At Lynwood’s request, Caltrans must agree to move a public-use restriction between two city parcels if size and value rules are met, and the city must report on development.
At Lynwood’s request, Caltrans must agree to remove a public-use restriction from the Imperial Highway parcel if the city transfers it to a large enough, sufficiently valuable parcel on Fernwood Avenue and places a 45-year restriction there.
If Lynwood and Caltrans make the agreement, the city must report on plans and progress for both parcels, including affordable housing and public funding.
Caltrans must make an agreement with Lynwood to remove the deed restriction from the Imperial Highway parcel. The rule applies to the parcel Lynwood owns on Imperial Highway, formerly owned by Caltrans, and the city-owned Fernwood Avenue parcel identified in the law. Lynwood must agree to put the restriction on the Fernwood Avenue parcel, which must be at least as large as the Imperial Highway parcel. The Fernwood parcel’s value per acre must be at least the Imperial parcel’s value per acre, measured at the times specified in the law. The restriction on the Fernwood parcel must last 45 years. The 45-year restriction on the Fernwood Avenue parcel begins when that restriction is recorded.
Lynwood must report to the Legislature on the two parcels’ planned development. The reports cover development of the Imperial Highway and Fernwood Avenue parcels. Reports must describe development plans, project status, affordable housing units, and public financing or grants used. Reports must follow the filing requirements in Section 9795 of the Government Code. The first report is due within one year after the agreement, with annual reports after that until the planned projects are complete.
No hearings or votes scheduled.