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September 30th, 2024 <br />David Penaloza <br />DPenaloza(a)santa-ana.org <br />Delivered via email: <br />Dear Honorable City Council Member: David Penaloza <br />As a resident, community member and business executive, I am writing to express my <br />strong support for the approval of the Related Bristol project on October 11, 2024. This <br />initiative represents a significant economic opportunity that our city urgently needs, and <br />it is crucial that we prioritize the best interests of our residents. <br />This project has the potential to create 16,800 new jobs and generate $500 million <br />in tax revenue over the next 30 year, along with a substantial $544 million <br />community benefits package. <br />Nearly 100 local businesses at Metro Town Square shopping center need certainty <br />about their future and business location. With many leases expiring soon, we face the <br />very real risk of a vacant retail center, which would significantly impact sales tax <br />revenues for our city. Delaying this project is not an option. <br />I urge you to please prioritize the general good of our community and support this <br />project. I am in full support of the visionary Related Bristol mixed -use development <br />because of it promises unprecedented benefits for the City of Santa Ana for decades to <br />come. <br />Approval of this innovative and dynamic project will help fuel sustainable growth and <br />prosperity for Santa Ana. It will help contribute to the economic, social and cultural <br />expansion of one of the largest and most consequential cities in Orange County. <br />I kindly ask your support for Related Bristol now, for we risk losing this once -in -a - <br />generation opportunity. <br />'I. , , <br />"M <br />Paul Sanford <br />Psanford `ii 00 a@"�gmai@.c;om <br />(949)246.1299 <br />1 <br />M <br />