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EXHIBIT 1 INTRODUCTION Pursuant to Assembly Bill 1X 26, the former Community Redevelopment Agency of the City of Santa Ana ("RDA") was dissolved on February 1, 2012 and the City of Santa Ana ("City") elected to serve as the Successor Agency ("Successor Agency") to the former RDA. All non -housing related assets of the former RDA transferred by operation of law to the Successor Agency. On June 26, 2012, the Oversight Board of the Successor Agency adopted Resolution 2012-09 to direct the Successor Agency to take certain actions related to the inventory of property. Those properties identified as having a governmental purpose use were approved to be transferred to the City. Four properties were identified as marketable properties to be disposed, and one property is subject to an enforceable obligation. Certain governmental use properties were approved for transfer pursuant to Oversight Board Resolution 2012-09 as transmitted to the Department of Finance ("DOF"). Housing assets were reaffirmed for transfer to the Housing Authority of the City of Santa Ana, acting as the Successor Housing Agency by Oversight Board Resolution 2012-04 as transmitted to DOF. Assembly Bill 1484 further clarified the RDA dissolution process and requires the Successor Agency to submit for approval to the Oversight Board and to DOF, a Long Range Property Management Plan ("LRPMP") that addresses the disposition and use of the real properties of the former RDA. This LRPMP is due within six months after receiving a Finding of Completion ("FOC') from DOF. The Successor Agency received its FOC from DOF on November 26, 2014. The Oversight Board adopted Resolution 2015-02 approving the LRPMP at a special meeting on May 18, 2015. Upon initial review of the resolution and LRPMP, DOF advised that Property #5, which is subject to an enforceable obligation, cannot be retained by the Successor Agency indefinitely to fulfill its enforceable obligation. DOF recommended that the Successor Agency transfer the property to the City for future development and enter into compensation agreements with the affected taxing entities. The revised LRPMP reflects this recommended change in the disposition of Property #5. This document is the LRPMP for the Successor Agency to the former Community Redevelopment Agency of the City of Santa Ana. Successor Agency to the former Community Red eve lop ment Agency of the City of Santa Ana—Long Range Property Management Plan 4-6