75E - PH - 2525 N. MAIN ST._ADJOURNED

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EIR No. 2018-01, DA No. 2018-01, GPA No. 2018-06, AA No. 2018-10 2525 North Main Street February 5, 2019 Page 9 7. Parking. Per the conditions of approval (Exhibit I to the Development Agreement) the applicant shall increase number of spaces or capacity to increase the onsite ratio of parking, including the use of valet parking, to an equivalent of two (2) spaces per unit. 8. Unit Mix. Per the conditions of approval (Exhibit I to the Development Agreement) the applicant shall increase the number of family units to a minimum of thirty percent (30%) of the proposed units to contain 2 & 3 bedrooms. The agreement also includes provisions for an overcrowding management plan, live work preference plan, local sourcing plan, construction management and property maintenance plans. The development agreement has been signed by the applicant indicating agreement to the terms. The agreement is not considered final until the City Council has reviewed and approved the agreement and the agreement is executed by all parties. General Plan Amendment To allow for the construction of a multi -family residential development on this parcel, a general plan amendment is required. Currently, the land use designation for this site is Professional and Administrative Office (PAO), which applies to areas that are predominately professional offices and/or administrative offices or areas where such development is encouraged. This project will require an amendment to the Land Use Element to amend the General Plan Land Use designation of the site to District Center (DC) with a density of 81 dwelling units per acre (reduced from 87 du/ac based on staff recommended changes incorporated into the Development Agreement) or a floor area ratio of 2.21 (Exhibit 4). The purpose for maintaining and supporting professional office areas are to increase employment opportunities for local residents, enhance the diversity of the City's economic base, to develop mutually beneficial and supportive business clusters in the City and to support uses that create little to no nuisances to nearby residents or businesses. Several properties to the north and west across Main Street are designated as PAO therefore work to create a professional business district. Areas such as this northern gateway of the City provide a rich employment base for many residents of the City and those in the region who work in the area. District Centers are major activity areas of the City. Currently, several areas to the northwest, northeast, south of the Santa Ana 1-5 freeway and along Main Street north of Seventeenth Street are designated as District Centers. District Centers are designed to serve as anchors to the City's commercial corridors and to accommodate higher density development projects. These areas are to be developed with an urban character that includes a mixture of high-rise offices, commercial and multi -family residential uses which provide shopping, business, cultural and housing opportunities within close proximity to each other, close to transportation opportunities and in prime development focus areas. Residential development within these areas are allowed at a density of up to 90 acres. If approved, the project could support several goals and policies of the Housing Element. First, the 75E-9