Grass Valley looks to sell 3 properties in downtown area |

Grass Valley looks to sell 3 properties in downtown area

Grass Valley’s government proposed the sale of three properties in the downtown area, a move the city’s council members will consider at a special meeting today.

The move to dispose of the properties is tied to redevelopment agencies, which were established after World War II to combat urban blight by funneling property tax revenue to local schools, law enforcement and other services.

When Gov. Jerry Brown dismantled more than 400 redevelopment agencies statewide in 2011 to relieve pressure on the state’s general fund, cities like Grass Valley dissolved their local redevelopment agencies and transferred assets to successor agencies.

With redevelopment agency property, the city has the option of either keeping a property for government use, for future development, use it to fulfill an enforceable obligation or sell the property, wrote interim City Manager Jeff Foltz in a report. Staff has recommended the city sell all three of its transferred properties.

The properties poised for disposition are located at 161 1/2 S. Auburn St., 168 S. Auburn St. and 114-116 Neal St. The three properties are vacant land, a parking lot and a vacated/abandoned building, respectively, and Grass Valley staff estimates the properties range in value from $31,594 to $65,430, Foltz noted.

Proceeds from the sale will be deposited in the Successor Agency Trust Fund, Foltz said.

Today’s meeting of the city council and the successor agency is scheduled to begin at 5 p.m. and will take place at Grass Valley City Hall, located at 125 E. Main St.

To contact Staff Writer Christopher Rosacker, email or call 530-477-4236.

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