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Is too small for a public park or recreational facility and is not necessary or feasible for an park or recreational use; I Is already developed as a residential single-family house and is not open space, adjoining open space, or needed for the enjoyment of any scenic beauty or the conservation of natural resources. Process As part of the process to declare the Farland Property surplus, the District is required to adopt the attached resolution. Highlights of the attached resolution include: The Farland Property has been appraised and has a fair market value of $600,000. As an older residential property, it is to be sold "as is" with no warranties or representations. • Board authorizes, pursuant to the Surplus Land Act, sending a Notice of Availability (attached) to: o The Area Housing Authority of Ventura County o The California Department of Housing and Community Development o Conejo Valley Unified School District • In accordance with Government Code Section 54222, the above entities have sixty (60) days from the date the Notice was sent to notify the District of its interest in acquiring the Farland Property. • If those entities have no interest in acquiring or if no agreement is reached with those entities on sales price and terms, or lease terms, the District may market and sell the property to the general public. • The property is leased and occupied by renters who will vacate by, and possession for any purchaser will be available on September 1, 2022. Delegates the authority to the General Manager, or designee, to conduct all negotiations, sign and submit all documents, including, but not limited to, applications, agreements, marketing, listing with a broker, amendments, and payment requests, which may be necessary to complete the sale and disposition of the Farland Property. Conclusion The Community, the District, and District staff have been very appreciative of the gift Donna Fargo provided. The gift has served the District well for over 40 years; however, staff believes declaring the Farland Property as surplus and utilizing the funds from a potential sale in a manner yet to be determined, Donna Fargo's legacy and love of the District will continue for future generations.