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24-0507_PAUL VALENZUELA TRUST_D1_PowerPointPurchase and Sale Agreement for the City-Owned Mission Trails Property with Paul J. Valenzuela; and Finding Said Action is Exempt from the California Environmental Quality Act Item D1 May 7, 2024 Proposed Property Sale •Mission Trails – 6.78 acres •February 2023 City Council initiated the Surplus Land Act noticing process for the property •February 2024 City Council adopted a Resolution of Intent 2 Purchase and Sale Agreement •Appraised value: $1.47 million •Preservation of equestrian uses while mitigating future risk and maintenance responsibilities associated with City ownership •Equestrian stable operations and SLA restrictive covenants •Equipment storage and vehicle parking 25-foot setback •Limited motorized vehicle trail access 3 Recommendation •Approve and authorize the City Manager to execute a Purchase and Sale agreement for the sale of the Mission Trails property to Paul J. Valenzuela; and, •Find that the proposed action is exempt from the California Environmental Quality Act. •Final Step: Planning Commission General Plan consistency (June 26) 4