Agenda Item No: L.1
AGENDA REPORT
DATE: April 1, 2025
TO: Board of Directors of the Successor Agency to the Fairfield Redevelopment Agency
FROM: David Gassaway, Executive Director
SUBJECT: Resolution SA2025-01 CD Termination Document for APN 0148-540-030
Approving and Authorizing the Execution of the Termination of Recorded Documents Affecting Real Property Located on Mangels Boulevard More Commonly Known as Assessor Parcel Number 0148-540-030
Funding Source: N/A
Contact: Jennifer Rice, (707) 428-7727
RECOMMENDED ACTION
Adopt resolution.
STATEMENT OF ISSUE
The Successor Agency to the Fairfield Redevelopment Agency (Successor Agency) is the owner of the property located on Mangels Boulevard, more commonly known as Assessor Parcel Number (APN) 0148 -540-030 (Property). It would like to have several items related to an expired Disposition and Development Agreement and subsequent amendments removed from the title.
DISCUSSION
The Successor Agency is the current owner of the Property previously encumbered by a Disposition and Development Agreement (DDA) between the Fairfield Redevelopment Agency and HJ Shein, Inc., a memorandum of which was recorded on February 18, 2000. The DDA was amended six times, with a memorandum recorded for each amendment (collectively, the DDA).
The DDA expired on June 4, 2024, and the Successor Agency would now like to have the DDA removed from the title to provide a clear and updated title report to any future buyers.
Staff worked with the City Attorney’ s Office to draft the proposed Termination of Record Affecting Real Property (Termination Document) and are looking for approval from the Board to allow the executive director to execute and record the Termination Document.
FINANCIAL IMPACT
N/A
PUBLIC CONTACT/ADVISORY BODY RECOMMENDATION
N/A
ALTERNATIVE ACTION
The Board of Directors may choose to modify the proposed Termination Document.
COORDINATED WITH
City Attorney’s Office
STAFF CONTACT
Jennifer Rice, Economic Development Specialist
(707) 428-7727
[email protected]
ATTACHMENTS
Attachment 2: Proposed Resolution
Attachment 3: Exhibit A - Termination of Recorded Documents Affecting Real Property