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25E - AGMT - DEFER PAYMENT 888 N. MAIN
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11/20/2018
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25E - AGMT - DEFER PAYMENT 888 N. MAIN
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Last modified
11/15/2018 9:18:09 PM
Creation date
11/15/2018 9:12:52 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
25E
Date
11/20/2018
Destruction Year
2023
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REQUEST FOR <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />NOVEMBER 20, 2018 <br />TITLE: <br />APPROVE AN AGREEMENT BETWEEN THE <br />CITY AND EASTCOM CORPORATION TO <br />DEFER THE PAYMENT OF THE <br />RESIDENTIAL DEVELOPMENT FEE <br />PURSUANT TO ARTICLE IV, SECTION 35-111 <br />OF THE SANTA ANA MUNICIPAL CODE FOR <br />THE PROPERTY LOCATED AT 888 N. MAIN <br />STREET <br />(STRATEGIC PLAN NOS. 5,3) <br />v <br />RECOMMENDED ACTION <br />*1111A K01 111111111.1-1 =to] N <br />-:• o <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1s' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Authorize the City Manager, City Attorney, and Clerk of the Council to execute an agreement with <br />Eastcom Corporation (the "Owner') to defer the payment of the Residential Development Fee <br />pursuant to Article IV, Section 35-111 of the Santa Ana Municipal Code (SAMC) subject to non - <br />substantive changes approved by the City Manager and City Attorney for the property located at <br />888 N. Main Street. <br />DISCUSSION <br />Owner Request and Project Background: The City received a request from the Owner of the <br />property located at 888 N. Main Street (the "Property') to defer the collection of the Residential <br />Development Fee (the "RDF") for the residential adaptive reuse project occurring on the Property. <br />The requested deferral is for the collection of the RDF by the City to occur prior to occupancy <br />permit issuance instead of at the time of building permit issuance as stipulated by ordinance. <br />The Owner stated reason for the request is due to a financial hardship as a result of seismic <br />retrofitting cost overrides and the various unanticipated project delays to date. Additionally, the <br />request will also enable the Owner to timely complete the adaptive reuse project and put the new <br />rental residential units into service. <br />The Owner, since 2016, has been working on an adaptive reuse project to convert the existing <br />outdated 10 -story office building on the Property to residential -commercial mixed use, with <br />live/work and commercial space on the ground floor and residential units on the upper floors (the <br />"Project"). The Project will also include a gym, common areas and storage spaces for residents, <br />and a roof deck with residential amenities. A total of 148 residential rental units are being <br />25E-1 <br />
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