BRISTOL CENTER PROPERTIES, LLC (2)

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EXHIBIT 1 INSURANCE NOT REQUIRED WORK MAY PROCEED A-2021-248 CLERK OF COUNCIL DATE! ytiyt'l. PURCHASE AND SALE AGREEMENT (1, THIS PURCHASE AND SALE AGREEMENT("Agreement") is made and entered into this li day of r,2021 ("Effective Date"), by and between Southwest Group Properties, LLC, a California limited liability company ("Buyer"), and the CITY OF SANTA ANA, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California ("Seller" or "City"). As used herein, Buyer and Seller may be referred to collectively as the"Parties,"and each individually as a"Party." RECITALS A. City is the fee simple owner of that certain real property consisting of approximately 18,290 square feet, located at 1601 N.Bristol Street (APN No.405-252-21), and 1067 N. Bristol Street (APN No. 405-252-22) Santa Ana, California, legally described in Exhibit"A" attached to this Agreement and incorporated into this Agreement in its entirety by this reference(the"Property"). B. On April 21,2020, the Santa Ana City Council adopted Resolution No.2020-032 declaring the Property as surplus land and directing the City Manager to comply with the requirements of California Government Code Section 54220 et seq.("Surplus Land Act")for the disposition of the Property. C. On April 27,2020,the City released a Notice of Availability("NOA")of surplus property for the Property for a period of sixty days. This NOA was sent out 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 was also sent to local parks agencies and school districts. D. The Property was among those for which either no responses were received by entities receiving the notices of availability or for which responses were received and good faith • negotiations ended after a period of not less than 90 days without agreement to price and terms. E. On December 10, 2020, the City issued Request for Proposal 21-159,by which it sought Proposals for the development of various vacant properties in the City of Santa Ana, including the Property that is the subject of this Agreement. F. Evaluation and negotiations have concluded,and the City has otherwise complied with all applicable requirements of the Surplus Land Act prior to the sale of the Property. G. City now desires to sell the Property to Buyer, and Buyer desires to purchase the Property from City, in accordance with the provisions of this Agreement. -1-