REPORT TO THE CITY COUNCIL October 9, 2014 FROM: SCOTT L. MOZIER, PE, Director Public Works Department THROUGH: ANDREW J. BENELLI, PE, City Engineer/Assistant Director Public Works Department, Traffic and Engineering Services Division BY: CRAIG L. HANSEN, Supervising Real Estate Agent Public Works Department, Real Estate Services Section SUBJECT ..Title Authorize the City Manager or designee to execute a grant deed for the sale of excess property in the amount of $75,348 to DFP Limited LP located on "G" Street near Tulare Street APN 467-071-03T and 467-071-04T (Council District 3) ..Body RECOMMENDATION To approve the sale of 13,125 square feet of excess property located at 941 "G" Street to DFP Limited LP also known as Central Fish Company. EXECUTIVE SUMMARY Central Fish Company occasionally uses a vacant property across the street from its business for overflow parking at Kern and "G" Streets. That property is in the direct path of the proposed high speed rail. In search of a replacement property for the overflow parking, DFP Limited approached the City of Fresno about selling its parking lot located just north of the store and restaurant. The City of Fresno has agreed in principle to sell its property to DPF Limited pending concurrence by the City Council. BACKGROUND The City of Fresno constructed a parking lot on the subject property more than 20 years ago, next to Central Fish Company on "G" Street between Tulare and Kern Street. Central Fish had been using a vacant parcel across the street from its business as overflow parking, but is now compelled to sell that property to the California High Speed Rail. Central Fish approached the City of Fresno about its vacant parking lot. The Parking Division agreed to sell the parking lot since it was no longer being considered for any future use. An independent MAI appraisal was performed and a price negotiated which was somewhat higher than the appraisal. The subject property is free of any liens or bonds and the proceeds are expected to be deposited into the Parking Service Fund 10101-401001. The City Attorney has reviewed and approved the purchase and sale agreement along with the grant deed as to form. ENVIRONMENTAL FINDINGS The project falls within the Class 1 Categorical Exemption set forth in CEQA Guidelines, Section 15301(c) as the subject property had been used as a parking lot by the City of Fresno for many years and the new owner intends to use the parcel for the same purpose. Furthermore, none of the exceptions to Categorical Exemptions set forth in the CEQA Guidelines, Section 15300.2 apply to this project. LOCAL PREFERENCE N/A FISCAL IMPACT The City of Fresno will net $75,348 from the sale of the property. Attachment: Aerial photo of subject property