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Public Hearing — Resolution to Authorize Negotiations for Sale of <br />City -owned Real Property at 1301 and 1305 West 12th Street <br />August 21, 2018 <br />Page 2 <br />Under the Santa Ana Municipal Code (SAMC) Section 2-706, surplus real property may be sold <br />(after authorization by the Council) only to the highest bidder, subject to final confirmation by the <br />Council and with notice of the sale given by newspaper publication. However, SAMC Section 2- <br />709, provides an exemption to this procedure and permits a sale on direct negotiations without <br />the need for public auction or competitive bidding, upon two-thirds vote of the City Council after a <br />duly noticed public hearing. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #6 — Community Facilities & <br />Infrastructure, Objective #1 (establish and maintain a Community Investment Plan for all City <br />assets), Strategy G (develop and implement the City's Capital Improvement Program in <br />coordination with the Community Investment and Deferred Maintenance Plans). <br />Approval of this item also supports the City's efforts to meet Goal #3 — Economic Development, <br />Objective #2 (create new opportunities for business/job growth and encourage private <br />development through new General Plan and Zoning Ordinance policies), Strategy C (support <br />business development and job growth along transit corridors through the completion of critical <br />transit plans/projects). <br />ENVIRONMENTAL IMPACT <br />There are no environmental impacts associated with this action. <br />FISCAL IMPACT <br />There is no fiscal impact at this time. Revenue from the sale of these City -owned properties must <br />be recognized in the Select Street Construction and OCTA Measure M2 Street Construction <br />funds used for the acquisition. Upon conclusion of the negotiations, staff will bring the transaction <br />details, including the revenues generated, for City Council authorization to recognize, receive, <br />and di t 'bute the proceeds in accordance with Agreement C-8-1157 between the City and <br />OCTA. <br />I <br />Fuad S.elreiss, PE, <br />ExecutitiveI Director <br />Public Wdrks Agency <br />Exhibits: 1. Location Map <br />2. Resolution <br />75C-2 <br />