Item 25 - Appropriation Adjustment and Purchase and Sale Agreements per RFP 20-159

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Purchase and Sale Agreements — RFP 20-159 Sale of City -Owned Vacant Properties December 21, 2021 Page 3 receive project updates, and submit proposals electronically. A total of 254 vendors were notified of the opportunity via PlanetBids, and 80 prospective bidders downloaded the RFP document. On March 24, 2021, 8 proposals were received, accompanied by $47,560 in deposit checks (approximately 1 % of proposed bid amounts) from four vendors. The proposals were evaluated and ranked by a review committee composed of representatives from the Public Works Agency, Community Development Agency, Planning and Building, and Finance and Management Services. Ranking criteria included Project Team, Experience, Proposed Development Concept, and Financial Capacity; Bid Amount and Deposit Verification; Fiscal and Economic Benefit Analysis; and Community Benefit for both Commercial / and Professional zoned proposals. The ranking of the firms is as follows: Parcel ID Entity Proposed Development Purchase Price 1 C-1 Southwest Group Properties, LLC Retail Drive-thru $950,000 2 C-6 Santana Green Development, LLC Multi -Tenant Restaurant or Energy Charging Station $900,000 Total $1, 850, 000 Distribution of Funds Estimated Proceeds for Bristol Improvements $1,189,750 Estimated Proceeds to be Returned to Funding Agency (OCTA) $660,250 The top -scoring proposals demonstrated necessary capacity and presented a diverse mix of development concepts consistent with current zoning as required by RFP. The bid offers received were reasonable and within industry standard and the above - recommended proposals were found to provide the best value for the City of Santa Ana, both in the short-term and long-term benefits. Approval of Recommended Actions No. 1-3 will enhance community satisfaction with reduction in neighborhood blight, revitalize neighborhoods, and reduce liability to the City and community in general (Exhibits 2 and 3). The estimated economic development benefits that will occur as a result of activation of these vacant lots will promote revenue generating developments, create new local jobs, and generate new sales tax revenues. Disposing of these properties will generate sustainable City general fund revenues with increased property tax rolls and additional utility user taxes collected on an annual basis in perpetuity. ENVIRONMENTAL IMPACT In 1990, the City Council approved the Bristol Street Final Environmental Impact Statement/Environmental Impact Report (FEIS/EIR No. 89-01). On June 3, 2014, the City Council approved an Addendum to the FEIS/EIR pursuant to the California