TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: David Chantarangsu, AICIP, Development Services Director
PREPARED BY: Jarrett Ramaiya, Deputy Development Director
SUBJECT:
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Sale of City-Owned Real Property Located at the Corner of Walsh Center Drive and Sparkman Drive to GS Parks at Murrieta, LLC for $30,100
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RECOMMENDATIONS
recommendation
Adopt Resolution No. 24-4743 entitled: Resolution of the City Council of the City of Murrieta, California, Approving the Sale of A Portion of City-Owned Real Property Located at the Intersection of Walsh Center Drive and Sparkman Drive, Murrieta, CA (APN: 910-031-006) to GS Parks at Murrieta, LLC, For $30,100;
Authorize the City Manager to direct and execute all related escrow, closing, grant deed, and similar documents necessary to finalize the sale of the Property; and
Amend the Fiscal Year 2023/24 Operating Budget to appropriate budget for the sale of land and escrow expenses, unless escrow closes after June 30, 2024, then amend the Fiscal Year 2024/25 Operating Budget.
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PRIOR ACTION/VOTE
None.
CITY COUNCIL GOAL
Plan, program and create infrastructure development.
BACKGROUND
The applicant, GS Parks at Murrieta, LLC, received approval for an 899-unit multi-family project (Development Plan permit 2022-2518, Tentative Parcel Map 2022-2525, and Phasing Plan 2022-2614 - Project) on September 29, 2023, on property located at the corner of Walsh Center Drive and Sparkman Drive (Project Site).
During the processing of the Project discretionary applications, it was identified that the City of Murrieta (City) owns a small parcel at the intersection of Walsh Center Drive and Sparkman Drive, immediately adjacent to the Project Site, as shown in the graphic below. The City parcel is 21,741 square feet.
As stated, the location of the City-owned parcel is at the intersection of Walsh Center Drive and Sparkman Drive. The Applicant for the Project, Greystar (GS Parks at Murrieta, LLC), nee...
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