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EXHIBIT B Statement of Overriding Considerations Pursuant to Public Resources Code Section 21081(b) and the CEQA Guidelines Section 15093, the City has balanced the benefits of the Project against the following unavoidable adverse impacts associated with the Project and has adopted all feasible mitigation measures with respect to these impacts. The City also has examined alternatives to the Project, most of which do not meet the Project objectives and are environmentally preferable to the Project for the reasons discussed in the Findings and Facts in Support of Findings. The City of Santa Ana, the Lead Agency for this Project, having reviewed the DEIR for the Project and reviewed all written materials within the City's public record and heard all oral testimony presented at public hearings, adopts this Statement of Overriding Considerations, which has balanced the benefits of the Project against its significant unavoidable adverse environmental impacts in reaching its decision to approve the Project. Overriding Considerations The City, after balancing the specific economic, legal, social, technological and other benefits, including region -wide or statewide environmental benefits of the Project, has determined that the unavoidable adverse environmental impacts identified above may be considered acceptable due to the following specific considerations which outweigh the unavoidable, adverse environmental impact of the Project, in accordance with Public Resources Code Section 2108l(b) and CEQA Guidelines Section 15093. Each of the benefits identified below provides a separate and independent basis for overriding the significant environmental effects of the Project. The specific economic, legal, social, technological and other benefits of the Project are as follows: 1. The Project would implement capital investment to enhance the City's economic and fiscal viability pursuant to the City of Santa Ana Strategic Plan. 2. The Project would implement the General Plan Scenic Corridors Element Major City Entry designation along N. Main Street at the Project site. 3. The Project would implement the General Plan Urban Design Element Main Street at I-5 Freeway Gateway designation. 4. The Project would provide consistency with the General Plan Scenic Corridors Element hiter- City Corridor designation along the Santiago Creek area at N. Main Street. 5. The Project would provide needed multi -family rental housing to improve the City's 3.2 percent vacancy rate and provide a variety of housing options for existing and future residents. 6. The Project would reduce the jobs -housing ratio, providing a beneficial effect of providing multi- family housing in a jobs -rich area so that employees can easily travel to employment opportunities. 7. The Project would result in a potential reduction of vehicle miles traveled and the related traffic congestion, air quality, and greenhouse gas emissions from the provision of housing near regional shopping areas and employment, and by improving the jobs -housing balance. Resolution No. Certification of the Magnolia at the Park EIR 75E-107 Page 69 of 71