19E - REAL PROPRETY DISP POLICY - Laserfiche WebLink

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EXHIBIT 1 City of Santa Ana - a� 5' Administrative Policies and Procedures Executive Director,Community Development Agency Authorization Subject Date I Number October 2018 REAL PROPERTY DISPOSITION POLICY Purpose and Intent The purpose of this policy is to establish procedures whereby remnant, unneeded, and marginally used City -owned real property assets and interests are identified and recommended for disposition through sale, easement, license, or agreement for use to public, private, and non-profit organizations, individuals, or other entities for economic development, public use, community use, community benefit uses, community beautification, or assemblage with adjacent real property. The City is an owner of 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, and marginally used City -owned real property assets to be employed for other purposes, the City and its residents can benefit from public and 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, positively impact the health, well-being, and livelihoods of City residents, 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, but does not cover: • The real property assets and interests of the City of Santa Ana Successor Housing Agency; • The real property assets of the Successor Agency to the former Community Redevelopment Agency of Santa Ana. Disposition of these properties are covered by the Long Term Property Management Plan as approved by the Department of Finance; • The real property assets 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; • Properties acquired as part of capital projects that are subject to the disposition terms of the funding used in the acquisition. The City's basic guiding policy is to optimize the sale price from disposition of City -owned real estate assets and interests. Optimized sale price or lease/rental income shall be based upon a current appraisal with a date of valuation not more than one (1) year prior to the date of City 19E-5