The Sparks Redevelopment Agency is the owner of property located at Victorian Plaza Circle and Avenue of the Oaks (APN 32-341-21, Parcel 1).  Parcel 1 is currently being used for public surface parking.   The Agency is in the process of assembling a parcel for development and has requested that the Sparks City Council consider a boundary line adjustment of a city owned parcel (APN 32-341-20, Parcel H) situated west and north of the agency parcel.  The city owned parking garage is located on Parcel H. The Sparks Redevelopment Agency intends to sell the assembled property to SWD-Quarry Bridges, LLC for the development of the Bridges project.

Under NRS 279.432 the City of Sparks is allowed to dedicate, sell, convey or lease any of its property to a redevelopment agency.  A Boundary Line Adjustment (BLA) document has been developed to add approximately 1,355 SF of land to the Sparks Redevelopment Agency parcel (APN 32-341-21, Parcel 1) from the property owned by the City of Sparks (APN 32-341-20, Parcel H).  Refer to the attached BLA.  The BLA request is addressing two areas on the City of Sparks Redevelopment Agency parcel.  The first is a sliver of area in the northeast corner of Parcel 1.  This area is required to allow for a uniform building footprint.  The second area, on the west side of the parcel, is needed to provide space for a fire riser room, area for trash and recycling containers, and electrical and water services for the proposed project.  The transfer of the two areas will not adversely impact the city owned parcel situated west of the agency parcel. The added land to the redevelopment parcel will be included in the new appraisal value.

An existing temporary public access easement across the Sparks Redevelopment Agency parcel will need to relinquished and recorded prior to the recording of the BLA.  Refer to the attached easement relinquishment.  The temporary easement currently allows for public access across the Agency parcel from a parking garage exit drive.  The removal of the access will not impact the operation of the existing parking garage circulation.    

1. The Sparks Redevelopment Agency could approve the boundary line adjustment request as outlined by Staff.
2. The Sparks Redevelopment Agency could deny the boundary line adjustment request as outlined by Staff and provide direction to the Chief Administrator Officer.

I move to approve the boundary line adjustment request as outlined by staff.