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), acquire 520 3rd Street, and appropriate
$4,500,000 from previously assigned General Fund Reserves and
$46,868 from available General Fund Reserves for the net purchase
price differential of $4,546,868 based on valuations informed by
independent appraisals and facilities reports. This action also declares
the Exchange Property as exempt surplus land pursuant to California
Government Code Section 54221(f)(1)(C), approves a nominal rent ($2)
leaseback of portions of the Exchange Property for up to two years
during facility renovation, and establishes the framework to maintain
continuous public service delivery throughout the transition.
RECOMMENDATION: The City Manager's Office, Transportation and
Public Works, and Finance Departments recommend that the Council
take the following actions:
1. Adopt the enclosed Resolution of the Council of the City of Santa
Rosa Declaring Certain Real Property Located at 90 Santa Rosa
Avenue, a portion of 100 Santa Rosa Avenue, 631 1st Street and
655 1st Street to be Exempt Surplus Land Pursuant to
Government Code Section 54221(f)(1)(C), and Making Findings
under the California Environmental Quality Act and CEQA
Guidelines Section 15162 That No Further Environmental Review
is Required; and
2. Adopt the enclosed Resolution of the Council of the City of Santa
Rosa Approving the Real Property Exchange Agreement Between
the City of Santa Rosa and Museum on the Square, LLC,
Adopting CEQA Findings, and Authorizing the City Manager to
Execute the Exchange Agreement and all Related Transaction
Documents.
This item is requesting appropriations for one-time funding.
Jill Scott, Real Property Manager, Dan Hennessey, Transportation
and Public Works - Director, and Scott Wagner, Chief Financial
Officer, presented and answered questions from Council. Hugh
Futrell, developer, spoke on the item.
PUBLIC COMMENTS:
Abby Arnold, Santa Rosa Yimby, spoke in support of the item.
Richard Carlile spoke in support of the item and past urban renewal.