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<br /> <br /> <br /> <br /> All provided funding and project requirements shall conform to the City’s adopted <br />Affordable Housing Funds Policies and Procedures, unless alternative <br />requirements are expressly provided in the executed Loan Agreement or any other <br />documents related to the development of the Project. <br /> Approval of all required entitlements and discretionary actions, to allow the <br />construction of a 89-unit affordable housing complex to be located at 1108 N. Harbor <br />Boulevard, Santa Ana, CA 92703. <br /> <br /> The City's obligation to provide the Loan is and shall remain subject to all covenants, <br />conditions, and restrictions set forth in the Loan Agreement, and in particular City's <br />analysis of the available funding sources and development and operating costs of <br />the Project and the overall economic feasibility of the Project. <br /> <br /> Review and approval of the documents evidencing the City Loan by the City Council, <br />as applicable. <br /> <br /> Execution of HAP Contracts and all necessary documents for the PBV’s. <br /> <br /> Compliance with applicable federal regulations set forth in 24 Code of Federal <br />Regulations (CFR) Part 570 and 24 CFR Part 983. <br /> <br />Developer, at its sole cost and expense, will be responsible for securing any and all <br />permits and discretionary approvals that may be required for the Project by the City, <br />Housing Authority, or any other federal, state, or local governmental entity having or <br />claiming jurisdiction over the Property or Project. Notably, this pre-commitment letter <br />shall not obligate the City or any department thereof to approve any application or request <br />for or take any other action in connection with any planning approval, permit or other <br />action necessary for the construction, rehabilitation, installation or operation of the <br />Project. <br /> <br />This pre-commitment letter for the Project will expire on March 2, 2023. <br /> <br />If you have any questions or require any additional information regarding this award letter, <br />please contact Judson Brown, Housing Division Manager, by telephone at (714) 667- <br />2241 or by e-mail at jbrown@santa-ana.org. <br /> <br />Sincerely, <br /> <br /> <br />_____________________________ _____________________________ <br />Kristine Ridge Steven A. Mendoza <br />City Manager Executive Director <br />City of Santa Ana Housing Authority of the City of Santa Ana <br /> <br /> <br /> <br /> <br />EXHIBIT 3