Item 42 - Exchange of Real Property and Purchase of Land

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Public Works Agency https://www.santa-ana.org/pw Item # 42 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report June 21, 2022 TOPIC: Exchange of Real Property and Purchase of Land AGENDA TITLE Approve an Agreement for the Exchange of Real Property and Purchase of Land from the City in the amount of $5,900,000, for the Development of a New Park (Non -General Fund) RECOMMENDED ACTION 1. Approve an appropriation adjustment recognizing revenue in the amount of $4,127,878.80 in the Select Street Construction Fund, Sale of Land revenue account for Fiscal Year 2021-22 and appropriating the same to the OCTA Bristol Street Corridor Improvements, Improvements Other Than Building expenditure account. Receipt of Measure M Street Construction proceeds in the amount of $1,772,121.20 will be disbursed to the Orange County Transportation Authority (OCTA). (Requires five affirmative votes) 2. Authorize the City Manager to execute an Agreement for the Exchange and Purchase of Real Property between the City and Charles H. Manh Family Trust (APNs 004-123- 56, 004-123-57, 005-142-34, 005-142-48, 005-142-49, 008-091-01, 008-091-02, 008- 091-13, 008-091-14, 405-272-21, 405-272-24, and 405-074-38), in the sum of $5,900,000, subject to non -substantive changes approved by the City Manager and City Attorney. DISCUSSION On July 6, 2021, City Council approved American Rescue Plan Act (ARPA) funding for addition of park/open space. The spending plan included monies allocated for additional green/open space under the Public Health and Safety Spending Plan. As such, City Council allocated $7.8 million dollars to the Parks, Recreation and Community Services department for the development of additional parks and open space enhancements. Staff was recently directed to pursue the purchase of 848 N. Garnsey St. (APN 005-142- 48), 852 N. Garnsey St. (APN 005-142-49), and 925 N. Flower St. (APN 005-142-34) (101"/Flower Properties) for the development of a park, in alignment with the ARPA Spending Plan goals.