Town Of Moraga

Council Tables Potential Subdivision at Rheem Blvd. and St. Mary's Road

The Town Council voted unanimously to table the potential subdivision of Town-owned property at Rheem Boulevard and St. Mary’s Road at its October 12, 2011 meeting. The Town Council voted unanimously to table the potential subdivision of Town-owned property at Rheem Boulevard and St. Mary’s Road at its October 12, 2011 meeting. In 2010, the Town Council had directed staff to look into selling a lot on Devin Drive and potentially subdividing and selling Town-owned property at the southwest corner of Rheem Boulevard and St. Mary’s Road. The potential property sales were intended to pay off a $450,000 promissory note on 331 Rheem Boulevard, which houses the Town’s Corporation Yard and public works functions that had previously been located at the Hacienda. The Council’s decision recognized the current real estate market, the expense and time that would be necessary to process a subdivision, the community’s desire to preserve Town-owned open space, and the possibility that other financing mechanisms may be available for 331 Rheem Boulevard. The Council’s motion included directing Town staff to negotiate with the promissory note holder and research options for long-term, favorable financing.

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