AGENDA REPORT
REQUEST FOR CORONA HOUSING AUTHORITY ACTION
DATE: 4/17/2019
TO: Honorable Corona Housing Authority Chairman and Board Members
FROM: Community Development Department
SUBJECT:
Title
Corona Housing Authority consideration of the purchase of surplus property owned by Riverside County Transportation Commission (RCTC) located at the southeast and southwest corners of Buena Vista Avenue and Second Street (APNs 118-302-014, 118-270-002 and 118-270-003).
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RECOMMENDED ACTION:
Recommended action
That the City of Corona Housing Authority:
1. Approve the Agreement for Purchase and Sale of Real Property and Escrow Instruction for Portions of APNs 118-270-002, 118-270-003 & 118-302-014, RCTC surplus property, for future affordable housing.
2. Authorize an appropriation of $2,100,000 from Fund 291 (Corona Housing Authority) to pay RCTC the purchase price, escrow fees and conduct environmental analysis and any necessary due diligence activity in furtherance of this action.
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ANALYSIS:
Background
Prior to the construction of the State Route 91 Improvement Project, Riverside County Transportation Commission (RCTC) acquired certain properties along the freeway to accommodate the widening improvement. Now that the widening project is done, RCTC is selling surplus property along the freeway that is no longer needed in accordance with California Government Code ? 54222. For informational purposes, ?54222 of the California Government Code states any local agency disposing of surplus land shall send prior to disposing of that property, a written offer to sell or lease the property for the purpose of: a) developing low and moderate income housing as defined in Section 50079 of the Health and Safety Code, within whose jurisdiction the surplus land is located, b) park and recreational purposes or open space, c) school facilities construction, d) enterprise zone purposes, and e) developing property located within an infill opportunity zone design...
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