- Assembly Bill 1468 Report
- Awards for Innovation in Higher Education
- Designated Census Tracts for the New Employment Credit
- FI$Cal Resources
- Major Regulations
- Proposition 1B Disbursements
- Redevelopment Agency Dissolution
- Senate Bill 105 Final Report(Revised)
- Senate Bill 105 Interim Report
- State-County Assessors' Partnership Program
- Trailer Bill Language
Long-Range Property Management Plan
Pursuant to Health and Safety Code section 34191.5, within six months after receiving a Finding of Completion from the Department of Finance (Finance), the Successor Agency is required to submit for approval to the Oversight Board and Finance a Long-Range Property Management Plan (LRPMP) that addresses the disposition and use of the real properties of the former redevelopment agency.
The LRPMP shall do all of the following :
- Include an inventory of all properties in the Community Redevelopment Property Trust Fund, which was established to serve as the repository of the former redevelopment agency’s real properties. The inventory shall consist of all of the following information:
- The date of the acquisition of the property and the value of the property at that time, and an estimate of the current value of the property.
- The purpose for which the property was acquired.
- Parcel data, including address, lot size, and current zoning in the former agency redevelopment plan or specific, community, or general plan.
- An estimate of the current value of the parcel including, if available, any appraisal information.
- An estimate of any lease, rental, or any other revenues generated by the property, and a description of the contractual requirements for the disposition of those funds.
- The history of environmental contamination, including designation as a brownfield site, any related environmental studies, and history of any remediation efforts.
- A description of the property's potential for transit-oriented development and the advancement of the planning objectives of the successor agency.
- A brief history of previous development proposals and activity, including the rental or lease of property.
- Address the use or disposition of all of the properties in the Community Redevelopment Property Trust Fund. Permissible uses include 1) the retention of the property for governmental use pursuant to subdivision (a) of Section 34181, 2) the retention of the property for future development, 3) the sale of the property, or 4) the use of the property to fulfill an enforceable obligation. The plan shall separately identify and list properties in the trust dedicated to governmental use purposes and properties retained for purposes of fulfilling an enforceable obligation. With respect to the use or disposition of all other properties, all of the following shall apply:
- If the plan directs the use or liquidation of the property for a project identified in an approved redevelopment plan, the property shall transfer to the city, county, or city and county.
- If the plan directs the liquidation of the property or the use of revenues generated from the property, such as lease or parking revenues, for any purpose other than to fulfill an enforceable obligation or other than that specified in the bullet directly above, the proceeds from the sale shall be distributed as property tax to the taxing entities.
- Property shall not be transferred to a successor agency, city, county, or city and county, unless the long-range property management plan has been approved by the oversight board and the Department of Finance.
When submitting your LRPMP to Finance it is requested that the following checklist be submitted along with your plan to help facilitate and speed up the review process.
- Long-Range Property Management Plan Checklist
- Long-Range Property Management Tracking Worksheet
- LRPMPs from Successor Agency
- LRPMPs Determination Letters issued by Finance
Additionally, while there is no deadline in statute related to when Finance must complete its review of LRPMPs , Finance will conduct the review of the plans as they are submitted on a flow basis. However, during ROPS review periods the ROPS reviews will take precedence over all LRPMP reviews. Finance’s approval or objection to the LRPMP will be communicated via a letter to the Successor Agency.
Sale of Property Information for County Auditor-Controllers
- Property Sales Reporting Form (Posted 10/16/14)
Webpage last updated October 16, 2014