City Council 4 7 2026 Agenda Item N5 Acquisition of Vacant Real Property

The City Council of Oxnard held a meeting on March 26, 2026, to discuss the acquisition of two vacant properties located at 5230 and 5208 Cypress Road from Habitat for Humanity Ventura County. The properties were originally acquired by Habitat for Humanity using loans totaling $1,600,000 and $760,000, which were reassigned to the city after the dissolution of redevelopment agencies in 2012. The council considered a settlement agreement allowing the city to acquire the properties for a conveyance payment of $1, with the city covering transaction fees estimated up to $10,000. Following acquisition, the city plans to potentially surplus the properties for development, including market rate housing with affordable housing requirements if more than 10 units are built. The acquisition is consistent with the Oxnard 2030 general plan, and funding is available within the 2025-2026 housing department budget. The council was recommended to adopt a resolution authorizing the acquisition and execution of necessary documents.