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22-1114_26874 ORTEGA HWY LLC_PowerPoint_D1Public Hearing for Sale of City-owned Property Located at 31681 Camino Capistrano Item D.1 November 14, 2022 City Council Approved Background •In October 2016,the City-owned parcels were included in an Exclusive Negotiation Agreement with SJCM LLC for potential future development of a retail/office project •In January 2020,the City entered into a Ground Lease with Option to Purchase with SJC Mission Ventures for installation of site improvements associated with the adjacent Heritage BBQ/Capo Brew business •On October 4,2022,the City Council adopted a Resolution of Intention for Sale of City-Owned Property City Council Approved Sale Terms-Upper Portion-Camino Capistrano Frontage •Land Area :0.13 acres •Supports landscaping improvements and outdoor dining amenities associated with Heritage BBQ/Capo Brew •Purchase price established in Ground Lease at 2020 Fair Market Value: $22,000 •2022 CPI adjusted sales price:$23,750 •Planning Commission found the sale consistent with the General Plan •Multi-modal parking lot not affected by sale Recommendation Approve and authorize the City Manager to execute a Purchase and Sale Agreement for sale of 0.13-acres of City-owned property located at 31681 Camino Capistrano to SJC Mission Ventures,LLC;and find that said action is categorically exempt from the California Environmental Quality Act (CEQA)under CEQA Guidelines Sections 15301 and 15312.