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Ventura successor agency moves to pursue sale of downtown ‘Site 7,’ follows Surplus Land Act steps
Summary
City of Ventura staff presented the successor agency's plan to market and dispose of the last remaining redevelopment parcel known as Site 7 and asked the Consolidated Oversight Board to adopt a resolution to proceed under state surplus-land rules.
City of Ventura staff presented the successor agency's plan to market and dispose of the last remaining redevelopment parcel known as Site 7 and asked the Consolidated Oversight Board to adopt a resolution to proceed under state surplus-land rules.
City of Ventura staff (presenter) told the board, "We're here to discuss the ROPS item for 25, 26, and also come back with an update, per the board's direction regarding an update for the site 7 which is the last remaining site under the successor agency for the city of San Buenaventura." The staff described Site 7 as two successor-agency-owned APNs located behind the downtown movie theater at Main Street, bounded by Poli Street, Chestnut Avenue and California Street; two adjacent APNs are city-owned and currently used for public parking.
The nut graf: The board adopted the resolution to package and market Site 7 together with the two adjacent city-owned parcels and to proceed using the California Surplus Land Act (SLA) notification and priority process, directing the city to complete appraisals, notify interested agencies under the Department of Housing and Community Development (HCD) sign-up list, and run a public request-for-proposal (RFP) process before selecting a bidder.
City staff outlined a tentative timeline staff said it expects to follow if the board-approved option moves forward: complete updated appraisals for the two successor-agency APNs and for the full four-APN parcel assembly by about May; notify SLA-listed agencies and publicly list the land via RFP between May and July; solicit and receive proposals and facilitate bidding in July–August; select a bidder August–November; and negotiate a disposition and purchase through about third quarter 2026. Staff said that if no acceptable bids are received through the state-required notice and good-faith negotiation windows, the city would extend the current parking lease and reconsider whether the city should purchase the successor-agency APNs for continued public parking.
Board members asked how the appraiser would value the property. A board member (unnamed) asked, "When you do your appraisal, what parameters, what are you gonna appraise the property as? A parking lot? A development site? What guidelines are you gonna use?" City staff replied that the preliminary appraiser proposal classified the site as commercial mixed-use and said staff would confirm whether additional valuation scenarios (for example, parking-only and multifamily/higher-density housing) should be prepared.
The board adopted the resolution to proceed with the packaged marketing and SLA process by a 5-0 vote.
Ending: City staff said it will return to the Oversight Board with updated appraisals and a proposed RFP timeline; the board will review SLA compliance and any selected bid before approving final disposition.
