HomeMy WebLinkAbout80A - JT EDINGER, MCCLEAN MCFADDEN ACQUISITIONREQUEST FOR COUNCIL/
AGENCY ACTION
MEETING DATE:
SEPTEMBER 4, 2007
TITLE:
APPROPRIATION ADJUSTMENT - AGREEMENT FOR
ACQUISITION OF REAL PROPERTY AND ESCROW
INSTRUCTIONS FOR 4809 W. EDINGER, 1029
MCLEAN, and 4010, 4018, 4106, 4110 W.
MCFADDEN
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CITY MANAGER E CUTIVE ECTOR
RECOMMENDED ACTION
CITY COUNCIL
CLERK OF COUNCIL USE ONLY:
APPROVED
^ As Recommended
^ As Amended
^ 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
80A-1
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:
~ ~Aihr/1iGt ^ (~~
Shelly ndry-Ba e Francisco Gutierrez ~,J
Housing Manager ~~Executive Director
Community Development Agency Finance & Management Services Agency
SGH/SLB/mlr
H:\ACTION ITEMS\COUNCIL\2007 CC\JT CC-CRA AA-AgreeACqui EdingerMCleanMCFadden 9-4-07 (2).doc
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1029 McLean Drive
Exhibit 2
80A-4
HIGHLAND AYE.
FLIGHT AVENUE
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Q A - 4010 & 4018 West McFadden Avenue
B - 4106 West McFadden Avenue
Q C - 4110 West McFadden Avenue
Exhibit 3
80A-5
MC FADDEN AVENUE
80A-