Report Prepared by: Kenneth Rozell, Senior Deputy City Attorney
Title
SUBJECT: Transfer of 19th and "N" Streets Property to Merced Designated Local Authority
REPORT IN BRIEF
Authorizes transfer of the property at 19th and "N" Streets to the Merced Designated Local Authority, which - in turn - will license the property to UC Merced as a construction staging site for UC Merced's new downtown administrative building project.
RECOMMENDATION
Parking Authority - Adopt a motion authorizing the Executive Director of the Parking Authority to sign all necessary documents to facilitate the transfer of the parcel at the corner of 19th and "N" Streets to the Merced Designated Local Authority, the successor agency to the Merced Redevelopment Agency.
ALTERNATIVES
1. Approve as recommended;
2. Refer back to staff with specific direction;
3. Take no further action regarding this matter.
Body
AUTHORITY
Streets and Highways Code Section 32500, et seq.
CITY COUNCIL PRIORITIES
Not Applicable.
DISCUSSION
In January 2011, the City of Merced and the Merced Redevelopment Agency took a series of steps to protect the important assets of the Merced Redevelopment Agency from a then pending effort by the State of California pursuant to AB 1x 26 and AB 1x 27 to take the assets for the benefit of the State of California.
Like a number of other redevelopment agencies around the state of California, the Merced Redevelopment Agency transferred a variety of assets to another entity. For Merced, it was to the City of Merced Public Financing and Economic Development Authority ("PFEDA"). Until all redevelopment agencies in California were dissolved in February 2012, PFEDA continued acting on behalf of the Merced Redevelopment Agency in fulfilling the mission of the agency - including funding the construction of affordable housing and needed public infrastructure within the City of Merced.
PFEDA subsequently transferred certain assets to the City of Merced ...
Click here for full text