Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.

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DEVELOPMENT IMPACT FEE DEFERRAL AGREEMENT 1. PARTIES AND EFFECTIVE DATE. This Development Impact Fee Deferral Agreement (“Agreement”) is entered into on this 21st day of June, 2022, by and between the City of Santa Ana, a charter city and municipal corporation of the State of California (“City”), and Washington Santa Ana Housing Partners, L.P., a California limited partnership (“Owner”). City and Owner are sometimes individually referred to herein as “Party” and collectively as “Parties.” 2. RECITALS. 2.1 Owner is the owner of a leasehold interest in that certain real property in the City of Santa Ana, California, that includes land owned by both the Housing Authority of the City of Santa Ana, a public body, corporate and politic, and the County of Orange, and more particularly described in Exhibit “A” attached hereto and incorporated herein by this reference and as evidenced by that certain Memoranda of Lease between _____, which was recorded in the Official Records of Orange County, California on _____, as Document No. ____ (“Property”). The Housing Authority and the County of Orange have executed a Joint Powers Agreement to provide a combined site for the project that includes both the Housing Authority property and the County of Orange property, which will be combined and owned as tenants in common. Owner is the developer of the affordable rental residential community at 1126, 1136, & 1146 East Washington Avenue, Santa Ana, CA 92701, (APNs 398-092-14 and 398-092-13) consisting of 85 new affordable units and 1 manager’s unit, with 42 two, three- and four-bedroom units for large families, and 43 studio, one- and two-bedroom affordable units for persons experiencing homelessness. 100% of the units will be for extremely low-income households at 30% Area Median Income. Owner has received City approval and is in the process of obtaining the building permits; 2.2 Prior to issuance of any building permits, the City currently requires the payment of various development impact fees for all residential projects to help address the impacts of new development; 2.3 On May 11, 2022, Owner submitted a written request formally requesting the deferral of specific development impact fees for the Property pursuant to California Government Code section 66007; and, 2.4 City and Owner desire to execute this Agreement to defer certain development impact fees applicable to the Property and place a lien on the Property to secure payment of these fees, pursuant to the terms and conditions set forth herein. 3. TERMS. 3.1 Deferral of Development Impact Fees. EXHIBIT 9