60A - PROPERTY DISPOSITION POLICY

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a City of Santa Ana f Administrative Policies and Procedures Executive Director, Community Development Agency Authorization Subject Date Number April 2018 REAL PROPERTY DISPOSITION POLICY Purpose The purpose of this policy is to establish procedures City -owned real property assets and interests are i8E sale, lease, easement, license, or agreement for..usi individuals, or other entities for economic develo benefit uses, community beautification,.or assembla vhereby rem nantfNunneeded, or marginally used itified and recommended for disposition through to public, private, and\non-profit organizations, ment, public use, community use, community e with adj/ ent real property'. Intent �. The intent of this policy is to provide an orderly,`tra'spa,ent, ope , and fair process for public, private and non-profit organizations; individuals, land other, entities to acquire remnant, unneeded, or marginally used real property asseis.and interests from the City while assuring that the City receives the best overall value for the real property interests conveyed.` - 1. BACKGROUND -- Acquired for -it municipal operations -and various improvement projects, the City is an owner of substantial real property assets and interests." Over time the need for certain of these assets and interests can'change, thereby\creating an opportunity for their use for other purposes. By allowing remnant, unneeded, or marginally used City, -owned real property assets to be employed for other purposes, the City and its residents can beriefit from private improvements which provide property tax revenue and economic,development opportunities, support non -City public uses such as schools, or support uses that provide substantial community benefits or opportunities for neighborhood beautification improvements., It is important to note that this Real Property Disposition Policy covers real property assets and interests of the City of Santa Ana and the Successor Agency to the Santa Ana Community Redevelopment Agency, but does not cover the real property assets and interests of the City of Santa Ana Successor Housing Agency, nor those of the City of Santa Ana held for affordable housing development purposes ("Housing Properties"). Disposition of Housing Properties is instead covered by the Affordable Housing Funds Policies and Procedures, published by the Housing Division of the Community Development Agency of the City, approved by the Santa Ana City Council on March 20, 2018. The City's basic guiding policy is to optimize the sale price or lease rental income from disposition of City -owned real estate assets and interests. Optimized sales price or lease/rental income shall be based EXHIBIT 1 60A-5