Laserfiche WebLink
EXHIBIT 4 <br />RESOLUTION NO. 2024-XX <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING DENISTY BONUS AGREEMENT <br />APPLICATION NO. 2024-01 AS CONDITIONED FOR A NEW <br />FOR -SALE RESIDENTIAL DEVELOPMENT WITH SIX UNITS <br />FOR THE PROPERTY LOCATED AT 1921 W. <br />WASHINGTON AVENUE (APN: 405-101-37). <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br />Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br />A. Habitat for Humanity of Orange County (Applicant & Property Owner) is <br />requesting approval of Density Bonus Agreement (DBA) Application No. <br />2024-01 to facilitate the construction of a for -sale residential development <br />(Project), consisting of six (6) units proposed as affordable to lower -income <br />households earning less than 80 percent of the area median income (AMI) <br />for the property located at 1921 W. Washington Avenue (Project Site). <br />B. Applicant requests approval of this DBA under California Government Code <br />§ 65915 (the "Density Bonus Law") because the Project will operate as a <br />common interest development and consists of 100% affordable for -sale <br />units to lower -income households. <br />C. Pursuant to Section 4100 of the California Civil Code, the Project meets the <br />definition of a Common Interest Development, which includes a <br />condominium project, as further defined in Section 4125 of the California <br />Civil Code. Therefore, the project qualifies as a Housing Development, as <br />defined in the California Government Code Section 65915 (i), and is eligible <br />for a density bonus. <br />D. As part of the overall process, the City and Applicant have entered into a <br />Conditional Grant Agreement, pursuant to which, City agreed to provide a <br />grant (the "Inclusionary Grant") in an amount up to Two Million Two Hundred <br />Thousand Dollars ($2,200,000) to the Applicant for a residential <br />homeownership project that involves construction of six (6) affordable <br />housing units restricted for sale to low income households. <br />E. As a condition of receiving the Inclusionary Grant, the Applicant agrees that <br />a Regulatory Agreement Imposing Affordable Housing Covenants and <br />Restrictions ("Density Bonus Agreement") shall be recorded against the <br />Project Site prior to disbursement of any portion of the Inclusionary Grant <br />Resolution No. 2024-XX <br />Page 1 of 12 <br />