Today's Law As Amended


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AB-2174 State property: surplus.(2013-2014)



As Amends the Law Today
As Amends the Law on Nov 21, 2014


SECTION 1.
 (a) The Director of General Services may sell, exchange, sell combined with an exchange, or lease for fair market value, upon those terms and conditions as the Director of General Services determines are in the best interests of the state, all or any part of the following real property pursuant to Section 11011.1 of the Government Code:
(1) Parcel 1, consisting of approximately 0.434 acres and improvements, known as the Employment Development Department parking lot located at 850 Turk Street in San Francisco, San Francisco County Assessor Parcel Number 0744-006.
(2) Parcel 2, consisting of three parcels of approximately 0.29 acres and improvements, known as the Employment Development Department parking lot located at 745 Franklin Street in San Francisco, San Francisco County Assessor Parcel Numbers 0761-002, 0761-003, and 0761-022.
(3) Parcel 3, consisting of approximately 1.5 acres and improvements, known as the Department of General Services’ Bercut Drive Building, located at 570 Bercut Drive, in Sacramento, Sacramento County Assessor Parcel Number 01-0181-028.
(4) Parcel 4, consisting of approximately 1.1 acres and improvements, known as the Department of Public Health lab facility located at 1449 West Temple Street in Los Angeles, Los Angeles County Assessor Parcel Number 5160-005-900.
(5) Parcel 5, consisting of approximately 2.03 acres and improvements, known as the Department of Corrections and Rehabilitation’s Fresno Female Offender Program Property, located at 2855 Whitesbridge Avenue, in Fresno, Fresno County Assessor Parcel Number 464-020-01-1.
(6) Parcel 6, consisting of approximately 1.04 acres and improvements, known as the California Highway Patrol field office located at 1888 Oceanside Boulevard, San Diego County Assessor Parcel Number 151-010-19.
(7) Parcel 7, consisting of approximately 1.87 acres and improvements, known as the California Highway Patrol field office located at 4040 Pierce Road, Bakersfield, Kern County Assessor Parcel Number 332-0100-029.
(b) To the extent bonds issued by the State Public Works Board involve the property to be sold pursuant to this section, all issuer- and trustee-related costs associated with the review of any proposed sale, together with the costs related to the defeasance or retirement of any bonds, which may include the cost of nationally recognized bond counsel, shall be paid from the proceeds of any sale or lease authorized by this section.
(c) Parcel 1 has both federal and state equity. Proceeds received from the disposition of Parcel 1 shall be subject to the reimbursement of federal and state equity financing, as required under applicable federal and state laws.