Item 19 - Cabrillo Crossing Density Bonus Agreement, 1814 & 1818 E. First Street

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Cabrillo Crossing Density Bonus Agreement, 1814 & 1818 East First Street August 16, 2022 Page 6 East Mixed Use overlay district to provide onsite affordable units at the rate of ten percent (10%) of the entire unit count. As the community consists of 35 units, 3.5 units onsite would need to be built and sold to moderate -income households. The developer is proposing to satisfy the AHOCO by providing four (4) onsite units for sale to moderate -income households. These units will be dispersed throughout the community and will each contain three bedrooms and will range in size from 1,513 to 1,848 square feet in size. The developer's Inclusionary Housing Plan has been reviewed and approved by the City's Housing Division. Key Items in the Density Bonus Agreement The following is a list of key items agreed upon in the Density Bonus Agreement: • Affordable Units. The Project shall have four (4) onsite units for sale to moderate - income households. These units will be dispersed throughout the community and will each contain three bedrooms and will range in size from 1,513 to 1,848 square feet in size. The affordable units shall be restricted to use and occupancy by eligible households for a total period of no less than fifty-five (55) years including: o The affordable units in the Project shall at all times during the term of the Agreement be for sale to moderate -income purchasers at 120% of Area Median Income (AMI). • Marketing and Purchaser Selection Plan. Developer shall prepare and obtain City's approval a marketing program and purchaser selection plan for the sale of the affordable units at the project prior to occupancy. • Selection of Purchasers. The Developer shall give preference in for sale units to households that live and/or work in the City of Santa Ana. Implementation of the preference will be monitored by staff in the Community Development Agency. • Onsite Parking Management Plan. Developer has agreed to provide a parking management plan. The Density Bonus Agreement has been signed by the Developer to acknowledge their acceptance of the terms. The Agreement is not considered final until the City Council has reviewed and approved the Agreement and the Agreement is executed by all parties. Public Notification and Community Outreach As part of the Planning Commission action, project notifications were posted, published, and mailed in accordance with City and State regulations. In addition, staff contacted the provided contacts for the Lyon Street Neighborhood Association to ensure they were aware of the project and public hearing. In addition, the applicant held a community meeting in conformance to Sunshine Ordinance notification requirements in place at the time the application was submitted on November 30, 2021 at 6:00 p.m. to discuss the project with community members and surrounding property owners. Participants asked questions about the project timing and construction impacts, but no significant issues