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6. ANTICIPATED CASH FLOWS (Max. 15 Points) <br />Project's proposed development costs are reasonable and comparable <br />3 <br />Project's proposed rents are realistic <br />3 <br />Project's operating costs are realistic and reasonable <br />3 <br />Project has sufficient operating and replacement reserves <br />3 <br />Project is projecting a positive cash flow through affordability period <br />3 <br />Sub -total <br />15 <br />7. PROJECT LOCATION (Max. 5 Points) <br />Project is located in an area currently underserved by affordable housing <br />5 <br />/-\ Sub -total <br />5 <br />TOTAL ELIGIBLE POINTS <br />100 <br />The minimum score to be considered for a pre -loan commitmenfis 75 points out of 100 points total. <br />XV. PUBLIC RECORDS <br />Proposals will become public record after submission of the proposal. Interested offerors may submit a <br />written request to receive the results of the evaluation. City will,make best efforts to maintain Proposer <br />information identified as proprietary information confidential, to the extent allowed under the California Public <br />Records Act. Submit your request to;;'City of Santa Ana Community Development' Agency, Attn: Judson <br />Brown, Housing Division Manager, 20 Civic Center Plaza M -26, -Santa Ana, CA 92701. <br />XVI. FILING A PROTEST <br />In the event of a dispute of the- decision of the Review_ Panel,,proposetsmay file a "protest" with the City's <br />Community Development Agency. In, order for a Proposer's protest'to be considered valid, the protest must: <br />1. Be filed in writing within'five'(5) business days of notification of rejection; <br />2. Clearly identify -the specific • irregularity or allegation; <br />3. Clearly identify the specific City staff determination or recommendation being protested; <br />4. Specify, in,detail, the grounds of theprotest and the facts supporting the protest; and <br />5. Include all relevant, suppor4ing documentation witti the protest at time of filing. <br />If the protest does not comply with each of'these requirements, it will be rejected as invalid. If the protest is <br />valid, the City Manager, or his/her designee, shall review the basis of the protest and all relevant information. <br />The City Manager will provide a written decision to the protestor within fourteen (14) calendar days from <br />receipt of protest. The decision from the City Manager, or his/her designee, is final and no further appeals <br />will be considered. <br />City of Santa Ana Community Development Agency <br />Request for Proposals for Affordable Housing Development <br />Pa a 13 <br />19 -17 <br />