75A - PH - EIR 1584 E SANTA CLARA AVE

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4) City Loan to Private Entity for Purchase Given the relative brevity of time to purchase and preserve the property, the City could make a loan to a private non - profit partner for purchase of the property by the private entity with a lien held by the City until the loan is repaid. Restoration and management of the property will follow the same outlines discussed in Scenario 2 above. 5) Private Entity Purchase with City Loan Guarantee This scenario would enable the private non -profit partner to acquire the property through traditional mortgage financing with the City guaranteeing the loan to the lending institution. The private partner would acquire funds to repay the loan per the terns of the financing agreement. Restoration and management of the property will follow the same outlines discussed in Scenario 2 above. Other possible variations on any of the above scenarios and additional unenumerated scenarios may also be explored and discussed between the City and the private non -profit partner. As timing is of the essence, discussions should begin forthwith. The Old Orchard Conservancy is committed to preserving, restoring and managing the Sexlinger Orchard and Farmhouse, and if possible, to acquire it. This last remaining intact family - owned orange orchard in Orange County needs to be preserved and used to benefit the public. This old orchard is not only a valuable historic asset for the City of Santa Ana, but it can also be a valuable economic and educational benefit to the community. The Old Orchard Conservancy requests that the Historic Resources Commission strongly suggests that the City purchase the Sexlinger Orchard and Farmhouse and also propose that the City Council consider the above scenarios as the means to achieve the realization of this valuable historic asset. Thank you Steve Ray Board Member The Old Orchard Conservancy 75A -55