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Sale of City-Owned Farmland Approved by Placentia Council

The City Council has approved the sale of 4.92 acres of undeveloped, city-owned land just north of the Civic Center.

The city bought the land, which is being used as a strawberry farm, for $425,000 in 1975 and will sell it for an estimated $2 million or more, Mayor Michael L. Maertzweiler said.

When the city bought the property from Founders K Corp., it was being used as an orange grove.

Founders K Corp. is developing a housing tract on a 19-acre parcel just north of the city property. Maertzweiler said that project is expected to boost the value of the city land for additional housing.

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“We feel that in conjunction with a development, that the highest and best dollar for the property would be at the time of development” of the other parcel, Maertzweiler said.

Without discussion, the council voted 4 to 0 Tuesday night to sell the parcel. Councilwoman Maria Moreno was absent.

Public notice that the property is available for sale will be posted Tuesday, according to a Planning Department report.


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