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Oversight board approves Ventura plan to package downtown 'Site 7' parcels and begin Surplus Land Act process
Summary
The Consolidated Oversight Board on Jan. 22 adopted the City of Ventura's Recognized Obligation Payment Schedule (ROPS) for 2025'26 and accepted an update to proceed with packaging the four downtown parcels known as Site 7 for disposition under the California Surplus Land Act (SLA).
The Consolidated Oversight Board on Jan. 22 adopted the City of Ventura's Recognized Obligation Payment Schedule (ROPS) for 2025'26 and accepted an update to proceed with packaging the four downtown parcels known as Site 7 for disposition under the California Surplus Land Act (SLA), the board was told.
City of Ventura staff said the parcels include two successor agency APNs and two city-owned APNs located behind the downtown movie theater at Main Street bordered by Poli, Chestnut and California streets. The city currently uses the combined site for public parking.
The board was told staff will seek an updated appraisal for the two successor-agency APNs and for the combined four-APN package, then follow SLA procedures including notifying agencies that have registered with the California Department of Housing and Community Development (HCD). A tentative schedule presented to the board calls for appraisal and SLA-compliance work through May; HCD notifications and a public RFP listing in May'July; facilitation of a bid process July'August; selection of a bidder August'November; and negotiation with a selected entity through the third quarter of 2026.
City staff described a contingency if no acceptable bids are received: the city would extend parking leases and continue to use the lots for city parking while considering purchase of the successor-agency APNs.
Board members asked how appraisals would be prepared. A staff presenter said the draft appraisal was prepared on a commercial mixed-use basis but said staff would confirm whether additional valuations (for example, as a parking lot and as multifamily housing) should be obtained before finalizing the appraisal strategy.
The board voted to adopt the resolution to approve Ventura's ROPS and accept the Site 7 update; the motion passed 5-0.
Moving forward, staff said it will continue SLA compliance review, obtain updated-market valuations and return with further RFP and disposition details to the board as those steps proceed.
(Ending) The adoption authorizes staff to proceed with the appraisal and SLA-notification steps described; if the RFP process yields no viable bidders the city will retain parking use while considering acquisition of the successor-agency parcels.
