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Resolution No. 16-085
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RESOLUTION OF THE BOARD OF SUPERVISORS OF T E COUNTY OF BUTTE AITROVING A COMPENSATIE1A
AGREEMENT WITH THE CITY OF OROVILLE FOR PROPERTIES TO BE INCLUDED
IN THE GATEWAY DEVELOPMENT i'OJECT
WHEREAS, the City of Oroville (the "City") and Snyder Real Estate Holdings, LLC (the "Developer")
entered into a Master Disposition and Development Agreement (the "MDDA") providing for the development
by the Developer of a commercial and retail project commonly referred to as the "Gateway Project"; and
WHEREAS, the Gateway Project which will include a hotel, restaurant, and a mixture of commercial and
retail spaces, presents a unique catalyst development opportunity for the continuing success and vitality of
downtown Oroville and has been a vision of the City for many years; and
WHEREAS, development of the Gateway Project will not only enhance downtown Oroville, hut will also
provide significant revenues for all affected taxing entities; and
WHEREAS,the Gateway Project includes four parcels of land (the "Property) owned by the City as shown
in Exhibit A, including two parcels formerly owned by the °ravine Redevelopment Agency; and
WHEREAS, the process for disposition of any property formerly owned by the Oroville Redevelopment
Agency is governed by the Oroville Successor Agency's Long Range Property Management Plan, which was
approved by the Oroville Oversight Board on December 17, 2014; and
WHEREAS, in order to provide for the contribution of the Property to the Gateway Project, the City
entered into a MDDA providing for the sale of that property to the Developer for the sum of $1.00, which
represents the fair reuse value of the property in light of the covenants, conditions and development costs
required by the MDDA; and
WHEREAS, the Oroville Successor Agency's Long Range Property Management Plan requires that prior
to the sale of the Property, the City shall enter into compensation agreements with all the affected taxing
entities; and
WHEREAS, the taxing entities that will benefit from the development of the Gateway Project (the
"affected taxing entities") are listed in Exhibit : together with their respective property tax shares; and
WHEREAS, the transactions contemplated by the MDDA are contingent upon final approval by the State
of California Department of Finance ("DOF").
NOW,THEREFORE BE IT RESOLVED, the Butte County Board of Supervisors resolves the following:
Section 1. The Butte County Board of Supervisors hereby finds that the Gateway Project will be of
substantial benefit to the City of Oroville and all of the affected taxing entities, and does hereby express its
support for the contribution of the Property to the Gateway Project.
Section 2. The Butte County Board of Supervisors hereby finds and determines that the sale of the
Property (Exhibit A) to the Developer for the Gateway Project for the sum of $1.00 ("disposition price") is
approved.
Section 3. The Butte County Board of Supervisors hereby determines that this resolution shall constitute
the compensation agreement with the City to the extent required by Health and Safety Code Section 34180(f)
and directs that a copy of this resolution be provided to the City.
PASSE" AND ADOPTED by the Butte County Board of Supervisors this 14th day of June, 2016, by the
following vote:
AYES: Supervisors Wahl, Kirk, Lambert, Teeter and Chair Connelly
NOES: None
ABSENT: None
NOT VOTING: None
17,
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:ILL CONNELLY, Chair
Butte County Board of Supervisors
ATTEST:
("---) (-- .1; ' N
PAUL HAHN",'(' hie?*,dministrative Officer and
Clerk of thd:Bo rili o upervisors
Oroville Gateway Properties
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Gateway Parcel Owners 125 500
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CITY OF OROVILLE Feet
OROVILLE REDS LOPET AGENCY rpp
EXHIBIT B
Entity %of Total
1% Property Tax
Butte County-General 0.117645
Butte County-Welfare 0.045153
Butte County- Library 0.012473
Thompson Flat Cemetery 0.000314
Oroville Cemetery 0.011257
Butte Co. Mosquito Abatement 0.002661
Oroville Mosquito Abatement 0.007736
El Medio Fire 0.000000
Feather River Rec. & Park District 0.042343
Oroville Elementary 0.153516
Thermalito Elementary 0.056940
Oroville Union High School 0.199297
Butte County Schools 0.039799
Butte College 0.063522
City of Oroville 0.242021
South Feather Water and Power 0.005203
Lake Oroville Pub. Utilities District 0.000120
Total 1%Tax Revenue 1.00000
**Total Butte County%of Total= .175271%