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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />AUGUST 15, 2017 <br />TITLE: <br />PUBLIC HEARING: APPROVE AN <br />AGREEMENT WITH MA MAY THET NAING <br />FOR THE EXCHANGE OF REAL PROPERTY <br />(1113-1125 SOUTH STANDARD AND 1416 <br />SOUTH BRISTOL) IN SANTA ANA <br />(STRATEGIC PLAN NO. 5, 4A) <br />CIT MANAGER <br />RECOMMENDED ACTION <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1" Reading <br />❑ Ordinance on 2"d Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager and Clerk of the Council to execute an Exchange of Real Property <br />Agreement with Ma May Thet Naing for property at 1113-1125 South Standard Street to develop <br />a park site, in exchange for City of Santa Ana property at 1416 South Bristol Street in Santa <br />Ana. <br />YOUTH. EDUCATION AND COMMUNITY SERVICES COMMITTEE <br />On July 24, 2017, the Youth, Education and Community Services Committee, was provided an <br />update of the proposed land exchange between Ma May Thet Naing and the City of Santa Ana, <br />for properties at 1113-1125 South Standard and 1416 South Bristol. Both parties have agreed to <br />the terms and results of the equal exchange. No action was taken by the committee. <br />DISCUSSION <br />On August 20, 2016, City Council approved an Exclusive Negotiation Agreement (ENA) with Ma <br />May Thet Naing for exchange of real property located at 1113-1125 South Standard Street for <br />City property at 1416 South Bristol Street. The purpose of the exchange is to develop a park in <br />the Standard/McFadden community. The ENA is for 180 calendar days with options for two 90 <br />day extensions to complete the negotiations. The ENA required both properties to be appraised <br />to confirm an equal value exchange and both parties to share equally any cost required to <br />complete the exchange. <br />The acres and appraisal cost difference are as follows: <br />PROPERTY ACRES APPRASIALAMOUNT <br />• 1416 S. Bristol 33,972 sq. ft. $1,414,000 <br />1113-1125 S. Standard 32,690 sq. ft. $1,405,000 <br />( 1,285 sq. ft.) $ 9,000) difference <br />75A-1 <br />