80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT A

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~hap~~r F~r~dlt~gs Rear~frt~ ~ro~act A~ternat~ves Re~~b~iitatien ~f ~~tent~ai Neva A~uiitiens Aite~ntive ~n this alterr~at~~re, the Rcdc~re~opmen t~genc~r ~~Toud acquire properties ~~~iti~in the De~~eioper ~'roject ire order to co~~piete blocks ~~rilere the .~~genc~~ altead~~ has ate o~~~nership interest, as it ~~rould u~~der~ t~~e proposed De~reloper Pra~ect, ~o~~~e~~er, instead o~ de~~o~is~~in these struct~rfes, the ~ede~~eloprnent ~~genc~~ ~vould re~~abiiitate tine in puce, 'I'he Aetxc~~ hereb~r finds that specific economic, legal, sociai, tec~~nologicai or other coi~sideratio~s ~rrake tine adoption of t~~is aitc~•rxati~~e infeasible, ~`~~is aiternati~~e ~~~ouid pre~rent rede~Te~opment of ~enc~~- o~~~ned p~•o~~~~+~.e~, ~e~r pio~e~t obiec~re of the e~Teiope~ Plo~c~t, It ~~~o~~l~ also s~bst~r~tiall~T limit t~~e oppor+tu~~it~~ to pro~~ide ~~e~~~ a~fordabie housing for farr~ilics furtherance of t~~e Cit~~'s a~fordab~c housing oafs established in the ~ousir~g ~len~ent, tixe lnlple~nentatio~. Plan for the Santa .~~r~a ~~ierged ede~7elopment project ~~,~.~ca, and the it3r of Santa Ana ~onsol~dated Flan. Ft~rti~er• it ~~ould nat enhance the streetscape and urban form of t~~e area, paracu~ar•~}z along Santa ~-~r~a ~ouie~Tard, t~rith t~~c construction o~ ~]e~~T buildings that ~r~eet file standards co~~tained in the ~'~Farrsit ~or~in bode ar~d that support future transit pia~~t~i~~, for ~~rould ~t secufe pro~r~to~~ of public ope~~ space or ~'ac~ta~.o~~ of a io~nt use arrangen~ent ~~~ith ~~.UD for a ne~~~ corr7r~ur~it}r cente~•. Finall3T, it ~~rou~d ~~ot pro~ride an eco~xot~~icali~~ ~~iabie rede~~eioprr~ent scenario for the ~enc~r-O~~~iled properties. ~dditionall~t, it ~~rouid result in the e~i~~ir~ation of an oppor~t~~r~it~r to pro~tide ~ualit~~ housing. ~~s a result, if den~olitior~ of the properties that ~r~a~T be acquired the ~~.gct~c~~ ~4~ere precluded, the Rede~relop~~~c~~t ~genc~r ~~~ou~d not pursue their acquisition, and the benefits of the Dc~~eloper r'roject, ir~cludir~ the creatio~i of ne~~r public opc~x space, the eli~i~7atior~ of blight, axed ate et~l~ancement of the streetseape, ~~rouid iYOt be realised, ~l~~~tl~n~ ~I~~IC~ ~~ndn Related to ~i~rifi~~~i~r~ and EJpdate~ to the ~rft I~ ~lapter 3 of the Final SIR includes the cox~i~ei~ts recei~Ted on the daft and responses to t~~ose cofn~ents. The focus o~ the respoxases to comments is on tie disposition of sigt~if~cant e~~~ri~•ontrrentai issues as raised in th.e con~z~ents, as specified b~~ C~;~ uideiines ~ 5~~8}, .t~.dditionall~T, a ~ res~~lt of refinerr~et~ts to file proposed De~~eloper l~ro~ect s~~~ce publication of tine Dral`t SIR, tine allocation of rer~tai of units and foi• sale u~lits that ~~tould be constructed u~~der the proposed De~~eloper Project a.~~d ~rnder t~ltelina~~Tes 4, ~ and ~ leas been slihd~i rx~odified. ~'he Febriuai~~ 23, 20~o flriar~cial ar~al~?is prepared bar e}rser ~~la~•stori t~ssociates that ~~Tas included as ~~.ppendix ~ to the FfIR leas been updated to reflect these inodiflcations. r~'he updated flnar~cial anai~7sis, dated ~I~~a~z 0~0, i included as ~ppendi~ j to the Final EAR. ~~1?C~ll?~5 Respoi~scs to consents n~ade ors the Draft 1R and re~rision.s to the Final SIR. i~erel~~ clarifp and ampiif~T the anal~~sis presented in the ~1R ai7d do not tugger the need to recirculate per guide- lines 15088.5~b~. in~l.arl~T, ti7e refined reallocatio~~ of rental and for sale residential u~iits that ~~rould be pro~Tided bar the De~~eloper Proleet and the updates to file e~~ser ~r~arston t~ssociates finazaciai anal3zsis Transit 2onin~ fade 5~4~ EII~ i=indins of Fa~t/~tat~ent of Overriding onside~a~lons 3w~~ r Y