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as a catalyst for reinvestment, stimulate economic activity, <br />commerce, and new development opportunities in and around the <br />SBSFA. The Project would also have a positive contribution to the <br />local economy through new capital investment, the creation of jobs, <br />and the expansion of the tax base through the Project's long-term <br />investment and commitment to the City of Santa Ana. <br />• Policy LU-2.3 (Supportive Spaces) of the LU element encourages <br />providing a diversity of land uses that support residents, visitors, and <br />businesses, such as open space, areas for community gatherings, <br />and outdoor entertainment venues. One of the primary goals of the <br />Project is to foster a neighborly environment where residents can <br />live, work, and recreate in a vibrant village community. The Project <br />would encourage walkability, safety, shopping and dining and would <br />create community centric spaces for residents of all ages and <br />abilities. <br />• Policy LU-2.10 (Smart Growth) of the LU element emphasizes <br />focusing high density residential in mixed -use villages, designated <br />planning focus areas, downtown Santa Ana, and along major travel <br />corridors. The Project is located with the SBSFA, a planned focus <br />area. The Project would achieve the vision of the SBSFA of creating <br />high density housing within and along a mixed -use village that would <br />be the hub of activity, designed as a park -like setting that would <br />create an intimate and relaxing environment. <br />• Policy M-1.2 (Balanced Multimodal Network) of the Mobility Element <br />encourages providing a balanced and equitable multimodal <br />circulation network that reflects current and changing needs. The <br />Project would accommodate a variety of transportation within and <br />to/from the Project Site, including automobiles, walking, bikes, and <br />rideshare. The Project would include an internal pedestrian network <br />providing multiple access points along Bear Street, Sunflower <br />Avenue, and Plaza Drive. Additionally, the Project would include for <br />new bike lanes through and around the Project Site and bicycle <br />parking stations. <br />• Policy OS-1.9 (New Development) of the Open Space (OS) Element <br />requires all new development to provide adequate parks and open <br />space, including via parkland dedication or development fees, in <br />order to meet the City's Park standard. Ensure that new development <br />includes pedestrian and multi -modal travel ways to promote a quality <br />living environment. For new development within park deficient and <br />environmental justice areas, prioritize the creation and dedication of <br />new public parkland over the collection of impact fees. The Project <br />would provide approximately 7.5 acres of publicly accessible open <br />space, consisting of both active and passive open space that would <br />be open to the general public through an irrevocable public access <br />easement with the City and would remain in effect through the life of <br />Ordinance No. NS-XXX <br />Page 4 of 8 <br />