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SANTA ANNA FIRST STREET, LLC
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Last modified
6/21/2019 1:44:32 PM
Creation date
6/21/2019 10:31:37 AM
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Contracts
Company Name
SANTA ANNA FIRST STREET, LLC
Contract #
A-2015-306
Agency
Community Development
Council Approval Date
10/6/2015
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OPTIONS TO SATISFY INCLUSIONARY <br />Select the applicable option to Indicate how the pmjed will comply with the Incluslonary housing <br />requirement: <br />Option # 1. On -Site Construction of Incluslonary Units (15% Low -Income) <br />Option # 2. On -Site Construction of Incluslonary Units (10ah Very Low Income) <br />Option # 3. Off -Me Construction of New Incluslonary Units <br />Option # 4. Off -Site Rehabilitation of Incluslonary Units Within a Designated <br />Target Areal <br />Option # S. Off -She Rehabilitation of Induslonary Units Outside a <br />Designated Target Area' <br />Option # S. x In -Lieu Fee Payment for Entire Obligation <br />Option # 7. In -Lieu Fee Payment for Fractional Unit <br />Fee Schedule for In -Lieu Fee Payment <br />Total Number of Residential Units <br />Fee Per Sousse Footage of Habitable Space <br />5 units to 20 units <br />$5.001 SF <br />More than 20 units <br />$16.001 SF <br />Pipeline Proects <br />$9.351 SF <br />Estimated In Llau Fee Calculation: <br />SIZO22 SF (Total Habitable Space) X $ 15 Fee1SF = $ 7.680,330 Total In -Lieu Fee <br />'See Exhibit A for more detailed Information. <br />Location of the Incluslonary Units Standards: <br />The Housing Opportunity Ordinance provides the following standards for the Incluslonary Units <br />location within the Project in relationship to non-Incluslonary Units. All Incluslonary Units shall <br />be: <br />(1) Reasonably dispersed throughout the Residential Project; <br />(2) Proportional, In number of bedrooms, gross floor area of habitable space, and location to <br />the market rate units; <br />(3) Comparable to the market rate units included in the Residential Project In terms of <br />design, materials, finished quality and appearance; and <br />(4) Permitted the same access to project amenities and recreational facilities, as are market <br />rate units. <br />a The Dewatopermay sella y the Induslonary unit roqulrements for the Pfgad.In whole or In part by aubstantMOy rehabilitating <br />adstin®hcuafne onus wtfhM the D lip datl Tmpet Areas d a refs d 9 habitable square Poofl per each required habhehla square <br />;od oP effadeDM Induslonary uNM. <br />The Oawatopar may aausy the <br />Induslonary Unit requirement for the Project, M whole or In pad by substantially rehabliltatine <br />e>ddln8 houelr,g uNM 56" hethe nadgnated 7ergel Areas within me borders of the City of Santa Ana at a rate d 1 X heb6abta <br />puare fed per each requred haDI I aquam fed of Indudarsry UnIM <br />4 IPOse calaMlton of the namher of required Indudanmy fmuebsa units resells In o fredlon, the developer has the option to <br />faJ provide an additional Indusonary heusln®unit or"pay an In u Fes squid b the percentage represented by the tractional <br />ttsdustonary hewlne un6 multiidMd by the applicable In -Lieu Fee, <br />a A ptpetiee pmjed M a pmjed epplicatlan that was submOled and deemed complete prior to August 4, 2016. <br />Page 2 of 4 <br />PxPlanNrt9lCladral•CAunMt FameWODePPIUation <br />14l96 <br />
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