TO: Honorable Mayor and Members of the City Council
FROM: Rick Otto, City Manager
1. SUBJECT
title
Declaring the property located at 171 North Cypress Street as surplus to the City's needs and finding that the property located at 177 N. Cypress is exempt surplus to the City's needs, and authorizing the disposal of both properties. Resolution No. 11352.
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2. SUMMARY
Resolution No. 11352 will declare the property located at 171 North Cypress Street as surplus to the City's needs and will also find that the property located at 177 N. Cypress Street is exempt surplus to the City's needs. The resolution also authorizes the disposal of both properties.
3. RECOMMENDED ACTION
recommendation
Adopt Resolution No. 11352. A Resolution of the City Council of the City of Orange finding that certain City-owned real property known as 171 N. Cypress Street is surplus to the City's needs and finding that certain City-owned real property known as 177 N. Cypress Street is exempt surplus to the City's needs and authorizing the disposal of said properties.
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4. FISCAL IMPACT
None.
5. STRATEGIC PLAN GOALS
Goal 2: Be a fiscally healthy community
d: Effectively manage and develop City assets.
6. DISCUSSION AND BACKGROUND
The properties located at 171 and 177 North Cypress Street were purchased by the City in 2017 in preparation for the construction of the Old Towne West Metrolink Parking Structure. Both properties have small single-family homes that the City has rented on a month-to-month basis since their purchase. With the completion of the parking structure, the properties are no longer needed for any anticipated future use by the City. It is important to note that the properties are contributing structures to the Old Towne Historic District.
In March 2019, the City entered into an Exclusive Negotiating Agreement (ENA) with Break of Dawn, LLC for the properties. Chef and restauranteur Dee Nguyen is the principal of Break of Dawn and he is proposing to rehabili...
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