To: Board of Supervisors
From: County Administrative Office
Agenda Section: Time Certain Matter
Vote Requirement: Majority
SUBJECT:
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1:00 PM - City of Arcata Compensation Agreement for the Disposal of the Little Lake and Happy Valley Properties
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RECOMMENDATION(S):
Recommendation
That the Board of Supervisors:
1. Receive a presentation from the City of Arcata on the proposed compensation agreement;
2. Approve the compensation agreement terms sheet with the City of Arcata for the disposal of the Little Lake and Happy Valley properties for the County of Humboldt and County Library Share; and
3. Authorize the County Administrative Officer, or a designee thereof, to draft the compensation agreement based on the attached terms sheet and execute the compensation agreement, upon approval by County Counsel and Risk Management.
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STRATEGIC PLAN:
This action supports the following areas of your Board's Strategic Plan.
Area of Focus: A Diverse, Equitable & Robust Economy
Strategic Plan Category: 2001 - Promote strong economic resiliency and growth
DISCUSSION:
The City of Arcata is seeking to create a compensation agreement with Humboldt County to dispose of two properties-- Little Lake and Happy Valley, previously owned by Arcata's Redevelopment Agency.
For decades, Arcata's Redevelopment Agency used property taxes to redevelop vacant land to allow businesses and housing to be built with the goal of increasing base property tax values and adding back dollars to the property tax roll. Redevelopment Agencies were dissolved by the State in 2012, and as the "Successor Agency" the city went through the dissolution process. To determine what would happen to Little Lake and Happy Valley, the city developed a "Long Range Property Management Plan," which was approved by the State Department of Finance. The Long-Range Management Plan states that the taxing entities (local agencies which receive a share of property taxes) will receive a share (prop...
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