Title:
Title
Declaration of Surplus Land - 3625 Fong Ranch Road
End
FileID
File ID: 2021-00152
Location
Location: 3625 Fong Ranch Road, District 3
End
Recommendation:
Recommendation
Adopt a Resolution declaring that the City-owned property located at 3625 Fong Ranch Road is surplus land and is not necessary for the City's use, in accordance with the California Surplus Land Act (Government Code Section 54220 et seq.).
FileName
Contact: Bill Sinclair, Real Property Agent, (916) 808-1905; Richard Sanders, Facilities & Real Property Superintendent, (916) 808-7034, Department of Public Works
Body
Presenter: None
Attachments:
1-Description/Analysis
2-Resolution
Description/Analysis
Issue Detail: In 2003, the City acquired 24.98 acres of vacant property ("Original Property") located along the south side of Interstate 80 and east of Truxel Road from Mike & Cindy Dougherty. The cost of the acquisition was $3,452,130, with funds sourced from the Storm Drainage Contingency Reserve Fund ($2,052,130) and the July 2002 bond proceeds ($1,400,000).
In 2005, the Original Property was swapped for 22.81 acres of adjacent vacant property located at 3625 Fong Ranch Road ("Subject Property") owned by ParkBridge LLC. At the time of the swap, it was determined that the value of the Original Property and the Subject Property were equivalent. The City intended to partner with Natomas Youth Baseball (NYB) to construct a park and baseball fields to be known as "Opus Fields at the Natomas Baseball Complex" on the Subject Property and the City executed a lease agreement with NYB for operation of the complex. By 2011, the recession made it no longer feasible to construct the Opus Fields project and the lease agreement with NYB was terminated. Currently there are other existing, recently developed parks located in the general area, which makes development of the Subject Property into a City park unnecessary. Due to its size and location, no other City use for the Subject ...
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