City Council

Item 332: Declare 0.0009 Acres (40 square feet) of City-owned Real Property on Sorrento\nValley Road, San Diego, CA “Exempt Surplus Land” Pursuant to California\nGovernment Code Section 54221 (f)(1)(B) and (E), and Authorize the Sale of the\nProperty to the Adjacent Property Owner, Velmatt, L.P.\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:\nProceeds from the sale, net of costs related to the sale, will be deposited in the Capital\nOutlay Misc. Revenue Fund and the associated $10 Independent Consideration will be\ndeposited into the General Fund. The Independent Consideration is payment for the City\nagreeing to enter into the contract itself and is not dependent upon the property actually\nbeing sold.\nCouncil District(s) Affected: 1.\nProposed Actions:\nSubitem-A: (R-2024-654)\nResolution determining that approving City's sale of 40 square feet of real property in the\npublic right-of-way of an unnamed alley within Block 16 of Sorrento Lands and Townsite\noff Sorrento Valley Road is exempt from the California Environmental Quality Act under\nCEQA Guidelines Sections 15312 and 15061(b)(3).\nSubitem-B: (R-2024-655 Cor. Copy) (Rev. 6/26/24)\nResolution declaring 40 square feet of real property in the public right-of-way of an\nunnamed alley within Block 16 of Sorrento Lands and Townsite off Sorrento Valley Road\nis exempt surplus land, approving a purchase and sale agreement for the City's sale of the\nproperty to Velmatt L.P. for $2,800, and authorizing the Chief Financial Officer to accept\nand deposit the independent consideration and the sale proceeds.\nCommittee Actions Taken:\nThis item was heard at the Land Use and Housing Committee meeting on June 13, 2024.\nACTION: Motion by Committee Member Whitburn, second by Committee Member\nMoreno, to recommend Council approval of staff’s proposed actions.\nVOTE: 4-0; Lee-yea, LaCava-yea, Whitburn-yea, Moreno-yea.\nDepartment of Real Estate and Airport Management: Marc Frederick, (619) 236-6733\nCity Attorney Contact: Michael Park