* This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting. [00:04:04] [00:05:55] GOOD E, GOOD AFTERNOON. I'D LIKE TO CALL, UH, TODAY'S MEETING TO ORDER OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY. TODAY IS APRIL 1ST, 2025. MADAM CLERK, CAN YOU CALL THE ROLE [CALL TO ORDER] COUNCILWOMAN ZENDEJAS? PRESENT COUNCILWOMAN ALLEN. COUNCIL MEMBER DUGGAN. COUNCILMAN AUGH COUNCILWOMAN KERR. PRESENT COUNCILWOMAN SORROW VICE MAYOR, AKA. PRESENT COUNCILWOMAN THRASH INTECH. HERE. COUNCIL MEMBER RICK OTI. HERE WE HAVE A QUORUM. THANK YOU MADAM CLERK. UH, COULD WE MOVE TO THE FIRST AGENDA ITEM? ITEM ONE [1. 25-54845 Recommendation to approve the minutes for the City of Long Beach as the Successor Agency to the Redevelopment Agency of the City of Long Beach meeting of Tuesday, January 7, 2025.         Suggested Action: Approve recommendation. ] IS A RECOMMENDATION TO APPROVE THE MINUTES FOR THE CITY OF LONG BEACH AS A SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF LONG BEACH, MEETING OF TUESDAY, JANUARY 7TH, 2025. DO I HAVE A PUBLIC COMMENT NOW? NO. DO I, IS THERE ANY PUBLIC COMMENT IF ANY MEMBERS OF THE PUBLIC WOULD LIKE TO SPEAK ON THIS ITEM, PLEASE COME TO THE PODIUM NOW. NO PUBLIC COMMENT. THANK YOU SO MUCH. MEMBERS CAST YOUR VOTE. MOTION CARRIES. THANK YOU, MADAM CLERK. CAN WE MOVE TO ITEM NUMBER TWO? YEAH. ITEM [2. 25-54846 Recommendation to accept Categorical Exemption CE 25-015; and authorize City Manager, or designee, to execute any and all documents, including the Standard Offer, Agreement, and Escrow Instructions for Purchase of Real Estate with BJ and Sons, LLC and Hillgard, LLC, and/or assignee(s) (Current Buyers), for the sale of City-owned surplus property located at 1827 Pacific Avenue (Assessor's Parcel Number [APN] 7209-022-900) (Subject Property) in the amount of $955,680. (District 7)  Levine Act: Yes         Suggested Action: Approve recommendation. ] TWO IS A RECOMMENDATION TO ACCEPT CATEGORICAL EXEMPTION, CE 25 DASH 0 1 15 AND AUTHORIZE CITY MANAGER TO EXECUTE ALL DOCUMENTS FOR THE SALE OF PROPERTY LOCATED AT 1827 PACIFIC AVENUE IN THE AMOUNT OF 955 $680,000. DISTRICT SEVEN FAIR SUBSTITUTE. UH, YOU WANNA HAVE A SUBSTITUTE? DO YOU WANNA BE ADDED TO THE NO. OKAY. ALL RIGHT. UH, ARE THERE, IS THERE A STAFF REPORT? OKAY, WONDERFUL. WE'D LIKE TO INVITE THE STAFF TO PLEASE SHARE, UH, REGARDING ITEM NUMBER TWO. THANK YOU, UH, MEMBERS OF THE BOARD. THE ITEM BEFORE YOU IS, UM, FOR THE PROPERTY LOCATED AT 1827 PACIFIC AVENUE. THE PROPERTY IS, UM, A LITTLE BIT UNDER 16,000 SQUARE FEET AND IT'S AN UNIMPROVED VACANT LOT. UM, THIS PROPERTY IS CLASSIFIED AS FOR SALE AND THE CITY'S LONG RANGE PROPERTY MANAGEMENT PLAN, WHICH GOVERNS THE DISSOLUTION OF FORMER REDEVELOPMENT AGENCY ASSETS. UM, THIS PROPERTY WAS DECLARED SURPLUS IN MARCH AND MAY OF 2022. UM, PREVIOUS TRANSACTIONS, THIS PROPERTY HAS BEEN IN ESCROW TWICE BEFORE WITH DIFFERENT BUYERS, BUT THEY WERE UNABLE TO PERFORM SO THE PROPERTY HAS COME BACK TO THE CITY. UM, THE CURRENT TRANSACTION, UH, THE PROPERTY WAS RE-LISTED IN AUGUST OF 24 WITH ONE OFFER RECEIVED. UH, THE TERMS AND CONDITION OF THE SALE, UH, THE BUYERS ARE A PARTNERSHIP. BJ AND SONS, LLC AND HILD, LLC, UH, THEY'RE PROPOSING TO BUILD UP TO 22 UNITS OF HOUSING. UH, THE APPRAISED VALUE FOR THE PROPERTY WAS 1,027,000. UM, THEIR OFFER WAS 955,680, WHICH WAS 93% OF THE ASKING PRICE. UM, THEY WILL BE REQUIRED TO DEPOSIT $30,000 AT THE OPENING OF ESCROW. UH, THEY'LL HAVE 30 DAYS FROM THE OPENING OF ESCROW TO COMPLETE THEIR DUE DILIGENCE, UH, WHICH INCLUDES INSPECTIONS AND SATISFYING ANY CONTINGENCIES. AND THEN THE CLOSE OF ESCROW WILL BE 15 DAYS FOLLOWING, UH, THE EXPIRATION OF THAT DUE DILIGENCE PERIOD. UM, IN COMPLIANCE WITH THE SURPLUS SURPLUS LAND ACT, UH, THERE IS AN AFFORDABILITY COVENANT THAT WILL BE RECORDED REV REQUIRING 15% OF THE RESIDENTIAL UNITS, UM, CONSTRUCTED TO BE AFFORDABLE. UM, THE RECOMMENDATION BEFORE YOU IS TO ACCEPT THE CATEGORICAL EXEMPTION, CE 25 DASH ZERO 15 AND AUTHORIZE THE CITY MANAGER TO EXECUTE THE PURCHASE AND SALE AGREEMENT, UM, FOR 1827 PACIFIC IN THE AMOUNT OF 955,680. [00:10:01] AND LASTLY, UM, WE'D JUST LIKE TO NOTE A CHANGE IN THE STAFF REPORT. UH, WE ANTICIPATED TO HAVE THE COUNTY OVERSIGHT BOARD CONSIDER THIS ITEM AT THEIR APRIL 15TH MEETING. HOWEVER, DUE TO THE LACK OF QUORUM, THE OVERSIGHT BOARD MEETING WILL BE RESCHEDULED, HAS BEEN RESCHEDULED. UM, IF THIS IS APPROVED, THE OVERSIGHT BOARD WILL CONSIDER THIS ITEM ON WEDNESDAY, APRIL 23RD, 2025. THIS CONCLUDES MY STAFF REPORT, AND I'M AVAILABLE FOR ANY QUESTIONS YOU MAY HAVE. THANK YOU SO MUCH FOR THAT. COUNCILWOMAN. RICK SOTE, UH, I JUST ONE CURIOUS CURIOSITY, WHAT IS THE ZONING FOR THAT PARTICULAR PARCEL? IS IT JUST LIKE, IS IT RESIDENTIAL OR MIXED USE? IT'S CURRENTLY ZONED AS RESIDENTIAL, I BELIEVE. OKAY. THANK YOU. COUNCIL WOMAN'S IN DAYJA. NO PROBLEM. OKAY, THANK YOU. I NOTED THAT THERE WAS, UH, THAT THERE HAS TO BE 15% AFFORDABILITY. IS THERE A UNDERSTANDING OF WHAT LEVEL OF AFFORDABILITY? YEAH, IT'S LOW TO MODERATE, SO 80%. THANK YOU SO MUCH. YOU'RE WELCOME. ALL RIGHT. NO OTHER COMMENTS OR QUESTIONS? MEMBERS CAST YOUR VOTE THE PREVIOUS ONE. SORROW RECEIPT. MOTION CARRIES. THANK YOU. IS THERE ANY PUBLIC COMMENT IF ANY MEMBERS OF THE PUBLIC WOULD LIKE [PUBLIC COMMENT Opportunity to address the As the Successor Agency to the Redevelopment Agency of the City of Long Beach on non-agenda items. Each speaker is limited to three minutes to make their comments unless extended by the Chair.] TO SPEAK ON A NON AGENDA ITEM, PLEASE COME TO THE PODIUM NOW. NO PUBLIC COMMENT. PEOPLE, PEOPLE. THANK YOU SO MUCH, MADAM CLERK. I'D NOW LIKE TO MOVE TO ADJOURN TODAY'S MEETING RECEIVED. THANK YOU. THANK YOU. * This transcript was created by voice-to-text technology. The transcript has not been edited for errors or omissions, it is for reference only and is not the official minutes of the meeting.