SuccessorAgency to the Orange Redevelopment Agency
Long -Range Property Management Plan 126
Property No. 9 — 307 E. Chapman Avenue located at the northeast corner of E. Chapman Ave.
Grand St.
Description of the property and environmental setting:
A. Acquisition Information - Acquired October 24, 2006. The value of the property at the time of purchase was $2, 400,000.
B. Purpose of Acquisition — The property wasacquiredfor governmentaluseaspart of long -range planning for future Civic Center and library uses. There is a historic mansion and carriage house that are contributing structuresto the Old TowneHistoricDistrict. Theexistingstructureis currently usedasan office building. Based upon the Five -Year Implementation Plan, the property is one of five future community facilities sites within the Orange Civic Center. The site is anticipated to alleviate certain environmental deficiencies and to serve as a location for the development of public services and public facilities.
C. Parceldata —The property addressis307E. ChapmanAvenue, Orange, CA. Theassessor's parcelnumber is 039 - 253 -23. Thelot sizeis 18,261squarefeet or 0.42 acresandcurrently housesa single7, 500square foot office building. Current zoning is designated as Old Town Mixed Use -15.
D. Current Value - Estimate of the current value of the parcel is Zero. The site requires maintenance and upkeep but does not generate revenue and thus operates at a negative value.
E. Revenue Generated by the Property - Annual leaserevenuegeneratedfrom this site is approximately 90, 000. The annual property maintenance is listed as Item 110 in ROPS14 -15B. The lease revenue is reported on the CashBalance Form every six months as part of the ROPSprocess.
F. Environmental Contamination or Remediation - There is no known history of environmental contamination or remediation efforts at this site.
Successor Agency to the Orange Redevelopment Agency
Long -Range Property Management Plan 127
G. Descriptionof the property's potential for transit - oriented development and the advancementof the planning objectives — Thereis no potential for transit - oriented developmentidentified in relationshipto this site. The site does meet the goalsand objectivesof the former redevelopmentplan includingthe Five -Year ImplementationPlan (both of which were consistentwith the City of OrangeComprehensive GeneralPlan) throughthestimulationofconstruction, financingof publicfacilities, eliminationof physical and economic blight, elimination of environmental deficiencies, land assembly and reconstruction / rehabilitation efforts.
H. Historyof previousdevelopmentproposalsandactivity - Thereis no historyof previousdevelopment proposalsor activity for this site other than as a part of long -range planningfor future CivicCenter expansion to the main Library.
Use /Disposition of Property
The SuccessorAgency intends to transfer the Property to the City of Orange to be dedicated for GovernmentalUse, specificallyfor future developmentof civic centerfacilities includingfuture library facilities. This project has been fully described in the Orange RedevelopmentAgency Five -Year Implementation Plan to support Roadwayand Infrastructure Improvement Program. The property is vacantand was acquiredfor redevelopmentpurposesto providefor future publicimprovements. The OrangeMergedand AmendedRedevelopmentPlanfurther describedredevelopmentpurposesfor proposedpublicinfrastructureprojectsto includefuture civiccenterexpansionand future library facilities.
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Successor Agency to the Orange Redevelopment Agency
Long -Range Property Management Plan 128
Property No. 10 —124 - 142 S. Grand Street between Almond Ave. and ChapmanAve.
Description of the property and environmental setting:
A. Acquisition Information - Acquired September 10, 2007. The value of the property at the time of purchase was $1, 460,000.
B. Purpose of Acquisition - The property was acquired for governmental use as a site for future civic center expansion. Theproperty was purchasedto alleviatecertain environmentaldeficiencies, and to develop publicservicesandfacilities. Theacquisitionswould allowfor greaterflexibility in planningfor future land usesin and around CivicCenterarea. The site is improvedwith a two -story ten -unit apartmentcomplex originally constructed in 1958. This acquisition resulted in the City owning the entire west side of Grand Street between Chapman and Almond Avenues, near the Civic Center areas.
C. Parcel data — Theproperty addressis 124 -142 S. GrandStreet, Orange, CA. Theassessor's parcelnumber is 390 - 382 -07. The lot sizeis 7, 841squarefeet or 0.18 acres. The current zoningdesignationis Office Professional ( OP).
D. Current Value - Estimate of the current value of the parcel is Zero. The site requires monthly maintenance.
E. Revenue Generated by the Property — Annual leaserevenuesgeneratedfrom this site is approximately 70, 000. Theleaserevenueis reporton the CashBalanceFormeverysixmonthsaspartof the ROPS process.
F. Environmental Contamination or Remediation - A Phase I Environmental Assessment was to be completed by Converse Consultants before escrow closing in 2007. No additional information was identified.
G. Descriptionof the property's potential for transit- oriented developmentand the advancementof the planning objectives — Thereis no potential for transit- oriented developmentidentified in relationshipto this site. The site does meet the goalsand objectivesof the former redevelopmentplan includingthe five -year implementation (both of whichwere consistentwith the Cityof OrangeComprehensiveGeneral SuccessorAgency to the Orange Redevelopment Agency
Long -Range PropertyManagementPlan129
Plan) throughthe stimulationof construction, financingof publicfacilities, eliminationof physicaland economic blight, elimination of environmental deficiencies, land assembly and reconstruction / rehabilitation efforts.
H. Historyof previousdevelopmentproposalsandactivity - Thereis no historyof previousdevelopment proposalsor activityforthissiteotherthanasasiteforfutureciviccenterexpansion.
Use /Disposition of Property
TheSuccessorAgencyintendsto transferthe Propertyto the Cityof Orangeto be dedicatedfor GovernmentalUse, specificallyfor futurepublicparkingandfuture civiccenterpurposes. Thisproject hasbeenfullydescribedintheOrangeRedevelopmentAgencyFive -YearImplementationPlanto support Public Parking Lot Development in Old Towne. Upon funding availability, the property would be developedto supportfuture civiccenterexpansionandfuture publicparkingfacilities. Theoriginal Southwest RedevelopmentPlan and the OrangeMerged and Amended RedevelopmentPlanfurther described redevelopment purposes to include funding for various on -site parking improvements, including parking structures and future civic center expansion. titAV' r_ i