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HomeMy WebLinkAbout05. Set public hearing for 06-07-18 to consider lease agreement for portion of Kiewit Property Page 1 of 2 Item 5. CENTRAL SAN BOARD OF DIRECTORS ' POSITION PAPER MEETING DATE: MAY 17, 2018 SUBJECT: SETA PUBLIC HEARING ON JUNE 7, 2018AT 1:30 P.M. TO CONSIDER AUTHORIZING STAFF TO EXECUTE LEASE AGREEMENTS FOR THE EASTERN 18.2ACRES OF THE KIEWIT PROPERTY(APN 159-140-051) FORA PERIOD NOT TO EXCEED TEN YEARS, AND DECLARE THE PROPERTYAS UNNEEDED FOR THE TERM OF THE LEASE AGREEMENTS SUBMITTED BY: INITIATING DEPARTMENT: RICK HERNANDEZ, SENIOR RIGHT OF WAY ENGINEERING AND TECHNICAL SERVICES - AGENT PDS - DEVELOPMENT SERVICES - RIGHT OF WAY REVIEWED BY: TOM GODSEY SENIOR ENGINEER DANEA GEMMELL, PLANNING AND DEVELOPMENT SERVICES DIVISION MANAGER JEAN-MARC PETIT, DIRECTOR OF ENGINEERING AND TECHNICAL SERVICES Roger S. Bailey Kenton L. Alm General Manager District Counsel ISSUE Prior to entering into any lease of real property owned by the District, the Board must conduct a public hearing. The subject property must be used for compatible uses and for public benefit, and the term may not exceed ten years. Leased property also must be declared unneeded for District purposes during the term of the lease. May 17, 2018 Regular Board Meeting Agenda Packet- Page 55 of 534 Page 2 of 2 BACKGROUND The District currently issues various short-term leases, not exceeding ten years, on buffer properties. This property on Imhoff Drive is located directly east of the District Headquarters Office Building. A 14.8-acre portion of the property is currently being leased byAgLantis. Historically, the property was leased out for grazing. I n order to allow the District to lease this property, the Board must make a finding at a noticed public hearing that the subject property will be used for compatible uses, that it will be of public benefit, and that the term of the lease will not exceed ten years. The Board must also declare the property as unneeded for District purposes during the term of the lease. ALTERNATIVES/CONSIDERATIONS The Board may decline to establish the recommended public hearing date or may elect to choose a different date; however, a public hearing must be held if new leases are to be executed for this property. FINANCIAL IMPACTS The District will receive additional rental income. The actual amount will depend on the individual lease and agreement terms. COMMITTEE RECOMMENDATION This matter was not reviewed by a Board committee. RECOMMENDED BOARD ACTION Set June 7, 2018 at 1:30 p.m. as the date and time for a public hearing to receive comments on leasing portions of the eastern 18.2 acres of the Kiewit Property(APN 159-140-051), for terms not to exceed ten years; and declare the property as unneeded for District purposes during the terms of the leases. May 17, 2018 Regular Board Meeting Agenda Packet- Page 56 of 534