Item 28 - Joint Public Hearing – Resolution and Purchase and Sale Agreement for Acquisition of Real Property for Park Space

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Joint Public Hearing – Resolution and Purchase and Sale Agreement for Acquisition of Real Property for Park Space September 6, 2022 Page 3 2 9 3 2 Government Code §54220 et seq. On April 21, 2020, the City of Santa Ana, acting as Successor Agency, declared the properties as surplus. On January 27, 2021, the City released Notice of Availability (“NOA”) of surplus properties for a period of sixty (60) days. The NOA’s were sent to all “local public entities,” as defined in Health and Safety code section 50079, within whose jurisdiction the surplus land is located and to “Housing Sponsors” that have notified the California Department of Housing and Community Development (“HCD”) of their interest in surplus land. The NOA’s were also sent to local parks agencies and school districts. One response was received to the NOA, negotiations for the property commenced, and the respondant withdrew interest in the properties. Negotiations ended and the properties may now be sold with affordability restrictions. While the property will be sold for the purposes of park space, the sale of the property will include a deed restriction indicating that any future residential development on the properties that contains 10 or more units must restrict 15% of the units for affordable housing to conclude Surplus Land Act requirements for disposition. Approval of this action finalizes authorizations for the City’s acquisition of the six parcels, at 10th and Flower, for Parks and Recreation to develop a new park as identified in the Parks Master Plan. FISCAL IMPACT Funds in the amount of $598,000 for the purchase price plus closing and escrow costs are available in the ARPA account (no. 18113013-65100) for expenditure in FY 2022-23. Funds for the Successor Agency’s closing and escrow costs as the seller are available in the Redevelopment Obligation Retirement Fund account (no. 67018843-62300). Upon approval by the Oversight Board and DOF, and completion of the transaction, $598,000 in proceeds from the sale will be deposited in the Redevelopment Obligation Retirement Funds Revenue account (no. 67018002-57071) and payment to the County of Orange, Auditor-Controller will be made from expenditure account (no. 67018850-69142). EXHIBIT(S) 1. City Council Resolution 2. Successor Agency Resolution 3. Purchase and Sale Agreement 4. Location Map Submitted By: Steven Mendoza, Assistant City Manager Approved By: Kristine Ridge, City Manager