HomeMy WebLinkAbout2008-10 - Banning Ranch Appraisal & Acquisition Ad Hoc CommitteeRESOLUTION NO. 2008 -10
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH
ESTABLISHING THE BANNING RANCH APPRAISAL AND ACQUISITION
AD HOC COMMITTEE
WHEREAS, Banning Ranch is a 518 acre parcel, of which approximately 53 acres are
within the City, with the remaining acreage within'the City's Sphere of Influence; and
WHEREAS, the City's General Plan designates this land as "open space," but allows
alternative usage for residential, retail and hotel development, if not acquired for open space;
and
WHEREAS, on January 12, 2008, the City Council identified that obtaining an appraisal
of the Banning Ranch property and assessing the feasibility of funding to purchase the property
for open space was a high Council priority for 2008; and
WHEREAS, the owners of the Banning Ranch property desire a determination be made
as to whether the property will eventually become open space or will become available for
potential development.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH HEREBY
RESOLVES AS FOLLOWS:
Section 1. Establishment
An Ad Hoc Committee is hereby established for the purpose of making recommendations to the
City Council on processes and methods to be used to obtain an objective and unbiased
appraisal of the Banning Ranch property, and based upon appraisal results, to objectively
assess the realistic funding potential for purchase of the Banning Ranch property for open
space as a community asset.
Section 2. Duties of the Committee
a) Develop a plan for meeting with and soliciting input from the Banning Ranch stakeholders
( owners, environmental community, adjacent neighborhoods, interested parties) regarding
how the appraisal process will unfold.
b) Develop a recommendation for the City Council on a process to utilize in the hiring of a
professional MBIA appraiser to conduct an appraisal of the Banning Ranch property.
c) Implement the appraiser selection process approved by the City Council, and bring the
Committee's hiring recommendation to Council for approval.
d) Work with the appraiser by providing direction on issues as requested by the appraiser. If
issues arise where the full City Council should be involved in providing direction, bring those
issues to the full City Council for its determination.
e) Once the appraisal value for the property has been established, develop a strategy for
identifying and assessing funding available for the purchase of Banning Ranch as public
open space. Conduct the funding assessment study utilizing consultant assistance if
needed. Provide a report of the Committee's assessment of funding potential to the City
Council in a public meeting.
Section 3. Composition of the Committee
The Committee shall consist of three Council members appointed by the Mayor and ratified by
the Council
Section 4. Duration of the Committee
The Committee shall expire at such time as the Committee completes its listed responsibilities
but no later than April 30, 2009.
ADOPTED this 12th day of February, 2008
ATTEST:
STATE OF CALIFORNIA }
COUNTY OF ORANGE
CITY OF NEWPORT BEACH }
I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 2008 -10 was duly and regularly introduced before and adopted by
the City Council of said City at a regular meeting of said Council, duly and regularly held on the
12th day of February 2008, and that the same was so passed and adopted by the following vote, to
wit:
Ayes: Henn, Rosansky, Daigle, Webb, Curry, Gardner, Mayor Selich
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 13th day of February 2008.
(Seal)
�6-
City Clerk
Newport Beach, California