REPORT TO COUNCIL
SUBJECT
Title
Approve Sale of City-owned Property at 263 Jackson Street with Net Proceeds Going to the Park Dedication Fund's Land Acquisition Reserve
Report
BACKGROUND
On July 14, 2009, City Council considered the "Parks of the Future" study that addressed Sunnyvale's parks and open space needs for the next twenty years (RTC 09-183). The part of the study that pertained to three City-owned homes on Jackson Street, located at 263, 239, and 279 Jackson Street, evaluated how well those properties met the open space priorities to determine if they were still needed for expansion of Murphy Park. At that meeting, Council authorized the City Manager to sell the Jackson Street properties at a future time when the housing market improved.
By 2012, staff determined that the market had improved enough to warrant sale of these homes in accordance with the 2009 Council direction. Around the same time, Habitat for Humanity East Bay/Silicon Valley (Habitat), a self-help affordable housing provider, learned that these properties might be sold by the City and expressed interest in acquiring them. On August 28, 2012, Council directed staff to negotiate with Habitat regarding its interest in purchasing three City-owned single-family homes on Jackson Street (RTC 12-199) with financial assistance from the City's Housing Fund. The Council motion also stipulated that if the City could not come to an agreement with Habitat on proposed terms of sale of one or more of the homes, they would be declared surplus, and sold on the open market pursuant to Government Code Section 54222. Council also directed staff to deposit any proceeds from the sale of these homes into the Park Dedication Fund to be used to address other park and open space priorities.
On April 9, 2013, Council approved sale of the homes located at 239 and 279 Jackson Street to Habitat (RTC 13-074), with financing from the Housing Mitigation Fund. At that time, Habitat had rescinded its o...
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