AGENDA ITEM
TO: HONORABLE MAYOR
AND MEMBERS OF THE CITY COUNCIL AS SUCCESSOR AGENCY
FROM: CARLO TOMAINO
EXECUTIVE DIRECTOR
SUBJECT: ANNUAL REPORT OF THE CITY COUNCIL AS SUCCESSOR AGENCY
Summary:
The City Council as Successor Agency meets annually at its first meeting in January, unless a special meeting is required. Pursuant to AB1X 26, the City Council is the designated Successor Agency to the former Signal Hill Redevelopment Agency (SHRA). The responsibilities of the Successor Agency include dissolving the operations of the SHRA. There are two remaining Successor Agency parcel groups identified in the Long-Range Property Management Plan, as follows: 2435-2461, 2475, and 2485 Gardena Avenue; and 630-998 East Spring Street, 631-799 East Canton Street, 631-799 E. 29th Street and 801-999 East 29th Street. The City’s intent is to sell these remaining properties for future economic development purposes. The City will continue working with interested parties to effectuate development of these properties.
Strategic Plan Goal(s):
Goal No. 3 Economic & Downtown Development Improve the local economy, support local businesses, and create a vibrant downtown core.
Goal No. 5 High-Functioning Government: Strengthen internal communication, recruitment, retention, systems, and processes to increase the effectiveness and efficiency of City services.
Recommendation:
Receive and file.
Fiscal Impact:
There is no fiscal impact associated with the recommended action.
Background and Analysis:
Pursuant to AB1X 26, the City Council is the designated Successor Agency Successor Agency to the former Signal Hill Redevelopment Agency (SHRA). The responsibilities of the Successor Agency include dissolving the operations of the SHRA, adopting the annual Recognized Obligation Payment Schedule (ROPS), paying any performing enforceable obligations, and disposes of SHRA assets. The Successor Agency adopted the Fiscal Year 2025-26 ROPS in late 2025.
There are two remaining Successor Agency parcel groups identified in the Long-Range Property Management Plan, as follows:
1. 2435-2461, 2475, and 2485 Gardena Avenue; this site consists of approximately 2 acres.
2. 630-998 East Spring Street, 631-799 East Canton Street, 631-799 East 29th Street and 801-999 East 29th Street. This site on located along Spring Street, between California and Atlantic Avenues and is approximately 13 acres.
The City’s intent is to sell these remaining properties for future economic development purposes. To this end, the City declared both of these sites as surplus property in accordance with the Surplus Land Act and issued a notice of availability. The City will continue working with interested parties to effectuate development of these properties.