City Council

Item S501: Declare the City-Owned Real Property Located at 1401 Imperial Avenue, San Diego,\nCalifornia, “Exempt Surplus Land” and Authorize the Mayor to Enter into a\nDisposition and Development Agreement, with 1401 Imperial, LP, a California\nLimited Partnership, for the Purchase and Sale of the Real Property and\nRedevelopment of the Real Property as a 100% Affordable Housing\nDevelopment. (Added 5/14/25)\nThis item will be considered in the afternoon session which is scheduled to begin at\n2:00 p.m.\nTotal Estimated Cost of Proposed Action and Funding Source:\nThe Proposed Action will not cost the City but will result in the return of approximately\n$5,000,000 in proceeds to the City’s Community Development Block Grant funding\nbudget for re-use on a future affordable housing project.\nCouncil District(s) Affected: 3.\nProposed Actions:\nSubitem-A: (R-2025-562)\nResolution declaring the City-owned real property located at 1401 Imperial Avenue, San\nDiego, California, exempt surplus land under Government Code section 54221(f)(1)(F)(i).\nSubitem-B: (R-2025-563)\nResolution approving a Disposition and Development Agreement for sale of the City-\nowned real property located at 1401 Imperial Avenue, San Diego, California, and\nredevelopment of the property as affordable housing and making related findings.\nCommittee Actions Taken: N/A\nEconomic Development: Christina Bibler, (619) 236-6421\nCity Attorney Contact: Delmar Williams