75A - PH - RESO - SALE 2129 N MAIN ST

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ROH - 09/20/2016 RESOLUTION NO. 2016 -XXX A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA ANA AUTHORIZING DIRECT NEGOTIATIONS FOR THE SALE OF CITY -OWNED REAL PROPERTY AT 2129 NORTH MAIN STREET BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS FOLLOWS: Section 1. The City Council of the City of Santa Ana hereby finds, determines and declares as follows: A. In September 2015, the City of Santa Ana ( "City ") was approached by Net Development Co. ( "Developer') to construct a new hotel at 2129 North Main Street ( "Property "). B. The Property is an underutilized parcel owned by the City that is currently being used as a parking lot. However, the Property is not necessary for the City's use. C, The City finds that the development of a hotel on the Property will add a public benefit through the increase of Hotel Visitor Taxes (HVT). This increase will help fund local services such as infrastructure improvements, new public parks, environmental preservation, and increases in public safety for residents of the City. D. Santa Ana Municipal Code section 2 -706 establishes the procedures forthe sale of City -owned real property. Underthese procedures, following council authorization for sale, City -owned real property shall be sold by competitive bidding to the highest bidder subject to final authorization of the City Council. E. As permitted by Santa Ana Municipal Code section 2 -709, the sale of City - owned real property may be exempted from this manner of sale upon 2/3 vote of the City Council after a duly noticed public hearing, whereby the sale may instead be made upon a basis of direct negotiations without the necessity for public auction or competitive bidding, when the authority to so negotiate has been granted by the City Council. Resolution No. 2016 -xxx Page 1 of 3 75A -23