CORRESPONDENCE - 75E (GENERAL COMMENTS)

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COMMUNITY CONTRIBUTIONS Unparalleled benefits and support The Santa Ana community maintains a bond that is truly unparalleled in the region. We not only want The Addington to be a valuable addition to the community, but we want to ensure that it would contribute and provide benefits far into the future. This project will provide the City of Santa Ana with significant net fiscal benefits in recurring revenues and one-time fees. In its first year, the project will pay more than $16 million in permit fees, of this more than $5 million will go directly Highlights • $5m+ immediately to General Fund • $1.2m+ annually to General Fund Supports important City programs and services Page 7 of 9 to the City's general fund. The project's net annual fiscal benefit to the City of Santa Ana will be more than $1.2 million annually or more than $1.1 million than the existing office structure. These funds can be used to fund much needed City programs and services including youth programs, education, city improvements, and more. It should be noted that the development team recently paid all remaining impact fees for the final phase The Heritage for a total of $34,000,000. The project will remit more than $3.5 million in property taxes annually, of that $1.5 million will go to the Santa Ana Unified School District. However, the project anticipates multi -family residents having far fewer children, so the cost to school children from the project will be less than $5001< annually, resulting in a net benefit of more than $1 million to the school district. SECURITY AND SAFETY A long-term commitment to resident safety As residents of Santa Ana, we know how important the safety of our families and neighborhoods is. That's why we included a commitment to providing 24-hour roving patrols for the new residential community as well as the Park Santiago neighborhood and adjacent park. This commitment is memorialized for 55 years in the Development Agreement and upon request by the City of Santa Ana, the security patrols and actions will be reviewed annually to ensure successful operations. SANTIAGO PARK IMPROVEMENTS $1.4+ million towards park improvements To the north of The Addington is Santiago Park, which includes the Santiago Creek Bike Trail and the Santiago Creek. We have committed to providing over $1.4 million in funds for desperately needed improvements to this park, including safety enhancements, new monument signs, new and improved lighting, and landscaping. Additional Benefits to Park Santiago: Access to some on site amenities • Dedicated Amazon locker for Park Santiago residents • 150K contribution towards getting Park Santiago designated as a Historical District. Street light enhancements. 240 NEWPORT CENTER DR I VE SUITE #200 NEWPORT BEACH CA 92660