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02-03-2004 - Development of City Properties Located at Morganfield Avenue & Valley Boulevard (APN #'s 8742-013-900 & 8742-013-901)City of West Covina Memorandum AGENDA TO: Andrew G. Pasmant, City Manager and the City Council FROM: Christopher J. Chung Redevelopment Director ITEM NO. E-3 DATE February 3, 2004 SUBJECT: DEVELOPMENT OF CITY ._ PROPERTIES LOCATED AT MORGANFIELD AVENUE AND VALLEY BOULEVARD (APN NOS. 8742-013-900 & 8742-013-901) RECOMMENDATION: It is recommended that theCity Council direct Planning staff to ,conduct a community meeting to obtain public input. DISCUSSION: This item was carried over from a previous (January 20, 2004) meeting. The City of West Covina received two unsolicited requests (Attachment Nos. I and. 2) from developers (Dynamic and D.C. Corporation) asking to enter into negotiations for City -owned properties located at the northwest and northeast corners of Morganfield Avenue and Valley Boulevard (Attachment Nos. 3, 4 and 5). Both developers are proposing single-family residential development on the sites. In addition, D.C. Corporation also showed interest in the future property at the Alameda Corridor East (ACE) project, which is located at the northeast corner of Valley Boulevard and Nogales Street (Attachment No. 6). However, this property is under the ownership of ACE and will not be available until spring 2005. The Morganfield .Avenue and Valley Boulevard sites are approximately 2.45 acres (106,720 square feet) total. The City was granted these properties, in 1963 under a tract map dedication. The properties are currently zoned for Public Building (P-B) and surrounded entirely on the north by residential (Single Family and Medium Density Multiple Family) zones. Public Works estimates that the City's annual cost to maintain the sites is $4,000 (irrigation and mowing) per annum. Staff recommends that a community meeting be held by the Planning Department to obtain input from adjacent residents regarding the sale of the properties and the type of density of the development. Upon receiving community input, the City Council may direct staff to solicit development proposals in which Dynamic and D.C. Corporation can participate. In doing so, the City would benefit by the following: • Gauge what the market value is for the properties and potentially obtain the highest price for the City. • Gauge the type of development that may occur. • Sell the properties and eliminate the maintenance costs. The City Attorney's office reviewed related tract maps and easements identified in a preliminary title report. Legal Counsel is of the opinion that the preliminary review has not uncovered any restrictions that would prohibit the City from selling the sites. Should the City desire to sell the properties, there would be procedural issues that would need to be taken into consideration. Under Government Code 54222, the City is required to provide a written offer to sell or lease the properties (for a period of 60-days) to all public agencies, which would include the Community Development Commission (CDC). As a result, the CDC would have the opportunity to submit an offer to purchase the properties at that time. ecd631bc2 a City Manager and the -City Council February 3, 2004 ► Page 2 Alternatives: The City Council has several options available: 1) Direct Planning staff to conduct a community meeting prior to considering any proposals. 2) Direct CDC staff to solicit development proposals for specific land uses (RFP's). 3) Direct CDC staff to negotiate an ENA with Dynamic or D.C. Corporation to be brought back for future CDC consideration. 4) Direct CDC staff to reject the requests from Dynamic and D.C. Corporation. 5) ,Direct CDC staff not to pursue any development at this time. FISCAL IMPACT: The expense to solicit development proposals may be less than $500.00. Staff believes that a ballpark estimate of land value for residential development can range from $8 to $12 per square foot, yielding approximately $850,000 to $1.28 million. PrepzVed b Benj in Cendejas Reviewed by: Mike Lee Community Planner Redevelopment Manager old MAA'lv/,(ez-Glasman Planning xecteveiopment liirector city Attorney Attachments: No. 1 — Proposal from Dynamic No. 2 — Proposal from D.C. Corporation No. 3 — Site Map No. 4— Aerial No. 5 — Photo of Sites No. 6 — ACE Project Site Plan ecd631bc2 { Mts ATTACHMENT NO. 1 1 11Y A MI GROUP OF COMPANIES wins V1414M d � November 07, 2003 CITY OF WEST COVINA c/o Mayor Steve Herfert West Covina City Hall 1444 West Garvey Ave. West Covina, CA 91790 RE: EXCLUSIVE NEGOTIATION AGREEMENT Dear Sirs & Madam: We would like to enter into an Exclusive Negotiation Agreement between the City of West Covina and The Dynamic Group of Companies. We are interested in developing the site on Morgan Field Strip located at Valley Blvd. and Morgan Field Avenue, just outside the Galaxy Tract, the east and west sides both are vacant lands and we would like to build a residential community. We thank you for your time and the opportunity to hear us out. In hopes to hear from you soon, I remain Truly CEO/Pres. CC: Mr. Mike Miller, Mayor Pro -Tern Mr. Roger Hernandez, Council Member Ms. Shelley Sanderson, Council Member Mr. Ben Wong, Council Member Mr. Andrew Pasmant, City Manager Mr. Chris Chung, Development Director REDEVELOPMENT AGENCY NOV 1 2 2003 'YEST GUVINA 1050 Lakes Drive, Suite 130 • West Covina, CA 91790 Office 626.931.1466 - Fax 626.931.1470 - e-mail: dynamic@norente.com i ATTACHMENT NO.2 D.0 Corporation RECEIVED $l�G�liiGliL ro- t-,eY DreR t DEC 11 A10 :49 WEST "'0ViNA LiTY i'aFJV3f f December 11,2003 Dear Mr. Pasmant, This letter is a request to negotiate the purchase of two sites owned by the City of. West Covina. The first site we are interested in is located at the corner of Morganfield Avenue and Lanesboro Drive. (See attachment #1) The legal description is Lots 96 and 297 of Tract No. 27665, in the City of West Covina, County of Los Angeles, State of California, as shown in map recorded in Book 697, Pages 81 through 87, inclusive of Maps, Records of Los Angeles County. The second site we are interested in is located at the corner of Valley boulevard and Nogales. (See attachment #2) The legal description is Those portions of Lots 47 and 48 of Forster & Rowland Tract, in the City of West Covina, county of Los Angeles, State of California, as shown on map recorded in Book 20, Pages 14 and 15 of Maps, Records of Los Angles county lying Westerly of the Easterly line of land described in deed to Feseas Investment, a partnership recorded July 1,1969 as Instrument No.1459 of Official Records, Records of Los Angeles County. Please advise us of the availability of these properties and the procedure for tendering a purchase offer for them. Your assistances in this matter is greatly appreciated. Sincerely, e Don • ATTACHMENT NO.3 W U) ATTACHMENT NO.4 9 ATTACHMENT NO. 5 f 1 n