|
Title:
|
REPORT - APPROVAL OF REAL PROPERTY EXCHANGE AGREEMENT FOR CITY HALL CAMPUS (90 & 100 SANTA ROSA AVENUE (PORTION), 631 & 655 1ST STREET) AND 520 3RD STREET; DECLARATION OF EXEMPT SURPLUS LAND; AND RELATED ACTIONS
BACKGROUND: The proposed Exchange Agreement advances vital community benefits in Downtown Santa Rosa while delivering a fiscally responsible strategy to reduce taxpayer exposure to the significant costs, risks, and long-term liabilities associated with the current City Hall facility.
By exchanging a severely deteriorated City Hall Campus for the property at 520 3rd Street, the City can establish a centralized "one-stop" civic hub, eliminate more than $100 million in capital liabilities, and reposition core downtown land for private investment. To execute this strategy, the City will convey the Exchange Property to MOTS LLC (while retaining a 1.61-acre portion of 100 Santa Rosa Avenue that contains critical Santa Rosa Creek and Matanzas Creek flood control infrastructure), acq...
|
|
Indexes:
|
EIR Previously Certified by City Council
|