Title
a. Approve the sale of two parcels located at 183 Soledad Street, Soledad California (APNs 022-026-001 and 022-026-002) (“the parcels”) to the Soledad Unified School District by the City of Soledad and the City of Soledad Successor Agency to the Soledad Redevelopment Agency;
b. Accept the County of Monterey’s share, on behalf of the County General Fund, County Library Fund, and Educational Revenue Augmentation Fund, of the net unrestricted proceeds from the sale of the parcels; and
c. Authorize the County Administrative Officer to execute all necessary documents to effectuate the transfer of proceeds.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Approve the sale of two parcels located at 183 Soledad Street, Soledad California (APNs 022-026-001 and 022-026-002) (“the parcels”) to the Soledad Unified School District by the City of Soledad and the City of Soledad Successor Agency to the Soledad Redevelopment Agency;
b. Accept the County of Monterey’s share, on behalf of the County General Fund, County Library Fund, and Educational Revenue Augmentation Fund, of the net unrestricted proceeds from the sale of the parcels; and
c. Authorize the County Administrative Officer to execute all necessary documents to effectuate the transfer of proceeds.
SUMMARY/DISCUSSION:
The Redevelopment Dissolution Act (ABx1 26 and AB 1484) and ensuing court actions, eliminated all redevelopment agencies in the state on January 31, 2012 and established procedures for disposing agency assets. To help facilitate the wind-down process at the local level, successor agencies were established to manage redevelopment projects currently underway, make payments on enforceable obligations, and dispose of redevelopment assets and properties. Accordingly, the City of Soledad Redevelopment Agency (“City Redevelopment Agency”) was dissolved and the City of Soledad Successor Agency (“Successor Agency”) became its successor in interest.
Pursuant to Health and Safet...
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