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HomeMy WebLinkAbout031125-03.1 STUDY STUDY SESSION MEMORANDUM 3.1 TO: Mayor and Town Council March 11, 2025 SUBJECT: Discussion of Next Steps for Disposition of 510 La Gonda Way BACKGROUND After the relocation of the Town offices to 500 La Gonda Way in 2022, the Town Council considered the future use of 510 La Gonda Way at a July 2023 study session. At that meeting, the Council expressed an intent to see the property develop as affordable housing in an effort to meet the Town’s affordable housing obligations under RHNA. That effort could include contributing both the land and the balance of the Town’s remaining Low and Moderate Income Housing Fund (which has a current balance of approximately $1.96 million). With other relevant issues (such as certification of the Town’s Housing Element) addressed, it would be appropriate to review next steps necessary to dispose of the property. Characteristics of the Property As currently configured, the property is approximately 2.27 acres in size and still contains the now empty office building as well as the solar array, which is still in use. The Town does utilize the site for additional parking to serve 500 La Gonda. Prior to conveying the property, the Town will process a lot line adjustment to move approximately 26,000 square feet to the 500 La Gonda property in order to complete the necessary parking by adding 70 parking spaces. This will leave the 510 parcel at approximately 1.66 acres. The Town will also relocate the solar array to 500 La Gonda. Current General Plan and zoning for 510 La Gonda As part of the Town’s adoption of the Housing Element, the General Plan designation for the property was changed to Residential-Multi-Family Special, with a density range of 30-35 units per acre and the zoning to M35 (30-35 units per acre). The zoning for the property allows for an FAR of 120%, 4 stories in height and requires an average maximum unit size 1500 square feet. The density range would be between 50 and 58 units. DISCUSSION Town staff has identified the following steps needed to move the project forward: 510 La Gonda 2 March 11, 2025 • Surplus Lands Act. The state’s Surplus Lands Act establishes a process to dispose of local agency properties that are deemed surplus. That process requires input from HCD and contains a number of specific process requirements. Working with our outside housing counsel, Town staff has identified an exemption to the Surplus Lands Act. Pursuant to Government Code Section 37364, if the land is to be used for housing in which at least 40% of the units will be restricted to low and very-low income households, it is entitled to an exemption. This would allow the Town more control over the process. In order to utilize this option, the Town Council would need to adopt a resolution making specified findings to submit to HCD for their review and approval. Recommended action: Authorize staff to work with outside counsel to prepare the necessary resolution for consideration by the Town Council. • Process to Select a Development Partner. In order to ultimately select a developer for the site, the Town will need to prepare an RFP/RFQ laying out parameters for what the Town would like to see from the project. In order to prepare the RFP, it would be beneficial to retain a consultant familiar with the economics of such a project. Recommended action: Authorize staff to retain a consultant to assist in preparation of an RFP to be sent to potential developers. • Prepare for relocation of solar array. The Town will need to relocate the existing solar array at 510 La Gonda onto the 500 La Gonda parking lot. It is possible that the array could be larger and/or that additional solar panels could be placed on the roof of the Town offices. In order to study these options and to negotiate with the owner of the existing array (Tesla, the successor in interest to Solar City), the Town will use the consultant who assisted with the original lease terms and has provided preliminary analysis of relocation options. Recommended action: Town staff will be presenting a consulting contract to the Council’s Finance Committee on March 18. RECOMMENDATION Town staff would like to confirm the previous direction from the Town Council on goals for the future development of 510 La Gonda and receive direction on the three recommendations described in this report. Prepared by: Robert B. Ewing City Attorney