CATHEDRAL CITY SUCCESSOR AGENCY LONG-RANGE PROPERTY MANAGEMENT PLAN
CATHEDRAL CITY SUCCESSOR AGENCY LONG-RANGE PROPERTY MANAGEMENT PLAN
Asset 19: 68-600 – 68-618 East Palm Canyon Drive
Vacant Lot / Land
Parcel Data
Address 68-600 – 68-618 East Palm Canyon Drive
APN 687-475-001
Lot Size 1.818 acres
Use Vacant Lot / Land
Zoning Mixed Use Commercial
Current Title Cathedral City Redevelopment Agency
Acquisition & Valuation Information
Purchase Date 9/24/1996
Purchase Price $1,378,781
Purpose Blight Remediation
Estimate of Current
Value $326,000
Method of Valuation Fair market value
Revenues Generated by Property & Contractual Requirements City / Successor Agency
Lease Agreement This property does not generate revenues.
Overview of Environmental Contamination, Remediation Efforts and Other Deficiencies
None This property does not have a history of environmental contamination.
Transit-Oriented Development & Advancement of Agency Planning Objectives Potential for TOD Not applicable
Agency Planning
Objectives Market and offer for sale (liquidate)
Recommendation for Disposition
Liquidate This property will be sold as part of Cathedral City’s B -1 Civic Center Block.