Item 22 - Public Hearing for Five-Year Economic Development Subsidy Report THRIVE

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Community Development Agency www.santa-ana.org/community-development Item # 22 City of Santa Ana 20 Civic Center Plaza, Santa Ana, CA 92701 Staff Report March 4, 2025 TOPIC: Public Hearing for Five-Year Economic Development Subsidy Report for THRIVE Santa Ana, Inc. AGENDA TITLE Public Hearing for Five-Year Economic Development Subsidy Report for THRIVE Santa Ana, Inc. Legal notice published in the OC Reporter on February 21, 2025. RECOMMENDED ACTION 1. Conduct public hearing to consider any written or oral comments on the information contained in the Five-Year Economic Development Subsidy report for THRIVE Santa Ana, Inc. 2. Receive and file report. GOVERNMENT CODE §84308 APPLIES: Yes DISCUSSION In March, 2020, the City Council approved a Disposition and Development Agreement (DDA) with THRIVE Santa Ana, Inc., for the development of a micro-farm at 1901 W. Walnut Street and executed a ninety-nine year Ground Lease. Government Code Section 53083 requires that the City Council must hold a noticed public hearing and, prior to the public hearing, provide information to the public through the City's website regarding the proposed economic development subsidy. As part of the approval process, an economic development subsidy report was completed and submitted detailing the structure of the public subsidy, projected tax benefits, and estimated number of jobs that would be created by the subsidy. This report has been available to the public and posted on the City's website until the end date of the economic development subsidy. Government Code 53083 also requires that within five-years of the approval of the subsidy, the City must prepare a new subsidy report that includes the original subsidy information plus net tax revenue and net number of jobs created by the subsidy. Since execution of the DDA, THRIVE has been working to develop a micro-farm to grow