City Council Agenda
Memo to:
Manteca City Council
From:
Toni Lundgren, City Manager
Prepared by:
Vielka Guarascio, Homeless and Housing Services Manager
Date:
October 21, 2024
Subject:
Sale of Real Property Located at 282 N. Airport Way for the Development of Multi-family Apartment Complex.
Recommendation:
title
Adopt a resolution approving a Disposition and Development Agreement for the sale of real property located at 282 N. Airport Way for the development of multi-family apartment complex, authorize the Mayor to sign the Development Agreement, and authorize the City Manager to sign all documents necessary to effectuate the Development Agreement.
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Background:
The City is the owner of Accessor Parcel Number ("APN") 200-140-020-000, a 3.7-acre undeveloped property located at 282 N. Airport Way in the City of Manteca, California ("Property"). In 2006, the former Manteca Redevelopment Agency ("Former Agency") awarded a grant to a nonprofit corporation for the purpose of supporting the development of low- and moderate-income housing. The nonprofit corporation did not develop the Property, and in 2010, the Former Agency accepted the conveyance of the Property in lieu of enforcing its rights under the grant agreement.
Pursuant to the Dissolution Act (AB XI 26, as amended), the Former Agency was dissolved as of February 1, 2012, and the Successor Agency to the Manteca Redevelopment Agency ("Successor Agency") was established to serve as the successor agency to the Former Agency. Initially, the Property was transferred to the Successor Agency by operation of law upon the dissolution of the Former Agency. Subsequently, the Property transferred from the Successor Agency to the City as the housing successor to the Former Agency ("Housing Successor").
On June 21, 2022, the Manteca City Council declared the subject property surplus per Resolution R2022-106. On May 3, 2023, the City published the required Notice of Availability ("NOA") and notified ...
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