AGENDA PROPERTY MANAGEMENT COMMITTEE MEETING ...

AGENDA ITEM SUBMITTALMeeting Date: March 22, 2013To: Property Management Cte./Board of DirectorsFrom: Mike MarkusStaff Contact: B. Dosier/D. JacksonBudgeted: N/ABudgeted Amount: N/ACost Estimate: N/AFunding Source: N/AProgram/ Line Item No. N/AGeneral Counsel Approval: N/AEngineers/Feasibility Report: N/ACEQA Compliance: N/ASubject:STATUS OF SOUTH STREET PROPERTY IN ANAHEIMSUMMARYStaff and Family Development Group (FDG) are negotiating a Purchase Agreement for thesurplussed South Street properties (Properties). Staff will update the Committee on thestatus of the property.RECOMMENDATIONInformational.BACKGROUND/ANALYSISOn May 4, 2011 the Board approved the preparation and authorized the execution of anExclusive Due Diligence and License Agreement with Family Development, Inc. (FDG) toevaluate the feasibility of developing residential housing on the surplussed properties(Property), including both a one acre parcel declared surplus in 2001 and 2.5 acre parcelsdeclared surplus in 2010.The FDG agreement expired on April 28, 2012, however, at the September 5 Boardmeeting, staff was authorized to negotiate price and terms for the Properties and return tothe Board for consideration. Subsequently, Mr. Barbato provided a letter of intent with anoffer to purchase the Property and at the November 7 Board meeting the Board authorizedstaff to provide a counter-offer, which was accepted by FDG. Staff and FDG arenegotiating a Purchase and Sales Agreement. As part of the negotiation, staff and FDGare discussing the relocation of the District’s Pump House located on the Property thatcontains the water connection for the irrigation system for the mitigation area and to fill theDistrict’s water truck for dust control may have to be relocated and; 2) the legal descriptionrevision required for Parcel 1, the 2.2 acre parcel south of South Street, to remove the bikeand pedestrian trail from the parcel.Staff will update the Committee on the status of the Property