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ATTACHMENT NO. 4 SCOPE OF DEVELOPMENT The Property to be acquired and developed by Redeveloper pursuant to this Agreement is approximately 14 acres in total area. The Property is generally bounded by Third Street on the north, Flower Street on the west, First Street on the south, and Ross Street on the east. The Redeveloper shall construct on the Property a high density residential development of high quality and an attractive living environment including 199 units of senior-citizen, rent-subsidized housing on the Phase I Parcel and approximately 316 housing units for rent at market rates or a combination of market rates and sub- sidized rates on the Phase II Parcel. The develOpment shall include landscaped plazas and open space with leisure and recreational facilities and off-street parking facilities. The Property is comprised of the Phase I Parcel and the Phase II Parcel. The first parcel to be conveyed by the Agency to the Redeveloper is designated on the Property Map as Phase I Parcel and includes those portions of Van Ness Avenue and Second Street to be vacated by the City of Santa Ana and all alleys situated therein. At the election of the Redeveloper, the Phase II Parcel may be divided into two or~ three subparcels to'permit incremental development on the Phase II Parcel. If the Redeveloper elects to divide such Phase II Parcel following conveyance of the Phase I Parcel,~ the Redeveloper shall notify the Agency, in writing, with- in 30 days after the date of conveyance of the Phase I Parcel. In the event of such election, the size and configuration of the proposed subparcels shall be subject to prior Agency approval, which approval or disapprovaI shall be based, in part, on whether or not the configuration of the firs~ subparcel to be con~eyed results in a configuration of the remaining subparcel(s) which is feasible for development in the event of default by the .Redeveloper. In the event the Redeveloper elects to divide the Phase II Parcel into two subparcels the First Subparcel shall include not less than 218,281 square feet of contiguous area with frontage on at least two boundary streets and the development on such First Sub Parcel shall be developed with at least 145 dwelling units. In the event the developer elects to divide the Phase II Parcel into three subparcels the First Sub Parcel shall include not less than 145,520 square feet of contiguous area and be developed with at least 100 dwelling units and the Second Sub Parcel shall include not less than 145,520 square feet of contiguous area and be developed with at least 100 dwelling units. Upon written-request of the Redeveloper, the minimum require- ments for square footages to be acquired and developed and for units to be developed for the First and Second Sub Parcels may be adjusted at the discretion of the Executive Director of the Agency. MAR 18 i 77