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<br />5/25/05 les <br /> <br />RESOLUTION NO. 2005-060 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE <br />CITY OF SANTA ANA AUTHORIZING THE PREPARATION <br />OF A SANTA ANA NEIGHBORHOOD MARKET DRILLDOWN <br />ANALYSIS BY SOCIAL COMPACT <br /> <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br /> <br />Section 1. The City Council of the City of Santa Ana hereby finds, <br />determines and declares as follows: <br /> <br />A. Social Compact is a non-profit corporation that is led by business <br />leaders from across the country, including but not limited to, the <br />Federal Home Loan Bank of San Francisco, Fannie Mae, First <br />American Financial, State Farm, Affinity Bank, the Principal Financial <br />Group, Washington Mutual and former governors of the U.S. Federal <br />Reserve Bank. <br /> <br />B. The Neighborhood Market Drilldown ("Drilldown") performed by Social <br />Compact is a pioneering market analysis model that reveals the hidden <br />strengths of undervalued communities. Social Compact's criteria for <br />performing a market analysis include reviewing a location that is <br />poised for change, has strong leaders and is an active business <br />community. The findings by Social Compact will be of great value in <br />supporting initiatives to improve economic opportunities in Santa Ana. <br /> <br />C. The City of Santa Ana wishes to provide necessary information sets to <br />Social Compact for the Drilldown. These information sets include tax <br />assessment data, building permit information, crime data, vehicle <br />registration, land use, school data, utility data, financial institution <br />information and commercial business license records. <br /> <br />D. The neighborhoods that will be associated with the Drilldown study are <br />depicted on Exhibits 1 and 2. These proposed study areas encompass <br />large portions of the Santa Ana Empowerment Zone and the <br />Downtown. <br /> <br />Section 2. The City of Santa Ana authorizes Social Compact to perform <br />the Santa Ana Neighborhood Market Drilldown for the City, at no financial cost to <br />the City. <br /> <br />Section 3. The City of Santa Ana hereby authorizes and empowers <br /> <br />550-5 <br />