Post by SDSU-Alum2003 on Apr 12, 2016 20:44:55 GMT -8
The future of "SDSU WEST" is NOT dependent on ANY initiative passing or failing.
The Mayor and City Council have the full power and authority to "exclusively negotiate the sale" of the Mission Valley site (city owned land; not the land owned by the water authority) to San Diego State University per the San Diego City Charter "DISPOSITION OF CITY-OWNED REAL PROPERTY" policy no. 700-10.
docs.sandiego.gov/councilpolicies/cpd_700-10.pdf
"The City shall seek market value for its properties. Discounts will not be negotiated unless an extraordinary need or circumstance is recognized by Council Resolution setting forth the amount of the discount and the justification for the discount."
"As part of an overall portfolio management plan for the City’s real estate assets, the Mayor’s staff will review the City’s property inventory to determine which properties are no longer needed for public facilities or to support the elements of the General Plan and whose disposition will provide a greater public benefit. A City owned property may become available for sale if:
• The property is not currently used by a City department or does not support a municipal function.
• The property is vacant and has no foreseeable use by the City.
• The property is a non-performing or under-performing asset and greater value can be
generated by its sale.
• Significant economic development opportunities can be generated by selling the property.
Factors to be considered in determining whether a property should be sold include:
• Will the City be relieved of potential liabilities and/or cost of maintaining property that does not generate income or provide public benefit?
• Property tax increment that will be created by returning the properties to the tax rolls.
• Stimulation of the economy by providing opportunities for private sector investment.
• Generation of revenue for the Capital Outlay Fund or an Enterprise Fund.
• The sale of the property will generate greater economic value than a ground lease, if a ground lease is a feasible option.
"Governmental Clearance Process"
Government Code Section 54222 requires that a local agency proposing to dispose of surplus property must first notify all governmental agencies operating within the City [San Diego State University] as to the availability of the property. The agencies are given 60 days to respond with an intent to acquire, if not, the property may be deemed cleared for public sale.
"Exclusively Negotiated Sales"
It will be the City’s policy to insure the highest price for its real estate by pursuing open market transactions. However, on certain occasions, an exclusively negotiated sale may be justified. Negotiated transactions shall comply with the requirements of Municipal Code Sections, as applicable, and may be approved under one of the following conditions:
4. When other governmental, public and quasi-public agencies submit acquisition proposals, a sale may be consummated per Municipal Code Section 22.0907, Sales of Real Properties to Public Agencies. These agencies shall include but not be limited to: Federal, State, and County agencies [California State University - SDSU]; school districts, special districts, and regulated utility companies."
There is also a possibility to lease the land to San Diego State University.
There you have it. The "Cliffs Notes" version of how San Diego State University can and will acquire the Mission Valley real estate for "SDSU WEST."
Go SDSU WEST!
Go AZTECS!
The Mayor and City Council have the full power and authority to "exclusively negotiate the sale" of the Mission Valley site (city owned land; not the land owned by the water authority) to San Diego State University per the San Diego City Charter "DISPOSITION OF CITY-OWNED REAL PROPERTY" policy no. 700-10.
docs.sandiego.gov/councilpolicies/cpd_700-10.pdf
"The City shall seek market value for its properties. Discounts will not be negotiated unless an extraordinary need or circumstance is recognized by Council Resolution setting forth the amount of the discount and the justification for the discount."
"As part of an overall portfolio management plan for the City’s real estate assets, the Mayor’s staff will review the City’s property inventory to determine which properties are no longer needed for public facilities or to support the elements of the General Plan and whose disposition will provide a greater public benefit. A City owned property may become available for sale if:
• The property is not currently used by a City department or does not support a municipal function.
• The property is vacant and has no foreseeable use by the City.
• The property is a non-performing or under-performing asset and greater value can be
generated by its sale.
• Significant economic development opportunities can be generated by selling the property.
Factors to be considered in determining whether a property should be sold include:
• Will the City be relieved of potential liabilities and/or cost of maintaining property that does not generate income or provide public benefit?
• Property tax increment that will be created by returning the properties to the tax rolls.
• Stimulation of the economy by providing opportunities for private sector investment.
• Generation of revenue for the Capital Outlay Fund or an Enterprise Fund.
• The sale of the property will generate greater economic value than a ground lease, if a ground lease is a feasible option.
"Governmental Clearance Process"
Government Code Section 54222 requires that a local agency proposing to dispose of surplus property must first notify all governmental agencies operating within the City [San Diego State University] as to the availability of the property. The agencies are given 60 days to respond with an intent to acquire, if not, the property may be deemed cleared for public sale.
"Exclusively Negotiated Sales"
It will be the City’s policy to insure the highest price for its real estate by pursuing open market transactions. However, on certain occasions, an exclusively negotiated sale may be justified. Negotiated transactions shall comply with the requirements of Municipal Code Sections, as applicable, and may be approved under one of the following conditions:
4. When other governmental, public and quasi-public agencies submit acquisition proposals, a sale may be consummated per Municipal Code Section 22.0907, Sales of Real Properties to Public Agencies. These agencies shall include but not be limited to: Federal, State, and County agencies [California State University - SDSU]; school districts, special districts, and regulated utility companies."
There is also a possibility to lease the land to San Diego State University.
There you have it. The "Cliffs Notes" version of how San Diego State University can and will acquire the Mission Valley real estate for "SDSU WEST."
Go SDSU WEST!
Go AZTECS!
