REPORT TO COUNCIL AND SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF SANTA CLARA
SUBJECT
Title
Action on Resolution Declaring Two Successor Agency Sites located at 5101 and 5201 Great America Parkway as Surplus Land as Required by State Law [APNs: 104-55-012 and 104-55-013]
Report
COUNCIL PILLAR
Enhance Community Engagement and Transparency
EXECUTIVE SUMMARY
The Successor Agency owns two former Redevelopment Agency sites that are required to be sold under State Redevelopment Dissolution Laws (Techmart Office Parcel located at 5201 Great America Parkway and Hyatt Hotel Parcel located at 5101 Great America Parkway). Under separate State Laws, these same properties are also considered to be no longer necessary for the Successor Agency's use and are therefore "eligible for development" (Attached - List of the Surplus Properties).
Effective January 1, 2020, Assembly Bill (AB) No. 1486 amended the State Surplus Land Act (SLA) to require a local agency to formally declare publicly-owned property no longer used for the agency's expressed purpose as surplus land before beginning the disposition process. Unless the land is exempt from the SLA, the declaration must be made by the legislative body of the local agency and should be supported by written findings. Surplus land must follow a statutory noticing and negotiation period with certain designated entities, including eligible housing sponsors defined by the California Department of Housing and Community Development (HCD).
BACKGROUND
Successor Agency Properties and Long-Range Property Management Plan
Under 2011 Redevelopment Dissolution Laws, all former Redevelopment Agencies in California were required to sell their assets, retire all debt and dissolve. Any net unrestricted proceeds earned by the Successor Agencies prior to dissolution are to be distributed to the taxing entities (e.g., County, school districts, and special districts) on a pro rata basis.
Ownership of the properties own...
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