Recommendation to adopt Specifications No. RFP EP19-028 for the purchase and development opportunity at 925-945 East Pacific Coast Highway, Assessor Parcel Numbers 7210-013-900 and -901 (Subject Property); Declare the City-owned Subject Property as surplus; Authorize City Manager, or designee, to execute any and all documents necessary including a Purchase and Sale Agreement (PSA) with Mercy Housing California, Inc., a California nonprofit public benefit corporation, or affiliate (Buyer/Developer), for the sale of the Subject Property in the amount of $750,000; and Accept Categorical Exemption CE 19-168. (District 6)
Motion carries. Thank you. Next item 36. Report from Economic Development Recommendation to adopt specifications for the Purchase and Development Opportunity at 9252945 East Pacific. Coast Highway. Declare the city owned as surplus. And authorize city manager to execute all documents necessary with Mercy Housing California for the sale of the subject property in the amount of 750,000 District six. Thank you. And we have a short presentation for this. Yes, John Geisler and Sergio Romero. Perfect. Good evening, honorable mayor. Council members. This is the disposition of a very important property in Cedar Six that has been vacant for a long time. It's the corner, MLK and PCH, a property at 925 East PCH, a former RTA property. By way of background, back in 2016, the city issued an RFP and selected wood investments for the development of this property. Unfortunately, during the due diligence process, wood investments was not able to secure financing and was not able to move forward the development of the property. Back in 2018, staff issued a new RFP and through a multidisciplinary panel that was comprised of outside consultants and city staff, selected Mercy Housing, an affordable housing developer with a long track record of successful, quality, affordable housing products throughout Southern California. Mercy has proposed a project that would include incorporating the city on site with an adjacent property for the development of the frontage of almost an entire city block about 30,000, a little over 30,000 square feet. The project would bring forth about 68,068 new senior housing units with the segment for seniors who have previously experienced homelessness. The project would actually feature a community room, community outreach resource center and of course, recreation and courtyard open space. Through the process, about 140 construction jobs would be created for the development of the project, and about five permanent jobs would be created through the affordable housing project. The terms of the sale. This is the first. This tonight's actions will be the first step of the development this property and will be kicked off by the sale, the property and or the exploration of the due diligence by the developer for the acquisition of the property. Better state that the property would be sold at $750,000. The developer would conduct a due diligence for about 90 days and would have 21 months to secure financing process entitlements through the Development Services Department. So the rendering that you previously saw, that was only a concept they would be working with Christopher Kuntz, this group, to process the design and do community outreach to make sure that the community had an opportunity to have input on the project and features. And with that, staff recommends approval of the sale of the 925 Eastern Pacific Coast Highway and is happy to answer any questions. Thank you very much for going to public comment. I have two members of the public eye so I can ferry and Jasmine Tong, please come forward. Please go ahead. Okay. Thank you, Mayor. City Council Vice Mayor. I want to say that I'm in complete support of this affordable housing project coming into the neighborhood here. And Africa town, I mean, central Long Beach. You know, I think this is a very appropriate, uh, you know, development in the area. This is formerly been, uh, it was formerly a liquor store that was a nuisance in the area. And I was glad when they fled it out and I knew something great was coming. And I just want to say my appreciation to the wise counsel of the sixth District, city councilman and vice mayor, for bringing these kind of occasions and opportunities to the neighborhood. That being said, I'm curious to see if maybe. Excuse me. Excuse me. You got me. Yes. Okay. I was curious to see if this will also be an opportunity for the, the Long Beach, uh, investment, whatever that program is that gave $4 million to the project on. And I'm in Walnut. You know, maybe we could shorten that at 21 months of escrow and get it, get it down to 16 or 14 with the good graces and opportunities provided by our economic development department. You know, I don't know if that's Mr. Keisler or, uh, uh, Mr. Coons, but, you know, we would love to have that. We'd love to have a clinic in that neighborhood. My family has a property on 16th and okay, so I'm right down the street and it would just be so opportune to see this empty lot be turned into something, uh, providing affordable housing for the neighborhood. So I would love to see this happen. Thank you. Thanks so much, Mr.. Thank you. Thank you. My name is Yasmin Tong, and I'm here representing Mercy Housing, California. We're a nonprofit, affordable housing developer with more than 10,000 affordable homes nationwide that we've developed, own and manage. We're delighted for this opportunity to acquire this property from the city. This will be our second development in the city of Long Beach. It will target seniors, 68 seniors, senior households, as well as formerly homeless seniors. And really, we just want to say thank you very much for the opportunity. Thank you very much, Vice Mayor Rangers. Thank you. Thank you. Thank you. Okay. Thank you. You know, I keep telling my. Constituents in the sixth District. You got to be around long enough if you want to see good things happen, because patience is a virtue. You know, you can't get it all done in eight, nine, ten, 11 years. It takes you little time. That's why I'm sticking around you guys to make sure that these projects come to fruition. So on that corner, if you don't know Long Beach and haven't been in the time that I've been here, that's the corner that you always said. No. That is the part where you will understand that when this project goes up, you will be able to see it from downtown on the fourth floor, the third floor. Because that's going to be one of the tallest buildings we have in the sixth District. And again, I want to let you individuals know that is a key and a section in my community. And it's been a subject of a lot of interest in over the last several years. No, not several, but seven. Last year, the council directed staff to put this workshop up and I couldn't be happier with the results. They established elected mercy housing to be a recipient of this purchase of our development opportunities. Remember, they said they've only done two and I am so happy that you took the second in my district. You guys can do two more because I'm going to make sure that our seniors get a place to live and our seniors are going to be excited about everything we do. Everything this blindness excuse me, will be filled up. I guarantee you that. Just stick around and watch us do our work. Thank you guys again. And I'm hoping my colleagues will sign on with this group also. Thank you. Thank you. Vice Mayor Councilman Austin. Yes, I'm Allison, and I support that message. Excellent. Thank you. Well, thank you. Members, please go out and cast your votes on a very exciting project. Very supportive. Oh. Person monger. Yes. They're pushing cars. They're just very cold.