Long-Range Property Management Plan
City of Fullerton Successor Agency
December 2015
Asset #9: Santa Fe Avenue (north side between Harbor and Malden) Public Parking (I
t should be noted that the SA’s DOF Analyst requested additional maps/graphics to be prepared. These maps/graphics are included in Appendix C) Parcel Data – Asset #9
Address 131 W. Santa Fe Avenue
APN 032-242-15, 032-242-16, 032-242-17
Lot Size 17,500
Use Public Parking Lot
Zoning C-3 (Central Business District Commercial)
Current Title
Future Title
Fullerton Successor Agency
City of Fullerton
Acquisition & Valuation Information – Asset #9
Purchase Date 1997 & 2002
Purchase Price $79,037
Funding Source Tax increment revenue and/or bond proceeds.
Purpose Provide public parking to support Fullerton Central Business District per the Restaurant Overlay District.
Estimate of Current Value $609,182
Method of Valuation County Assessor Data
ATTACHMENT #2
Long-Range Property Management Plan
City of Fullerton Successor Agency
December 2015
Revenues Generated by Property & Contractual Requirements – Asset #9 City / Successor
Agency Lease
Agreement
No revenue is generated. The parking is free to the public. The City currently maintains public parking lots. In fiscal year 2014-15, the City spent $330,850 to maintain the public parking lots in the Central Business District (downtown area), which includes this lot. These properties are included within the previously described Downtown Restaurant Overlay District. The ROD, formed on December 3, 2002 by Ordinance No. 3022 and described in Chapter 15.67 of the Fullerton Municipal Code, was established as a tool for the City to use when implementing its redevelopment goals, objectives, and programs (see Appendix D). The ROD is intended to allow restaurants to expand and/or locate in and around the Central Business District without the need to provide on-site parking or to obtain a Conditional Use Permit, as part of the City’s broader effort to revitalize the Downtown.
History of Environmental Contamination or Remediation Efforts – Asset #9 None There is no known history of environmental contamination or remediation on this site.
Transit-Oriented Development & Advancement of Agency Planning Objectives – Asset #9 Potential for TOD
High potential for transit oriented development. The property is located within close proximity (0.2 miles/ 4 minute walk) of the Fullerton Transportation Center, which provides access to Amtrak, Metrolink, and the OCTA bus system.
Agency Planning Objectives
Maintain public parking and continue to work toward
increasing parking to address current and future parking needs in the Downtown and Fullerton Transportation Center areas. In addition, continue to be in compliance with the ROD.
Brief History of Previous Development Proposals and Activities – Asset #9 History
There have been no previous development attempts as the property is encumbered with a restaurant overlay. This overlay states that under the city’s classification of restraint, no additional parking has to be provided when restaurants move to the area.
Recommendation for Disposition – Asset #9
Retain For
Government
Use
Property to be transferred to City of Fullerton for governmental use pursuant to SB 107, as a parking facility or lot dedicated solely to public parking.
Long-Range Property Management Plan
City of Fullerton Successor Agency
December 2015
DOF Directive (per October 20, 2015 letter)
DOF states that pursuant to H&SC Section 34191.5, the SA is required to provide the purchase value and estimated current value for each property/parcel (asset) identified in the LRPMP, including the basis (source) for the estimated current value.
Response: This revised LRPMP includes the purchase value, estimated value, and source of the estimated current value for Asset No. 9 as required.