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CITY COUNCIL 10 03/07/2023 <br />Recommended Action: <br />1.Approve an appropriation adjustment recognizing $297,100 in FY 2022­23 Highway <br />Safety Improvement Program, State Grant­Direct funds into the Public Services Street <br />Safety Projects, Improvements Other Than Building expenditure account. (Requires <br />five affirmative votes) <br />2.Award a construction contract to Elecnor Belco Electric, Inc., the lowest responsible <br />bidder, in accordance with the base bid in the amount of $493,244.76, for construction <br />of the Bristol Street and Santa Clara Avenue Traffic Signal Installation Project, for the <br />term beginning March 7, 2023, and ending upon project completion, subject to <br />non­substantive changes approved by the City Manager and City Attorney. <br />3.Approve the Project Cost Analysis for a total estimated construction delivery cost of <br />$616,555.95, which includes $493,244.76 for the construction contract; $73,986.71 <br />for contract administration, inspection and testing; and a $49,324.48 project <br />contingency for unanticipated or unforeseen work. <br />4.Approve an amendment to the FY 2022­23 Capital Improvement Program to include <br />$297,100 in construction funding from Highway Safety Improvement Program grant <br />funds and $320,000 in construction funding from General Funds approved in FY 22­23 <br />proposed budget for the Bristol Street and Santa Clara Avenue Traffic Signal <br />Modification. <br />13.Approve a Loan Agreement with North Broadway Housing Partners LP (C/O <br />Jamboree Housing Corporation and WISEPlace) for a total of $5,256,327 for the <br />Development of the WISEPlace Permanent Supportive Housing Project Located at <br />1411 N Broadway; Approve a Subordination Agreement with Bank of America as <br />the Senior Lender; Approve Two (2) Subordination Agreements with the County of <br />Orange and the Orange County Housing Finance Trust, Respectively, as Junior <br />Lenders (Non­General Fund) <br />Department(s): Community Development Agency <br />Recommended Action: <br />1. Authorize the City Manager to execute a Loan Agreement with North Broadway <br />Housing Partners LP (c/o Jamboree Housing Corporation and WISEPlace) for <br />$5,256,327 in HOME Investment Partnerships Program ­ American Rescue <br />Plan (“HOME­ARP”) funds for the development of the WISEPlace Permanent <br />Supportive Housing project located at 1411 N. Broadway, Santa Ana, CA <br />92701, APN 398­523­04 (“Site”) subject to non­substantive changes approved <br />by the City Manager and City Attorney (Agreement No. A­2023­027). <br />2. Authorize the City Manager to execute a Subordination Agreement with Bank of <br />America to subordinate the City’s Loan Agreement to a senior loan, subject to <br />non­ substantive changes approved by the City Manager and City Attorney   <br />  <br />City Council 8 – 51 11/7/2023