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07 & 08 (169) Public Comment From:Loretta Day Sent:Tuesday, September 29, 2020 9:14 AM To:Public Comment Subject:FW: Sales of Property to Arte Moreno is Bogus and does not serve Anaheim Residents justice - Item #7, ccm 9/29 RE: Item #7, ccm 9/29 -----Original Message----- From: Trish Hachten < Sent: Tuesday, September 29, 2020 5:32 AM To: Loretta Day <LDay@anaheim.net> Subject: Sales of Property to Arte Moreno is Bogus and does not serve Anaheim Residents justice To the Mayor and City Council, As an Anaheim resident for over 22 years, I am shocked that the City of Anaheim is willing to give away land and our stadium/concert venue to a Billionaire! The latest proposal to sell the stadium property to Angels owner, Arte Moreno is a joke. What's next, city residents fund a new stadium for the guy! I heard that the property next door to the stadium parking lot recently sold for over $4 Million/acre, yet the city plans to sell the 153 acre stadium property to Moreno for $150 Million ( less than $1 Million/acre) and the deal includes the Stadium and the Grove Theatre for FREE! This is an outrageous give away of Anaheim taxpayer property, especially at a time when Covid-19 has caused an upside down budget for Anaheim. Proposed low budget housing units (what is low budget housing in OC, it will cost more to build than what can be recouped, no low income person can afford new buildings) will downgrade our city to the likes of Los Angeles, Chicago and Las Vegas, which will bring down our beloved city (if it truly is low income housing, which I doubt tremendously, Arte would not do that if he is smart and he is, that is why he is rich and manipulating). I DO NOT support the City selling the Stadium property with the current plan. VOTE NO, AND WORK ON A FAIR DEAL FOR THE ANAHEIM TAXPAYERS!!! YOU WILL BE VERY EMBARRASSED WHEN SRB/MORENO GET'S THESE ENTITLEMENTS APPROVED AND THEN SELLS THE PROPERTY FOR 100's OF MILLIONS OF DOLLARS IN PROFITS! THE TRANSACTION SHOULD AT LEAST HAVE A CLAUSE THAT ALLOWS THE CITY THE FIRST RIGHT TO PURCHASE AT THE BUYER'S ORIGINAL COST SHOULD THEY DECIDE TO SELL. WHY SHOULD SRB PROFIT AT THE EXPENSE OF ANAHEIM TAXPAYERS? As our leaders, I hope you will look closely at what this proposed agreement and plan DOES NOT OFFER....NAMELY, THE MARKET VALUE FOR THE PROPERTY ( $150 Million for 153 acres, how much do the taxpayers get for the Stadium and the Grove? $0...that's how much!). Your NO VOTE can take Anaheim and their residents to the next level, which you should be thinking about Anaheim's taxpayers. Please do the proper thing and VOTE NO. THIS IS NOT a great deal for the City of Anaheim. Trish Hachten Cory Hachten Lisa Kaliekau 1