Laserfiche WebLink
CITY RESPONSE TO COALITION'S LIST OF CONCERNS DATED 4 -21 -14 <br />1. Two (2) week extension for item to be placed on City Council agenda on May 20, 2014. <br />A two week delay of the item may result in an additional 30 days in beginning discussions for <br />the new site plan design. Any update of the appraisal reports for the properties will take 90 <br />days. Additional appraisals for relocation, moving expenses and furniture, fixtures & <br />equipment (FF &E) will require additional time. <br />2. City to submit legally binding offer by April 25, 2014 with a minimum ten (10) <br />business day period for consideration by business owners. <br />Offers were prepared for each property and were submitted to each owner back in October <br />2013. A revised offer package will be submitted within 90 days of resolution of the policy <br />decisions. The following conditions were discussed with the city attorney's office and are <br />consistent with City efforts on prior projects. These conditions of any agreement would <br />facilitate relocation to a new development site: <br />a) Acquisition of each Coalition site will be individually negotiated between the property <br />owner and the City. Upon completion of the acquisition, the property owner would <br />become a tenant of the City until construction of the replacement site is complete. <br />b) The revised offer to Coalition members shall include acquisition, relocation, FF &E, and <br />moving. <br />c) Purchase of the relocation site will be by an entity established by the Coalition members. <br />This entity would have exclusive right to purchase remnant parcels associated with the <br />new development site for 6 months from the date City takes possession of these parcels. <br />d) The price per square foot of the new development site shall be determined via appraisal <br />prepared by a licensed appraiser. <br />e) Purchase of the City property is contingent on agreement of all the Coalition members. <br />3. Infrastructure credits <br />Water and sewer capacity fees are credited to relocations based on capacities that are <br />traded. The remnant parcel left behind for a new developer would pay full capacity fees. <br />4. Business owners are to retain their existing property tax base. <br />Property tax issues and increases are not at City's jurisdiction. There are outlined in the <br />Revenue and Taxation code. Please note these links below and consult your tax consultant: <br />http: / /www.boe.ca. ov /law ug ides /property /current /tltlg /rt/68.html <br />hitp:Hoegov.com/gov/assessoL/prograrns/darnages <br />EXHIBIT 6 <br />55C -87 <br />