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File #: 24-5568   
Type: Orange County Local Transportation Authority Item Status: Committee Ready - Consent
File created: 3/21/2024 In control: Finance and Administration Committee
On agenda: 6/11/2025 Final action:
Title: Declare Surplus Property for the Interstate 5 Improvement Project Between State Route 73 and Oso Parkway
Sponsors: Joe Gallardo, James G. Beil
Attachments: 1. Staff Report, 2. Attachment A

Subject

title

Declare Surplus Property for the Interstate 5 Improvement Project Between State Route 73 and Oso Parkway

overview

Overview

The Orange County Transportation Authority’s Interstate 5 Improvement Project between State Route 73 and Oso Parkway required the acquisition of property rights from public and private parties, adjacent to the existing freeway and city streets. Staff is requesting approval to sell a portion of a vacant commercial property, approximately 10,148 square feet, located at the corner of Camino Capistrano and Avery Parkway in the City of Laguna Niguel, Assessor Parcel No. 637-231-01, and a portion of a vacant commercial property approximately 24,434 square feet, located at Marguerite Parkway and Avery Parkway in the City of Mission Viejo, assessor parcel nos. 740-014-01 and 740-014-05 as surplus land, under the Surplus Land Act (Government Code Section 54221 et seq.).

 

recommendation

Recommendations

A.                     Declare a portion of the property located at the corner of Camino Capistrano and Avery Parkway in the City of Laguna Niguel, within the Interstate 5 Improvement Project between State Route 73 and Oso Parkway, Assessor Parcel No. 637-231-01, as surplus land pursuant to the Surplus Land Act (Government Code Section 54221 et seq.).

 

B.                     Declare a portion of the property located at the corner of Marguerite Parkway andAvery Parkway in the City of Mission Viejo, within the Interstate 5 Improvement Project between State Route 73 and Oso Parkway, assessor parcel nos. 740-014-01 and 740-014-05, as surplus land pursuant to the Surplus Land Act (Government Code Section 54221 et seq.).

 

C.                     Direct staff to seek potential buyers interested in the purchase of the surplus lands located within the Interstate 5 Improvement Project between State Route 73 and Oso Parkway in accordance with Surplus Land Act (Government Code Section 54221 et seq.) and the Real Property Policies and Procedure Manual, dated August 22, 2022.

 

D.                     Direct staff to negotiate sales terms with potential buyers and return to the Board of Directors to recommend approval of the sale of the surplus land.