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Committee recommends sale of city-owned Fresno County parcel for $170,000

Budget and Finance Committee · October 30, 2019
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Summary

The committee forwarded to the Board a resolution to sell roughly 40 acres of city-owned property in Fresno County for $170,000; proceeds are to be split between the library and Recreation & Parks per the original bequest terms.

The Budget and Finance Committee recommended that the Board approve the sale of city‑owned property located on West Lucille Avenue in Fresno County to Richard S. Dorsey Jr. for $170,000.

Deputy Managing Director from the Real Estate Division described the roughly 40‑acre parcel, which was bequeathed to the city in the 1940s and historically used under a ground lease. After the prior tenant terminated the lease in January 2019 staff obtained an appraisal, selected a broker, and put the property on the market; the Division reported an offer at the appraisal amount of $170,000 and the property owner and buyer’s residence were noted in the file.

John Updike (former director of property) explained the bequest’s restrictions: Recreation & Parks funds must be used at Golden Gate Park and library proceeds must be used for specified books or other court‑approved media. The chair moved the item with a positive recommendation; the motion was taken without objection and the item was forwarded to the full Board.

Next steps: the committee forwarded the sale resolution to the full Board for final approval and completion of closing steps.