Report to Successor Agency
Tuesday, December 15, 2020
Consent
SUBJECT:
Title
CONSIDER RESOLUTION NO. 20-12-CSA APPROVING THE PURCHASE AND SALE AGREEMENT FOR REAL PROPERTY AND JOINT ESCROW INSTRUCTIONS FOR SALE OF PROPERTY LOCATED AT 20820 S. MAIN STREET TO THE CITY OF CARSON (SUCCESSOR AGENCY)
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I. SUMMARY
The Carson Successor Agency ("CSA") currently owns property located at 20820 S. Main Street in the city of Carson (APNs #7336-016-900 through 906, inclusive) ("Property"), as visually depicted under the Vicinity Map (Exhibit No. 1). The Property is composed of seven adjacent vacant parcels, totaling 0.58 acres, located on the southeast corner of Main Street and Torrance Boulevard. Under the proposed Purchase and Sale Agreement ("PSA") (Exhibit No. 2) the CSA would sell the Property to the City of Carson for $885,000, which is the appraised fair market value of the Property as determined by the appraisal conducted by Anderson & Brabant, Inc. Sale proceeds for this transaction by the CSA would be remitted to the County to be disbursed to the local taxing entities.
II. RECOMMENDATION
Recommendation
1. WAIVE further reading and ADOPT Resolution No. 20-12-CSA "A RESOLUTION OF THE SUCCESSOR AGENCY OF THE CITY OF CARSON, CALIFORNIA, APPROVING THE PURCHASE AND SALE AGREEMENT FOR REAL PROPERTY AND JOINT ESCROW INSTRUCTIONS TO SELL THE PROPERTY LOCATED AT 20820 S. MAIN STREET TO THE CITY OF CARSON."
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III. ALTERNATIVES
Take another action deemed appropriate by the Agency Board.
IV. BACKGROUND
On February 1, 2012, pursuant to State law, redevelopment agencies were dissolved and were replaced by successor agencies. The non-housing real estate holdings of the former redevelopment agencies became the property of the newly created successor agencies.
The CSA retained nine properties. Per the State Department of Finance ("DOF"), before the CSA could dispose of any of its properties it had to prepare a Long-Range Property Management Plan ("LRPMP") that ...
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