The City of Sparks Redevelopment Agency is the owner of properties located along Avenue of the Oaks (APN 32-341-22, Parcel E and 32-341-23, Parcel D).  Both parcels are currently undeveloped.  The Agency is in the process of assembling both parcels for development and has requested that the Sparks City Council consider a BLA of a City owned parcel (APN 32-341-30, Parcel M) situated between the Agency parcels.  The City of Sparks Redevelopment Agency intends to sell the assembled property to SWD-Quarry FVS, LLC for the development of the Fountainhouse Ph 2 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 BLA document has been developed to add approximately 159 SF of land per parcel to the City of Sparks Redevelopment Agency parcels (APN 32-341-22, Parcel E and 32-341-23, Parcel D) from the property owned by the City of Sparks (APN 32-341-30, Parcel M).  Refer to the attached BLA.  The BLA request is addressing two areas on the City of Sparks Redevelopment Agency parcels.  The first is an area located in the northwest corner of Parcel E and the second is located in the northeast corner of Parcel D.  The areas are required for the building footprint, and electrical and water services for the proposed project.  The transfer of the two areas will not adversely impact the City owned parcel situated between the Agency parcels.   

1. The City of Sparks Redevelopment Agency could approve the boundary line adjustment request as outlined by Staff.
2. The City of 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.