07 - Laserfiche WebLink

Downtown Specific Plan Area built before 1942) A conservation easement to ensure these preservation interests in perpetuity is being developed by Mr MacDonald, and is recommended to be subject to the approval of the City Attorney, Director of Community Development and City Manager If the Council adopts staff's recommendation for the sale of 309 Neal Street to a private party subject to the conservation easement, Mr MacDonald will prepare a marketing plan, recommended to be subject to the approval by the City Manager, that includes (a) reduced realtor commission, and (b) a set opening date for proposals that includes consultation with the City Manager's designee As the property is currently part of Ms Jones' estate, with the City as the beneficiary, the City is not legally the owner of the property As such, the sale of the property is not subject to typical State laws regarding City disposition of assets (e g , offer to affordable housing groups in the county, etc ) Mr MacDonald proposes, and City staff concur, that a real estate broker should be utilized to ensure compliance with complicated State laws regarding the sale of residences in California 2 Estate proceeds As the executor's report indicates, Ms Jones' estate after probate costs and other expenses will total about $291,000, plus the estimated $1,000,000 value of 309 Neal Street if sold to a private party with covenants as described herein Ms Jones' will states that "Upon termination of the trust, the remaining trust assets shall be distributed outright and free of trust to the City of Pleasanton and used for historical building preservation purposes " The Council has discretion to determine how to use the estate proceeds in support of Ms Jones' intentions a Endowment for Amador Livermore Valley Historical Society The executor's report proposes, and staff supports, the use of estate proceeds to create an endowment with the Amador Livermore Valley Historical Society (ALVHS) The ALVHS is a recognized tax-exempt organization that operates the Museum on Main, a local history museum, and was specifically named in Ms Jones' will as an organization that should be consulted The ALVHS's Endowment Fund Resolution (Attachment 4) limits annual distributions, requires reporting to the City Manager, and limits expenditures to support the programs of the ALVHS and Museum on Main This support of an organization dedicated to local history in a historic building is in furtherance of Ms Jones' wishes 3 Acknowledgment of Ms Jones Given Ms Jones and her family's history with Pleasanton, 309 Neal Street being Pleasanton Hospital, and Ms Jones' generous donation of her estate for the public benefit, staff recommends that Ms Jones also be publicly acknowledged a Plaque at 309 Neal Street Staff recommends that an easement be created at 309 Neal Street, then a plaque commemorating Ms Jones and the Pleasanton Hospital be designed and installed so that pedestrians can read about the history of Ms Jones and the building The cost of such plaque can be paid from the estate proceeds, and design and installation managed by the ALVHS with approval from the City of Pleasanton Page 5 of 6