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SUCCESSOR AGENCY RESOLUTION NO. 2017-001 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA APPROVING A PURCHASE AND SALE AGREEMENT BY AND BETWEEN THE SUCCESSOR AGENCY AND MARIANNE P. COVINGTON, RIDLEY J. POLITISKI AND MICHAEL P. POLITISKI, AS TRUSTEES OF THE MARITAL TRUST OF THE POLITISKI TRUST DATED DECEMBER 4, 2000 WHEREAS, the Community Redevelopment Agency of the City of Santa Ana (the "Redevelopment Agency") operated pursuant to Part 1 of Division 24 of the California Health and Safety Code as a redevelopment agency and, in connection with its activities, acquired certain property consisting of approximately 3,929 square feet designated as APN 005-142-21 at 830 N. Parton Street (the "Successor Agency Property"); and WHEREAS, by ABx1 26 enacted by the California Legislature during 2011 (the "2011 Dissolution Act"), the California Legislative eliminated every redevelopment agency within the State of California, including without limitation the Redevelopment Agency. Provisions relating to the dissolution of redevelopment agencies were elaborated upon by AB 1484, Chapter 26, Statutes of 2012 ("AB 1484" and, together with the 2011 Dissolution Act, the "Dissolution Provisions"); and WHEREAS, the Dissolution Provisions provide that a successor agency shall be designated for each redevelopment agency to implement the dissolution of each such redevelopment agency; the City of Santa Ana acting as the Successor Agency to the former Community Redevelopment Agency of the City of Santa Ana has been designated as the successor agency to the Redevelopment Agency (in such capacity, the "Successor Agency"); and WHEREAS, pursuant to the 2011 Dissolution Act, an oversight board ("Oversight Board") has been established to oversee the wind-up of the activities of the Redevelopment Agency; and WHEREAS, in implementation of the Dissolution Provisions, and particularly in connection with managing the disposition of properties formerly held by the Redevelopment Agency that were not acquired with moneys from the Redevelopment Agency's low- and moderate -income housing fund ("Non -Housing Properties"), the Successor Agency prepared and submitted to the Oversight Board a long range property management plan: such long range property management plan was approved by the Oversight Board and the California Department of Finance (the "LRPMP"). The LRPMP identifies the Successor Agency Property as property to be sold, with the net proceeds of sale to be applied as provided in the LRPMP; and Resolution 2017-001 Page 1 of 5