DATE:
December 9, 2025
15
TO:
Board of Supervisors
SUBJECT
Title
APPROVE COMPENSATION AGREEMENT REGARDING CHINESE HISTORICAL MUSEUM SITE RETAINED BY CITY OF SAN DIEGO FOR FUTURE DEVELOPMENT (DISTRICTS: ALL)
Body
OVERVIEW
On February 1, 2012, California redevelopment agencies were dissolved, and successor agencies were appointed to wind down redevelopment agencies' affairs, including the disposition of real estate owned. California Assembly Bill ("AB") ABx1-26 of 2011 and AB 1484 of 2012 (collectively known as the "Dissolution Act") provide the methods of disposition available to successor agencies subsequent to the preparation and approval of a Long Range Property Management Plan ("LRPMP").
The California Department of Finance approved a final amended version of the City of San Diego ("City") Successor Agency's LRPMP on October 15, 2015. One property included in the approved LRPMP is commonly referred to as the Chinese Historical Museum Site located at 404 Third Avenue, San Diego, CA 92101 (APN 535-074-02). The property is currently comprised of a ground lease operating a historical structure utilized as a museum. The property has been retained by the City for future development in accordance with its LRPMP.
According to California Health and Safety Code Section 34180, a compensation agreement must be established between the city retaining ownership of a future development site and the other affected taxing entities associated with the former redevelopment area, wherein the affected taxing entities receive payments from the city in proportion to their shares of the base property tax for the value of the property retained by the city for future development. The County of San Diego ("County") is one such affected taxing entity associated with these properties. Today's action requests to approve the compensation agreement between the City and the County, and direct the Clerk of the Board to execute the agreement.
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