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The Village Santa Ana Specific Plan Entitlements and Development Agreement (1561 W. <br />Sunflower Avenue) <br />September 16, 2025 <br />Page 20 <br />members ensured that community priorities were effectively communicated to the Ad Hoc <br />committee and informed the negotiation process. <br />DA No. 2025-01 contains an initial term (duration), extension process, community <br />benefits, indemnification, monitoring and reporting, inclusionary housing, open space, <br />infrastructure, modifications, and other relevant items, attached hereto for reference as <br />Exhibit 8. These terms have been crafted to ensure the Project is of high -quality with <br />positive financial impacts to the City. Table 6 provides a summary of major deal points in <br />DA No. 2025-01. <br />Table 6: DA Manor Deal Points <br />Deal Point <br />Ad Hoc Committee <br />Proposed by DA <br />Recommendation <br />Term (Duration) and <br />One 20-year term, and one five- <br />Applicant has agreed to this term and <br />Extension <br />year automatic extension. <br />proposed agreement was modified to <br />Extension subject to <br />capture this change. <br />construction commencement of <br />no less than 50,000 square feet <br />of commercial area and 360 <br />residential dwelling units. <br />Timing of <br />No building permits for <br />Applicant has agreed to this term and <br />Development <br />residential units shall be issued <br />proposed agreement was modified to <br />in excess of 360 residential units <br />capture this change. <br />until building permits are <br />obtained for at least 50,000 <br />square feet of commercial <br />space. <br />Community Benefit <br />Accept Community Benefit <br />Applicant has revised the proposed <br />Payments <br />Payment of $9,300,000 but <br />agreement to provide the Community <br />provide a larger upfront payment <br />Benefit Payment in four payments instead <br />and provide payments in less <br />of five and increased Payment No. 1 by <br />intervals. <br />$500,000. Payments will be provided as <br />follows: <br />• Payment No. 1 of $2,500,000 prior to <br />demolition permits being issued; <br />• Payment No. 2 of $3,600,000 prior to <br />permit issuance of Phase 2 <br />• Payment No. 3 of $1,300,000 prior to <br />permit issuance of Phase 3 <br />• Payment No. 4 of $1,900,000 prior to <br />permit issuance of Phase 4 <br />Open Space <br />Accept the construction of 7.5 <br />Applicant has agreed to these terms. <br />acres of publicly accessible <br />open space to satisfy the City's <br />The SEIR prepared for the Project <br />park provision and fee <br />identifies that the Project will result in a <br />requirements. The developer <br />demand for 11.4 acres of parkland, which <br />