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2206002.SA Page 3 <br />19090.018.019 June 3, 2022 <br /> <br />1. The Project will include 86 apartment units which will be constructed in two four-story <br />residential buildings surrounding two interior, landscaped courtyard/amenity spaces. <br />2. The Project’s unit mix is as follows: <br />a. Sixteen (16) studio units; <br />b. Twenty-six (26) one-bedroom units; <br />c. Twenty-two (22) two-bedroom units; <br />d. Seventeen (17) three-bedroom units; and <br />e. Five (5) four-bedroom units. <br />3. A sound wall is being positioned along the eastern property line adjacent to the US <br />Interstate 5 ramp. <br />4. The Project’s affordability mix is summarized as follows: <br />a. Eighty-five (85) units will be rented to Extremely Low Income households <br />earning less than or equal to 30% of the Orange County median income (AMI); <br />and <br />b. One unit will be un-restricted and rented to an on-site manager. <br />5. Forty-three (43) units will be set-aside for Permanent Supportive Housing (PSH). <br />B. Agency Responsibilities <br />The Ground Lease requires the Agency to accept the following responsibilities: <br />1. Together with the County, the Agency will convey the Site to the Tenant in the form of a <br />long-term ground lease for the purposes of constructing and operating the Project. <br />2. The Ground Lease will have the following terms: <br />a. The Ground Lease will commence on the Effective Date subject to the <br />preconditions identified in Section 5.1.2; <br />b. The Ground Lease will have no longer than a 65-year term; and <br />c. The Ground Lease shall be executed by the Executive Director and/or other <br />Agency designee. <br />EXHIBIT 14