BOARD AGENDA MEMORANDUM
SUBJECT:
Title
Approve the Sale of Santa Clara Valley Water District Surplus Property Located at 110 South Sunset Avenue, San Jose, APN 481-21-055, File No. 4026-131.1 (District 6) (San Jose).
End
RECOMMENDATION:
Recommendation
A. Approve the sale of surplus property located at 110 South Sunset Avenue, San Jose, APN 481-21-055, File No. 4026-131.1, to Hien Thi Nguyen and Charles Huu Nguyen, the bidder submitting the high bid in the amount of $573,000; and
B. Authorize the Chief Executive Officer, or her designee to execute the Real Property Purchase and Sale Agreement with Quitclaim Deed to Hien Thi Nguyen and Charles Huu Nguyen.
Body
SUMMARY:
The surplus property is located at 110 South Sunset Avenue (subject property), San Jose, and consists of a 1,456-square foot, 4-bedroom, 2 bath residential single-family home. The lot is 5,058 square feet in size. (Attachment 1). On September 27, 2016, the Valley Water Board adopted Resolution No.16-71 declaring several Valley Water parcels, including the subject property, as surplus land and no longer required for Valley Water purposes. After making the property available for purchase for the requisite time period and for affordable housing, open space, or recreational uses, Valley Water pursued sale of this property through the public auction process outlined in the Government Code. (Attachment 2).
Staff proceeded with the following outreach efforts for the public auction of the subject property:
A. Secured a fair market appraisal (Attachment 3).
B. Placed two large for sale signs on the house for public exposure.
C. Advertised the public auction in the San Jose Mercury News, San Jose Metro, El Observador and Vietnamese Daily News.
D. Listed the subject property in the Multiple Listing Service (MLS) that is used by real estate brokers.
E. Conducted two open houses on September 10, 2019 and September 18, 2019. There were approximately 60 attendees at the open houses.
F. Posted the pu...
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