Title
Report regarding a resolution making findings and declaring the property located at 367 Marina Boulevard (APN 015-011-350) as surplus land and authorizing transmittal of a Notice of Availability. (Ernesto Lucero, Acting Deputy Director, Economic and Community Development Department)
Label
RECOMMENDATION
Recommendation
Staff recommends adopting a resolution making findings and declaring the property located at 367 Marina Boulevard as surplus land and authorizing transmittal of a Notice of Availability.
Body
BACKGROUND
The City owns an approximately 4.7 acre site in Oyster Point within the Oyster Point Specific Plan which has California Environmental Quality Act ("CEQA") clearance for up to 350 rooms for a hotel development on the site. The City Council approved the First Amendment to a Purchase and Sale Agreement ("PSA") with hotel developer, Ensemble Investments ("Ensemble"), on December 19, 2022 for the disposition of the site for a full service hotel development. As the deliverables within the PSA are still underway, the First Amendment provides an extension of the closing date of an additional six months after the City has completed a required statutory disposition process under the California Land Surplus Act.
On November 17, 2022, the Planning Commission approved the design, Use Permit, draft Development Agreement, and Transportation Demand Management Plan for the project, consisting of the new construction of a 12-story, 165 foot tall, 350 room, 261,000 square foot building, with 232 surface parking space and site improvements, as well as the determination that the project is within the scope of the previously adopted Programmatic EIR under CEQA Guidelines.
DISCUSSION
The Surplus Land Act ("SLA"), Government Code Section 54220, et seq., as amended by Assembly Bill 1486 effective January 1, 2020, provides that local public agencies must determine whether land owned by the public agency is "surplus land" or "exempt surplus land," and must send ...
Click here for full text