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RESOLUTION NO, 2024-067 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING A THIRD ONE-YEAR <br />EXTENSION OF SITE PLAN REVIEW NO. 2016-03, <br />VARIANCE NO. 2017-05, AND VARIANCE NO. 2017-06 <br />FOR THE MADISON MIXED -USE DEVELOPMENT TO BE <br />LOCATED AT 200 NORTH CABRILLO PARK DRIVE <br />BE 1T 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 and <br />declares as follows: <br />A. On June 5, 2018, the City Council approved Appeal No. 2017-05, thereby <br />reversing the Planning Commission's decision to deny Site Plan Review No. 2016- <br />03, Variance No. 2017-05, and Variance No. 2017-06 to allow the development of a <br />seven -story, 260-unit mixed -use development at 200 North Cabrillo Park Drive. <br />B. Pursuant to Section 41-647 of the City of Santa Ana Municipal Code, where <br />construction does not commence, these types of entitlements expire after two (2) <br />years unless the applicant applies for, and the City Council approves, an <br />extension. Up to three extensions may be granted. <br />C. Prior to the expiration of the subject entitlements, a state of local emergency <br />was declared stemming from the COVID-19 pandemic. Successive executive <br />orders extended the expiration date of the project's entitlements from June 5, 2020, <br />to December 31, 2022. <br />D. The City Council approved the applicant's first request for a one-year <br />entitlement extension on December 6, 2022, extending the subject project's <br />entitlements until December 31, 2023, <br />E. On November 21, 2023, the City Council granted a second one-year <br />extension, extending it to December 31, 2024. <br />F. Due to challenges in securing financing amid difficult market conditions, rising <br />interest rates, and a slowdown in the investment market, the applicant was unable <br />to obtain permits and begin construction. This has resulted in additional delays, as <br />the project now requires updates to comply with the 2022 building code. Therefore, <br />the applicant is requesting a third and final entitlement extension. <br />Resolution No. 2024-067 <br />Page 1 of 3 <br />