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EXHIBIT 1 <br />Acquisition Price/Purchase Price: Original records are not available to determine the <br />acquisition or purchase price, therefore, this information is <br />unknown. The book value of the property is zero. <br />Lot Size: <br />Current Zoning: <br />Property Type: <br />Estimated Current Value: <br />Appraisal Completed: <br />Estimated Revenues: <br />Recommended Action: <br />• Purpose of Acquisition <br />1,424 sq. ft. <br />Professional <br />Vacant Lot <br />$39,874 (Assessed Value) <br />No <br />N/A <br />Sell Property for Benefit of Taxing Agencies <br />This property was acquired to provide opportunities for new office and commercial <br />development in the Central City Redevelopment Project Area. <br />• Brief History of Previous Development Proposals and Activity <br />This property has remained a vacant lot for many years. <br />• Description of Contractual Requirements for Disposition of Revenues Generated by <br />Property <br />N/A <br />• History of Environmental Contamination of Remediation Efforts <br />N/A <br />• Potential for Transit -Oriented Development <br />N/A <br />• Plan for Use/Disposition <br />Upon approval of the LRPMP, the Successor Agency intends to obtain an appraisal and <br />engage a realtor to market and sell this property within one year of DOF's approval of the <br />LRPMP. This property may be combined and marketed with the two 842 N. Garnsey <br />Street and 921 N. Flower Street parcels. Proceeds from the sale will be submitted to the <br />County for distribution to the taxing entities. <br />• Advancement to the Successor Agency's Planning Objectives <br />N/A <br />Successor Agency to the former Community Redevelopmen t enhe City of Santa Ana— Long Range Property Management Plan <br />