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EXHIBIT 2 <br />SPR No. 2017-08/DBA No. 2017-01 <br />September 11, 2017 <br />Page 8 <br />additional publicly -accessible open space could be constructed. The second Incentivelconcession,a <br />reduction in building setbacks, would be partially negated if the project did not take advantage of the <br />double-density. The project could meet the required 100 -foot rear -yard setback if fewer units were <br />proposed. The side -yard setback would continue .to be an issue as the required fire lane would force <br />the project to exceed the maximum setback allowed for side yards. Despite these concerns, recent <br />revisions to the State Density Bonus Law require local jurisdictions to grant any incentives/concessions <br />requested by the applicant in order to facilitate construction of the project while maximizing the <br />requested density bonuses. <br />Finally, staff analyzed additional considerations as required by the Density Bonus Law. There are no <br />historic resources in the immediate vicinity that would be impacted by the proposed development. The <br />project's design and operations, with the requested incentives/waivers, will not be detrimental to public <br />health or safety as the project was reviewed by the City's Development Review Committee, which <br />consists of representatives from Planning, Building Safety, Public Works, Housing, the City Attorney's <br />Office, and the Orange County Fire Authority (OCFA). <br />Should the Density Bonus Agreement application be approved, the agreement will be authorized by the <br />City Council after the Planning Commission considers the application for the project as a whole, <br />including the Site Plan Review application. <br />Additional Considerations <br />While reductions in required on-site parking for proje <br />traditionally considered an incentive or waiver, AB 7 <br />residential projects located within a half -mile distance i <br />provide as little as 0.5 parking spaces per unit. AMG <br />proposed project as two bus lines with frequent service <br />project site. <br />1s subject to the Density Bonus Law were <br />44, enacted in late 2015, allows affordable <br />f major transit lines or major transit stops to <br />K Associates is exercising this option for the- <br />intervals <br />heintervals are located in close proximity to the <br />In May 2017, the City received initial conceptual plans from the Orange County Transportation <br />Authority (OCTA) and the California Department of Transportation (Caltrans) indicating that the two <br />agencies are studying proposed improvements to the SR -5511-5 interchange that could impact the <br />project site. One improvement under study, an entrance ramp to 1-5 south from First Street, would cut <br />through the project site and would render the project impossible to build as proposed. The ramp is in <br />the early stages of review; no environmental analysis has been conducted and no funds have been <br />allocated for its construction. <br />1A8EXHIBIT 2 <br />6048 <br />