47. 7 Acres of Prime Development Land Property is located across Lake Rd from UC Merced Campus. Owner is interested in a Joint Venture Partnership with experienced Developer/Builder Annexation of the property is in process based on recently California Assembly Bill AB 3312 which allows all of UC Merced to be annexed and only certain properties that are adjacent to campus property. The subject property is adjacent to UC Merced property. General Plan indicates zoning for low density residential and mixed use, approximately 50% each. The City of Merced has been very cooperative and would entertain a Planned Development which could include Multi-family, Retail, Office etc. Information for City of Merced Zoning Ordinance for Planned Development standards is available upon request or can be located on City of Merced web-site, zoning, special use zoning districts Lake Rd frontage is approximately 1,500 feet Alternate access could be from Los Olivos Rd.