Laserfiche WebLink
Joint Public Hearing – Resolution and Purchase and Sale Agreement for Acquisition of <br />Real Property for Park Space <br />September 6, 2022 <br />Page 2 <br />2 <br />9 <br />3 <br />2 <br />space. The newly acquired City properties (0.38 acres), combined with the Successor <br />Agency properties (0.27 acres), would provide a new walkable 0.65-acre neighborhood <br />park to serve four adjacent neighborhoods. (Exhibit 4) <br />The City may purchase the three Successor Agency properties upon Countywide <br />Oversight Board and the Department of Finance approval of the sale. The purchase price <br />of $598,000 was established by an appraisal conducted on April 29, 2022. <br />Successor Agency <br />The City of Santa Ana adopted an ordinance in 1973 to create a Redevelopment Agency. <br />Throughout the years, the Community Redevelopment Agency (RDA) of the City of Santa <br />Ana completed numerous projects to eliminate blight, spur economic growth, funded <br />construction of affordable housing projects, and provided infrastructure and community <br />facility improvements within the defined project areas and through this process acquired <br />real property for future development. <br />On February 1, 2012, in accordance with the Dissolution Act and the California Supreme <br />Court’s decision in California Redevelopment Association v. Matosantos, Case No. <br />S194861, the RDA was dissolved and the City began to serve as the “Successor Agency.” <br />The City Council serves as the governing body of the Successor Agency under the <br />Dissolution Act as amended by Assembly Bill (AB) 1484, to administer the enforceable <br />obligations of the Agency and otherwise unwind the Agency’s affairs. <br />The Oversight Board to the Successor Agency has oversight with respect to the <br />Dissolution process, including final review and approval of the Long Range Property <br />Management Plan (LRPMP). The Oversight Board has fiduciary responsibilities to holders <br />of enforceable obligations and to the taxing entities that benefit from distribution of <br />property tax and other revenue. As of June 30, 2018, the Orange County Auditor <br />Controller is overseeing this function. <br />The three properties identified by the City for park space are identified in the LRPMP for <br />disposition. The Successor Agency may dispose of these properties after authorization <br />from the Oversight Board and the Department of Finance. <br />Approval of the resolution will allow staff to present the sale of the properties to the <br />Oversight Board and the Department of Finance for Authorization. Once authorized, the <br />Successor Agency may proceed with the sale of the properties to the City and remit the <br />proceeds to the Orange County Auditor Controller for distribution amongst taxing entities. <br />Notice of the time and place for the public hearing was published in the OC Register on <br />August 23, 2022 and August 30, 2022, once a week for two weeks in newspaper of <br />general circulation, pursuant to Health and Safety Code Section 33431. <br />Surplus Lands Act <br />The property is being disposed of in accordance with the California Surplus Lands Act,