Item 17 - Public Hearing - Purchase and Sale Agreement for 1901 W. Walnut Street

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EXHIBIT 6 PURCHASE AND SALE AGREEMENT THIS PURCHASE AND SALE AGREEMENT ("Agreement") is made and entered into this 17th day of February, 2026 ("Effective Date"), by and between THRIVE Santa Ana, INC., a California nonprofit public benefit corporation ("Buyer"), and the CITY OF SANTA ANA, a charter city and municipal corporation organized and existing under the Constitution and laws of the State of California ("Seller" or "City"). As used herein, Buyer and Seller may be referred to collectively as the "Parties," and each individually as a "Party." RECITALS A. Seller is the fee simple owner of that certain real property consisting of approximately 16,558 square feet (0.38 acre) property at 1901 West Walnut Street, Santa Ana, California, 92703 (APN 007-332-08) with improvements including a micro -farm, legally described in Exhibit "A" attached to this Agreement and incorporated into this Agreement in its entirety by this reference, (the "Property"). B. On October 17, 2025, Buyer exercised its option to purchase pursuant to a Ground Lease between the Parties dated December 15, 2022 (#A-2020-044-01) and submitted a Letter of Intent to Seller. C. On November 8, 2025, Seller published a notice, that was available for public comment, that it intended to declare the Property exempt surplus land, within the meaning of the California Surplus Land Act ("SLA"), pursuant to Government Code Section 54221(f)(1)(B). On December 19, 2025, the Department of Housing and Community Development ("HCD") issued a Surplus Land Act Findings Letter indicating the Property qualifies as "exempt surplus land" under Government Code Section 54221(f)(1)(B). D. The Seller has agreed to issue Buyer an economic development subsidy in the amount of $178,000 ("Economic Development Subsidy") as part of the sale of the Property to Buyer. On February 17, 2026, the City made available to the public a document titled "Economic Development Subsidy Report Pursuant to Government Code Section 53083 for the Sale of City Property to THRIVE Santa Ana, Inc" ("Subsidy Report"). The Subsidy Report contained all the information required per Government Code Section 53083(a). The Seller provided public notice and a hearing was held February 17, 2026 regarding the Economic Development Subsidy. E. Seller now desires to sell the Property to Buyer, and Buyer desires to purchase the Property from Seller in accordance with the provisions of this Agreement at fair market value which includes the Economic Development Subsidy. F. It is Buyer's intent to continue to operate the Property as a micro -farm ("Project") which includes the following current and projected Project Description and Project Benefits. 1. Project Description: Operation of a community micro -farm and related activities, including, but not limited to, production and distribution of fresh vegetables, flowers, other ornamentals, and fruit, also hosting weekly open-air markets and community activities that promote health. The site will include raised garden beds, a work area, produce pick-up counter,