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<br />. <br /> <br />. <br /> <br />. <br /> <br />5/251051es <br /> <br />RESOLUTION NO. 2005-060 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AUTHORIZING THE PREPARATION OF A SANTA <br />ANA NEIGHBORHOOD MARKET DRILLDOWN ANALYSIS BY <br />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, determines <br />and declares as follows: <br /> <br />A. Social Compact is a non-profit corporation that is led by business leaders <br />from across the country, including but not limited to, the Federal Home Loan <br />Bank of San Francisco, Fannie Mae, First American Financial, State Farm, <br />Affinity Bank, the Principal Financial Group, Washington Mutual and former <br />governors of the U.S. Federal 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 poised for <br />change, has strong leaders and is an active business community. The <br />findings by Social Compact will be of great value in supporting initiatives to <br />improve economic opportunities in Santa Ana. <br /> <br />C. The City of Santa Ana wishes to provide necessary information sets to Social <br />Compact for the Drilldown. These information sets include tax assessment <br />data, building permit information, crime data, vehicle registration, land use, <br />school data, utility data, financial institution information and commercial <br />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 large <br />portions of the Santa Ana Empowerment Zone and the Downtown. <br /> <br />Section 2. The City of Santa Ana authorizes Social Compact to perform the <br />Santa Ana Neighborhood Market Drilldown for the City, at no financial cost to the City. <br /> <br />Section 3. The City of Santa Ana hereby authorizes and empowers the <br />Executive Director of the Community Development Agency or her designee to provide <br />Social Compact with all of the necessary information in order for it to perform the Santa <br />Ana Neighborhood Market Driildown. <br /> <br />Resolution 2005-060 <br />Page 1 of 4 <br />