Item #10 5/24/22
City Council
Item #10: Resolution
Declaring the Loyalton
Property Surplus
1852
THE MISSION CIT RTC #22-548
May 24, 2022
• SILICON
VALLEY
POWER
CITY OF SANTA CLARA
Background
• Loyalton Property - 10,270 rural acres of undeveloped land in Lassen and Sierra Counties near the California-Nevada border
• Purchased the property with Electric Utility funds in 1977 for $1,613,850 • December 14, 2021 - City Council directed staff to develop a strategy for the sale of Loyalton
• March 8, 2022 - City Council voted to Note and File the Strategy and Next Steps for the sale of Loyalton
- Complete an updated Appraisal for the property.
- Schedule tours of the property for Councilmembers who are interested to visit the site.
- Schedule for City Council consideration declaration of the property as Surplus Land.
POST MEETING MATERIAL
1 SILICON
VALLEY
POWER.
CITY OF SANTA CLARA
Discussion
Updated Appraisal - Completed
- Valbridge Property Advisers completed an appraisal for the property (Attachment 1).
The property was appraised at $4,370,000.
City Council Member's Visited Loyalton
- Completed on April 26
Consideration to Declare of Property As Surplus
- Resolution declares the property as Surplus Land.
- Council finds that the City owns the Property in fee simple, the City does not currently use it, and the City has no written or adopted plan for future use. - Council finds that the Property has not been suitable for its intended electric utility purposes.
- The Property is no longer necessary for the City's use or operations and thus should be declared surplus.
SILICON
VALLEY
POWER.
CITY OF SANTA CLARA
Next Steps
• Notice of Availability
- If the City Council adopts the proposed Resolution declaring the Loyalton Ranch as Surplus Land, staff will proceed with issuing a Notice of Availability (NOA)
• After the City issues the NOA, it cannot take any action to dispose of the Loyalton Ranch Property for 60 days
• If the City receives one or more responses to the NOA within those 60 days, the City must engage in good faith negotiations with the responding parties for at least 90 days
• There are specific requirements regarding accepting and rejecting certain types of offers, and the City will provide the City Council with any necessary updates as the process continues
2 City Council
ATTA CLARA ONE
Item #10: Resolution
Declaring the Loyalton
Property Surplus
1852
THE MISSION CIN RTC #22-548
May 24, 2022
3 5/a4po2a
Ilean 10
Melissa Lee
From: Tahir Naim < [email protected]>
Sent: Tuesday, May 24, 2022 8:46 AM
To: Mayor and Council
Subject: Loyalton Ranch Surplusage
Hi,
has already occurred, i suent an arassed disposal or better, a and swap if possible rect transmission to our far as a land swap it possible
As I recall my home electricity is now "all solar" through the use of offset purchases by SVP.
If already evaluated and eliminated, let's get rid of this property from our books. Hopefully the value of mineral rights, if any, have been considered.
Sincerely,
Tahir J. Naim
POST MEETING MATERIAL