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6/21/2012 LES <br />by a national and regional real estate recession, which has had particularly negative <br />effects within the City of Santa Ana. Given current market conditions, it is in the interest <br />of taxing agencies, including those represented on the Oversight Board, that properties <br />be marketed in a judicious and careful fashion and not precipitously or in a hurried or <br />random fashion. <br />NOW THEREFORE, BE IT RESOLVED by the Successor Agency to the former <br />Community Redevelopment Agency of the City of Santa Ana as follows: <br />Section 2. The Successor Agency finds and determines that the foregoing <br />recitals are true and correct. <br />Section 3. The Successor Agency affirms the Inventory of Property. <br />Section 4. The Successor Agency may begin the process to dispose of the <br />Marketable Properties pursuant to Health & Safety Code Section 34181, including the <br />preparation of a Request for Proposals for broker services and negotiation and <br />execution of a broker contract by the City Manager in order to dispose of the Marketable <br />Properties. <br />Section 5. The Successor Agency will be reimbursed for all costs and <br />expenses associated with the maintenance and disposition of the Marketable Properties <br />and directs staff to make a demand upon escrow for such amounts. <br />Section 6. The Successor Agency directs the transfer of title to property in City <br />(Governmental Use) service to the City of Santa Ana ("City") and recommends that <br />Successor Agency staff take any and all actions necessary to correctly vest title in such <br />governmental purpose properties with the City. <br />Section 7. The Clerk of the Council shall certify to the adoption of this <br />Resolution. <br />2 <br />2-6