FAIRFIELD — Fairfield is considering selling two properties in its downtown, though any money would go to multiple local taxing agencies and not just the city.
The land is two adjacent vacant lots at 1026 and 1046 Texas St. across the street from the Center for Creative Arts. Fairfield’s now-dissolved redevelopment agency owned the properties.
California has decreed that most properties owned by former redevelopment agencies must be sold, with local taxing agencies such as school districts and the county to divide the money. The Texas Street deal, should it come to fruition, would be the first in Fairfield’s redevelopment property sell-offs.
On Tuesday, the City Council in closed session discussed a possible deal with Titan Real Estate Investments, a company based in Manhattan Beach. The council took no action.
“We’ll see,” city Senior Economic Development Project Manager Karl Dumas said.
The next step would be reaching a purchase-and-sales agreement that would go to the Successor Agency for the Fairfield Redevelopment Agency, Dumas said. This agency is governed by the City Council to handle leftover business from the former Fairfield Redevelopment Agency.
Should a deal clear that hurdle, it would go to the Oversight Board for the Successor Agency to the Fairfield Redevelopment Agency. This is a group of community leaders.
Should a deal clear this hurdle, it must go to the state Department of Finance for approval.
The Fairfield Redevelopment Agency bought the 0.13-acre lot at 1026 Texas St. in 2005 for $300,000 and demolished a single-family home there. It bought the 0.13-acre lot at 1046 Texas St. in 2006 for $455,000 and again demolished a single-family home. The zoning is for commercial uses, such as office or retail.
Not all former redevelopment agency properties will go on the market. For example, Dumas said, the redevelopment agency owned Highway 12 right of way between Beck Avenue and Pennsylvania Avenue – including land with the actual road.
That’s a leftover from property acquisitions the redevelopment agency made in the early 1990s to help with the Highway 12 rerouting project. Dumas said the plan is to convey this land to the city, which in turn would work with the state Department of Transportation.
The Fairfield Redevelopment Agency also owned the westbound Interstate 80 onramp at Travis Boulevard near Petco. Again, the plan is for the Successor Agency to convey this land to the city, which would then work with Caltrans.
Another property that won’t be sold is a 3-acre stormwater detention area that is the water pond at the Green Valley Office Park, Dumas said. The city will keep this land.
In all the Successor Agency and Oversight Board have identified 14 properties owned by the former Fairfield Redevelopment Agency that won’t be sold, but are targeted for government use.
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