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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 Solodo <br />March 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.org <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 />EXHIBIT 1 <br />ACTING CITY MANAGER <br />Steven A. Mendoza <br />CITY ATTORNEY <br />Sonia R. Carvalho <br />ACTING CLERK OF THE COUNCIL <br />Norma Mitre -Ramirez <br />Re: Lacy Street Project <br />416 Vance Street (APN 398-041-22) and 826 N. Lacy Street (APN 398-041-22), <br />Santa Ana, CA 92701 <br />Pre -Commitment Letter for Lease Agreement <br />Dear Mr. Hendrickson: <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 416 Vance Street (APN 398-041-22) and 826 N. Lacy Street (APN 398-041-22) <br />("Project"). <br />The City of Santa Ana ("Citi') 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 March 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 416 Vance Street (APN 398- <br />041-22) and 826 N. Lacy Street (APN 398-041-22), Santa Ana, CA 92701, with <br />a combined appraised value of $578,000.00 as of October 25, 2018; to be used <br />SANTA ANA CITY COUNCIL <br />Miguel A Puldo <br />Juan Villegas Vicente saomenlovi Pen a Jose solono Roman Reyna Cecilia Iglesias <br />Mayor <br />Mayor Pro Tem, Ward 5 Wad 1 Ward 3 Ward 4 Wad 6 <br />moulido(dsantaana.oro <br />ivilleaas(]o aantaana.om vsarmienloRsante-ana.oro n na.o Isolonora)sanla-ana.ora rrevnarolsanla-ana.oro ciclesias(al nla-ana.om <br />