Published: September 7, 2021
Following the Board of Supervisors August 31, 2021
vote to remarket the Chanate Campus for sale, the online auction sale will
open shortly. Sealed bidding is scheduled to end on November 9, 2021. All
of the County’s due diligence materials will be available via the Ten X portal
and will ensure all buyers review and sign off on receipt of those materials
prior to submitting a bid. Full auction sale details and due diligence materials are available through the Ten X portal here: https://www.ten-x.com/listing/3313-chanate-rd-santa-rosa-ca-95404/1000015064/.
The due diligence materials include seismic studies,
constraints mapping, and an update market value of the property. Seismic
engineers have confirmed the location of two major faults that were previously
identified on state geological maps as part of the Alquist-Priolo Earthquake
Fault Zoning Act study zones. In addition, a third major fault was found, plus
a number of minor faults traversing under the Public Health Laboratory,
associated with the Rogers Creek fault as it bends across the Chanate property
and merges into the Healdsburg fault.
Using the new data, engineers created a constraints map with
the recommended development setbacks. Setbacks are not mandatory in the
California Building Code, but it is recommended that no structures intended for
occupancy be constructed astride a fault. The map indicates that of the total
71 acres, approximately 46.74 acres of the Chanate property are developable;
10.8 acres are within fault zone setbacks. An additional 14.1 acres have slopes
exceeding 20 percent.
Based on the Chanate Campus's net 46.74 developable acres,
the property has been revalued at $23.2 million - a significant enhancement
from previous estimates. Note that the appraisal assumes the buildings are
removed and the property is free of any contamination; the County is currently
selling it as-is.