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Home My WebLink About090407 AA AA Real Prop-Escrow Inst 4809 W. Edinger-1029 McLean-W. McFaddenREQUEST FOR COUNCIL/ AGENCY ACTION MEETING DATE: SEPTEMBER 4, 2007 APPROPRIATION ADJUSTMENT - AGREEMENT FOR ACQUISITION OF REAL PROPERTY AND ESCROW INSTRUCTIONS FOR 4809 W. EDINGER, 1029 MCLEAN, and 4010, 4018, 4106, 4110 W. MCFADDEN CITY MANAGER 4EECUTIVE DI CTOR RECOMMENDED ACTION CITY COUNCIL COUNCIL CLERK OF ONLY: rrnohar : f}Iva(ez 7rfd; Pr�na,;�c�s APPROVED h:6 IR As Recommended (,guSfarmk F- ❑ As Amended zrlQr 1) ❑ Ordinance on 1st Reading ❑ Ordinance on 2nd Reading ❑ Implementing Resolution ❑ Set Public Hearing For CONTINUED TO FILE NUMBER 1. Approve an appropriation adjustment recognizing $2,175,000 in Sale of Land proceeds and prior year unanticipated revenues of $3,250,000 in the Low and Moderate Income Housing Fund. 2. Direct the City Attorney to prepare and authorize the City Manager and the Clerk of the Council to execute a purchase agreement and escrow instructions for the real property located at 4809 W. Edinger, 1029 McLean, and 4010, 4018, 4106, and 4110 W. McFadden. COMMUNITY REDEVELOPMENT AGENCY Authorize the Executive Director of the Community Redevelopment Agency to execute a purchase agreement and escrow instructions from the City of Santa Ana for the real property located at 4809 W. Edinger, 1029 McLean, and 4010, 4018, 4106, and 4110 W. McFadden for $2,175,000 plus normal closing costs and escrow fees. DISCUSSION During the course of its regular activities, the City of Santa Ana Public Works Agency has purchased a number of properties throughout the City. Some of these properties are no longer required by the Public Works Agency and are suitable for residential development. Under the 5 -7 AA - Acquisition Agreement and Escrow Instructions September 4, 2007 Page 2 proposed purchase agreement, the surplus City properties located at 4809 W. Edinger (Exhibit 1), 1029 McLean (Exhibit 2) and 4010, 4018, 4106, and 4110 W. McFadden (Exhibit 3) will be sold to the Community Redevelopment Agency. Pursuant to section 2 -709 of the Santa Ana Municipal Code, the standard provisions regarding the sale of surplus real property by the City do not apply to any sale of such property made to any city, county, state or federal government or any political subdivision of them. The properties are all currently vacant land and are being sold to the Agency for the appraised fair market value. The Agency had anticipated purchasing these properties and had included them in the recent Infill Development Request for Qualifications. Staff is currently negotiating a Disposition and Development Agreement for these and other properties. The long -term affordability of these new homes will be insured by forty -five year covenants requiring their continued occupancy by low- and moderate - income households. Development of these properties will assist the City and Agency to meet their affordable housing goals as identified in the Consolidated Plan, Redevelopment Implementation Plan and Housing Element. ENVIRONMENTAL, COMPLIANCE In accordance with the California Environmental Quality Act, this project is exempt from further review. Categorical Exemption ER No. 2007 -111 will be filed for this project. FISCAL IMPACT Upon approval of the appropriation adjustment, funds will be available in the Low and Moderate Income Housing Fund, Infill New Construction account (account no. 507 - 936 -6611, project no. 7141). Proceeds from the sale of the property to the Community Redevelopment Agency in the amount of $2,175,000 will be deposited in the Capital Outlay Fund revenue account (account no. 051 -01- 5721). APPROVED AS TO FUNDS AND ACCOUNTS: elly L dry -Bay e � rancisco Gutierrez f0 Housing anager Executive Director Community Development Agency Finance & Management Services Agency SGH /SLB /mfr H: \ACTION ITEMS \COUNCIL \2007 CC \JT CC -CRA AA- AgreeAcqui EdiingerMcleanMcFadden 9 -4 -07 (2).doc 5-8 EDINGER h^ w 1) w E FLOWER AV. 4 GS Z U5 Q JASON LANE ■ m �/ //. _ ..: t 51Side 9 nra Ana erry emirs AVENUE LU BLUEBELL AVENUE +IY U3 z Y O Z � — —_- J 4809 West Edinger Avenue Exhibit 1 5 -9 'Inv U`Y W w > CL It - _- O Z U5 Q JASON LANE ■ m �/ //. _ ..: t 51Side 9 nra Ana erry emirs AVENUE LU BLUEBELL AVENUE +IY U3 z Y O Z � — —_- J 4809 West Edinger Avenue Exhibit 1 5 -9 'Inv U`Y u- w w cc III KENT AVENUE Lu � � O O a, d CRYSTAL LN. O � CRYSTAL LANE d J A w is W J U J LL LEINHAROT AVENUE O ai 0 o I� q 1029 McLean Drive Exhibit 2 5 -10 MC FADDEN AVENUE HIGHLAND AVE, PLIGHT AVENUE e� A - 4010 & 4018 West McFadden Avenue B - 4106 West McFadden Avenue Q C - 4110 West McFadden Avenue Exhibit 3 5 -11