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PURCHASE AND SALE AGREEMENT <br />THIS PURCHASE AND SALE AGREEMENT ("Agreement") is made and entered into <br />this L� day of " 2021 ("Effective Date"), by and between Southwest Group <br />Properties, LLC, a California limited liability company ("Buyer"), and the CITY OF SANTA <br />ANA, a charter city and municipal corporation organized and existing under the Constitution and <br />laws of the State of California ("Seller" or "City"). As used herein, Buyer and Seller may be <br />referred to collectively as the "Parties," and each individually as a "Party." <br />RECITALS <br />A. City is the fee simple owner of that certain real property consisting of <br />approximately 18,290 square feet, located at 1601 N. Bristol Street (APN No. 405-252-21), and <br />1067 N. Bristol Street (APN No. 405-252-22) Santa Ana, California, legally described in <br />Exhibit "A" attached to this Agreement and incorporated into this Agreement in its entirety by <br />this reference (the "Property"). <br />B. On April 21, 2020, the Santa Ana City Council adopted Resolution No. 2020-032 <br />declaring the Property as surplus land and directing the City Manager to comply with the <br />requirements of California Government Code Section 54220 et seq. ("Surplus Land Act") for the <br />disposition of the Property. <br />C. On April 27, 2020, the City released a Notice of Availability ("NOA") of surplus <br />property for the Property for a period of sixty days. This NOA was sent out to all " local public <br />entities," as defined in Health and Safety Code section 50079, within whose jurisdiction the <br />surplus land is located, and to "Housing Sponsors" that have notified the California Department <br />of Housing and Community Development ("HCD") of their interest in surplus land. The NOA <br />was also sent to local parks agencies and school districts. <br />D. The Property was among those for which either no responses were received by <br />entities receiving the notices of availability or for which responses were received and good faith <br />negotiations ended after a period of not less than 90 days without agreement to price and terms. <br />E. On December 10, 2020, the City issued Request for Proposal 21-159, by which it <br />sought Proposals for the development of various vacant properties in the City of Santa Ana, <br />including the Property that is the subject of this Agreement. <br />F. Evaluation and negotiations have concluded, and the City has otherwise complied <br />with all applicable requirements of the Surplus Land Act prior to the sale of the Property. <br />G. City now desires to sell the Property to Buyer, and Buyer desires to purchase the <br />Property from City, in accordance with the provisions of this Agreement. <br />-1- <br />