Community development.

Existing law authorizes a city, county, or city and county, with the approval of its legislative body by resolution containing specified findings, after a public hearing, to acquire, sell, or lease property in furtherance of the creation of an economic opportunity, as defined. Existing law requires notice of the hearing to be published in a specified manner and requires the city, county, or city and county to make available a report containing a copy of the proposed acquisition, sale, or lease and a summary that includes, among other things, an explanation of why the acquisition, sale, or lease will assist in the creation of economic opportunity. Existing law provides that these provisions are an alternative to any other authority granted by law to cities to dispose of city-owned property. This bill would authorize the City of Santa Clara to sell or lease property located at 500 Benton Street under the provisions specified above. This bill would provide that these provisions are an alternative to any other authority granted by law to cities, counties, or cities and counties to dispose of property. The bill would authorize the City of Santa Clara, when disposing of the specified property, to utilize these provisions in lieu of other requirements under law for disposing of city-owned property, but would require the city to comply with certain statutory provisions relating to environmental quality prior to selling or leasing the specified property, as applicable. This bill would make legislative findings and declarations as to the necessity of a special statute for the City of Santa Clara.