100,000/acre N/A Economic Development N/A N/A No Potential Vacant Land - None Planned Residential 5units/acre Resort/Hotel Commercial Vacant 11 (d)North Sphere South of Gerald Ford, West of Portola 694-300-006 4.95 10/31/2000 $ 249,770 $495,000 $100,000/acres N/A Economic Development N/A No Potential Vacant Land - None Planned Residential 5units/acre Resort/Hotel Commercial Liquidate/Sell 4.912 acres for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B) . Retain .038 acres for Roadway Improvemetns Vacant, See Legal Description 11 (e)North Sphere South of Gerald Ford, West of Portola 694-300-007 4.18 4/19/2001 In kind trade for 653-380-025 $418,000 $100,000/acre N/A Economic Development N/A N/A No Potential Vacant Land - None Planned Residential 5units/acre Resort/Hotel Commercial Liquidate/Sell 3.859 acres for appraised value and that all Retain .321 acres for Roadway Improvements Vacant, See Legal Description 11 (f)North Sphere South of Gerald Ford, West of Portola 694-310-002 40.47 Vacant 11 (g)North Sphere South of Gerald Ford, East of Monterey 694-310-003 40.46 Vacant Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance Planned Residential 5units/acre Resort/Hotel Comm.D43 Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). 7/16/2002 $ 6,600,000 $10,866,000 $100,000/acre N/A Economic Development Phase I Enviromental 8/4/99 Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). No Potential Vacant Land - None N/A Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). REV. 5/5/14 Page 4 of 8 SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY - LONG RANGE PROPERTY MANAGEMENT PLAN PROPERTY DESCRIPTION APN APPROX ACRES ACQ'N DATE COST EST CURRENT VALUE APPRAISED VALUE (DATE) PURPOSE OF ACQ. REVENUES EXISTING CONTRACTS ENVIROMENTAL STUDIES POTENTIAL TRANSIT ORIENTED DEV. DEVELOPMENT PROPOSALS/ ACTIVITY ZONING GENERAL PLAN COMMENTS Long Range Property management Plan DISPOSITION STRATEGY 11 (h)694-310-005 27.73 Liquidate/Sell 24.73 acres for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B) . Retain 3.0 acres for Retention Basin (Drainage Facility) Retain 3.0 acres for Retention Basin (see legal description) 132.31 Planned Residential 5units/acre Resort/Hotel Comm.D437/16/2002 $ 6,600,000 $10,866,000 $100,000/acre N/A Economic Development Phase I Enviromental 8/4/99 North Sphere South of Gerald Ford, East of Monterey No Potential Vacant Land - None N/A REV. 5/5/14 Page 5 of 8 SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY - LONG RANGE PROPERTY MANAGEMENT PLAN PROPERTY DESCRIPTION APN APPROX ACRES ACQ'N DATE COST EST CURRENT VALUE APPRAISED VALUE (DATE) PURPOSE OF ACQ. REVENUES EXISTING CONTRACTS ENVIROMENTAL STUDIES POTENTIAL TRANSIT ORIENTED DEV. DEVELOPMENT PROPOSALS/ ACTIVITY ZONING GENERAL PLAN COMMENTS Long Range Property management Plan DISPOSITION STRATEGY Desert Willow Lot Pads Based on market comparables land only Performed Per Planning Department Review 620-400-025 14.46 620-400-026 2.40 620-420-008 0.88 620-400-010 16.80 12 (c)620-450-011 0.75 Part of Existing City Owned Recreational Facility 620-450-012 16.91 Pad C - Lot 11 620-450-013 1.37 620-450-014 0.45 12 (c)620-450-015 0.04 Part of Existing City Owned Recreational Facility 12(d)620-450-016 0.85 Improved Parking Lot Improved Parking Lot 620-450-017 0.19 620-450-018 0.67 620-450-020 13.67 12(d)620-450-021 2.10 Existing Public Recreational Facility Part of Existing City Owned Recreational Facility Identified goal in Project Area No. 2 RDA Plan-Preparation of Building SitesNo Potential Planned Residential 10 units/acre Liquidate/Sell 15.38 acres for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). Retain 2.10 acres for Governmental Use (Open Space, Existing Public Recreational Facility) Liquidate/Sell 14.652 acres for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B) . Identified goal in Project Area No. 2 RDA Plan-Preparation of Building Sites Planned Residential 10 units/acre Commercial, Resort Vacant Land- None N/A N/A $2,840,000 (2012)N/A N/A N/AN/A $3,675,000 (2012) N/A Economic Development Planned Residential 5 units/acre N/A N/AN/A 3.028 acres developmed with public parking spaces -Remainder Vacant Land Vacant Land- None Vacant Land- None Retain 3.028 ac. for Public Parking, Serving Existing City Owned Public Recreational Facility (see legal description) Retain 3.028 acre Governmental Use, transfer to the City of Palm Desert, existing Public Parking Lot $3,590,000 (2012) Retain .04 acres for Governmental Use (Open Space, Existing Public Recreational Facility) N/A N/A No Potential Identified goal in Project Area No. 2 RDA Plan-Preparation of Building Sites $7,750,000 (2012)N/APad A - Lot 6Pad A - Lot 6 Various lots acquired at difference times. Maps redrawn and new APN's assigned 12 (c) 12 (a) 12 (b)Pad B - Lot 8 Pad D - Lot 1412(d) N/A N/AEconomic Development N/A Commercial, Resort Commercial, Resort Planned Residential 5 units/acre Economic Development Economic Development No Potential No Potential Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). Retain .75 acres for Governmental Use (Open Space, Part of Existing Public Recreational Facility) Liquidate/Sell 18.73 acres for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). REV. 5/5/14 Page 6 of 8 SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY - LONG RANGE PROPERTY MANAGEMENT PLAN PROPERTY DESCRIPTION APN APPROX ACRES ACQ'N DATE COST EST CURRENT VALUE APPRAISED VALUE (DATE) PURPOSE OF ACQ. REVENUES EXISTING CONTRACTS ENVIROMENTAL STUDIES POTENTIAL TRANSIT ORIENTED DEV. DEVELOPMENT PROPOSALS/ ACTIVITY ZONING GENERAL PLAN COMMENTS Long Range Property management Plan DISPOSITION STRATEGY 620-370-002 0.20 620-370-003 0.20 620-370-004 1.56 620-370-017 0.69 620-370-018 1.02 620-370-020 3.61 620-370-033 0.94 620-370-043 2.92 12 (f)Pad F - Lot 3 620-400-028 19.85 N/A N/A $2,710,000 (2012) Economic Development N/A N/A No Potential 15.522 acres Vacant Land / Existing 4.328 acres Retention Basin Planned Residential 5 units/acre Commercial, Resort Liquidate/Sell 15.522 acres for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B) . Retain 4.328 ac. for Governmental Use- Transfer to City (Retention Basin) Existing 4.328 ac. Retention Basin (see legel description) 620-430-024 4.67 620-430-025 4.67 108.13 Phase I Enviromental No Potential Vacant Land- None Existing Parking Lots Use Agreement with JW Marriott Resort & Spa. $1.00/month, Month to Month Contract 6/29/2007 9,752,822$ N/A $4,670,000 (2012) No Potential 10/15/1991 635,164$ N/A $3,100,000 (2012) Economic Development Economic Development N/A Planned Residential 5 units/acre Commercial, Office ProfessionalN/A Vacant Land Vacant Land Vacant Land- None Planned Commercial Commercial, Resort Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). Liquidate/Sell Property for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2)(B). Pad G - Fronts CC DrivePad G - Fronts CC Drive 12 (e)Pad E - Desert Marketplace 12 (g) REV. 5/5/14 Page 7 of 8 SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY - LONG RANGE PROPERTY MANAGEMENT PLAN PROPERTY DESCRIPTION APN APPROX ACRES ACQ'N DATE COST EST CURRENT VALUE APPRAISED VALUE (DATE) PURPOSE OF ACQ. REVENUES EXISTING CONTRACTS ENVIROMENTAL STUDIES POTENTIAL TRANSIT ORIENTED DEV. DEVELOPMENT PROPOSALS/ ACTIVITY ZONING GENERAL PLAN COMMENTS Long Range Property management Plan DISPOSITION STRATEGY Casey's Restaurant Based on market comparables land only Performed Per Planning Department Review 13 42-455 Washinton Street 637-071-002 2.924 9/30/2005 $5,675,000 Full 2.87 acre site N/A $1,200,000 1.66ac (2011) Economic Development $6,962.74/mo. Restaurant Lease thru 2016 Phase I Environmental Lead & Asbestos 10/2005 No Potential Existing Restaurant 4,943 sf / Vacant Land Planned Commercial Community Commercial Liquidate/Sell 1.64 acres for appraised value and that all proceeds of the sale be distributed as property taxes to the affected taxing entities, in accordance with the terms of Health and Safety Section 34191.5(c)(2) (B). Retain 1.284 acres for Governmental Use (Affordable Housing Project) Existing Casey's Restaurant/Vacant Land. 1.284 acres for Carlos Ortega Villas Affordable Senior Housing Project under design Hillside Open Space 14 Hillside 628-120-001 3.80 12/30/2008 $ 600,000 N/A $600,000 (2008) Open Space N/A N/A No Potential None Open Space Open Space Public Reserves Hillside Vacant Open Space See Attached List of Successor Agency Dedications, DDA's, Easements, MOU's (Exhibit A) Retain for Governmental Use (Open Space) Assign to City of Palm Desert REV. 5/5/14 Page 8 of 8