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Pre -Commitment of Affordable Housing Funds and a Ground Lease to Related Companies July 2, 2019 Page 5 of Supervisors and the award recommendation for the Housing Authority's parcel is also contingent upon final approval by the City Council / Housing Authority. The Review Panel recommended that the County follow a transparent, deliberative selection and review process to include, at a minimum, conducting in -person interviews with all three developers by their selection team. In January and February 2019, the County followed a transparent deliberative process and conducted in -person interviews with the three developers. On March 7, 2019, the County, met with the City and provided their recommendation for the developer of the combined site. The County advised the City that the three developers had submitted revised proposals to the County than what they had originally provided to the City's Review Panel. Therefore, following the recommendation by the County, the City's Review Panel requested the revised proposals from the three developers that had been submitted to the County. The revised proposals were provided to the City on March 21, 2019. The City's real estate advisor, Keyser Marston Associates (KMA), completed a preliminary review of the three revised proposals for the City. Following KMA's analysis, the City's Review Panel met again on April 10, 2019 and recommended the Related Companies of California with A Community of Friends as the developer of the combined City and County -owned parcels at 1126 and 1146 E. Washington Avenue (APNs 398-092-13 and 398-092-14). The City and County met again on April 17, 2019 to finalize the recommendation for joint development of the site, pending review and approval by the County of Orange Board of Supervisors. Based on the scores above and the deliberative selection and review process followed by the City and County, the Review Panel recommends the following award for this project: Developer: The Related Companies of California and A Community of Friends Project Name: 1126 and 1146 E. Washington Ave — the "Crossroads at Washington" Award Recommendation: Sixty -Two (62) Year Ground Lease Agreement for 1126 and 1146 E. Washington Site (APNs 398-092-13 and $3,080,000 398-092-14) - Appraised Value of APN # 398-092-14 Owned by Housing Authority as of Oct 25, 2018 HOME Investment Partnerships Program $3,007,489 HOME funds Neighborhood Stabilization Program $963,951 NSP funds Total Financial Award $7,051,440 Foerlliw,