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MAYOR <br />Miguel A. Pulido <br />MAYOR PRO TEM <br />Juan Villages <br />COUNCILMEMBERS <br />Cecilia Iglesias <br />David Penaloza <br />Roman Reyna <br />Vicente Sarmiento <br />Jose Solorio <br />February 5, 2019 <br />CITY OF SANTA ANA <br />SANTA ANA HOUSING AUTHORITY <br />20 Civic Center Plaza • P.O. Box 22030 <br />Santa Ana, California 92702 <br />(714) 667-2200 <br />wwW.santa-ana.ora <br />Troy Hendrickson <br />Vice President of Construction <br />Habitat for Humanity of Orange County <br />2200 S. Ritchey Street <br />Santa Ana, CA 92705 <br />Re: Lacy Street Project <br />826 and 830 North Lacy, Santa Ana, CA 92701 <br />Pre -Commitment Letter for Lease Agreement <br />1ZWTitLI111111CGTiL.Tit.7N,A <br />EXHIBIT 1 <br />CITY MANAGER <br />Raul Godinez II <br />CITY ATTORNEY <br />Sonia R. Carvalho <br />CLERK OF THE COUNCIL <br />Maria D. Huizar <br />Habitat for Humanity of Orange County ("Developer') requested financial assistance in <br />connection with the proposed development of a two (2) unit affordable housing project to be <br />located at 826 and 830 North Lacy Street, Santa Ana, CA 92701 (APN: 398-041-22 and <br />398-041-18) ("Project"). <br />The City of Santa Ana ("City') and Housing Authority of the City of Santa Ana ("Housing <br />Authority') have reviewed the Developer's request for assistance, and at the joint City <br />Council / Housing Authority meeting on February 5, 2019, the City Council and Housing <br />Authority Board authorized and approved issuance of this pre -commitment letter evidencing <br />the preliminary award of ("Agency Assistance"): <br />A loan in the maximum amount of $231,494 in inclusionary housing in -lieu fee <br />payments made pursuant to the City's Housing Opportunity Ordinance (Article <br />XVIII.I of Chapter41 of the Santa Ana Municipal Code) (the "Inclusionary Housing <br />Fund") held by the City of Santa Ana for the Project ("City Loan'); and, <br />- A 99 -year ground lease for the property located at 826 and 830 North Lacy Street, <br />Santa Ana, CA 92701 (APN: 398-041-22 and 398-041-18, with a combined <br />appraised value of $578,000.00 as of October 25, 2018); to be used for <br />development of affordable housing at 826 and 830 North Lacy Street, Santa Ana, <br />CA 92701 ("Ground Lease"). <br />SANTA ANA CITY COUNCIL <br />Miguel A. Pulldo Juan Villages Vicante Sarrnienuo David Penalora Jose Solorio Roman Reyna Cecilia Iglesias <br />Mayor Mayor Pro Tem, Ward 5 Ward 7 Word 2 Ward 3 Ward 4 Ward 5 <br />nmulidoiMsanta-ann.om Ivilleaasnsanta-ana.cravsartnientaratsanta-one ora nal z an - n . IsolorloCAsenta-ona.orn rrevnarcdisanta-ana.orn c1nIesias0santa-zna.ora <br />