60A - DENSITY BONUS AFFORD RENT PROJ

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Density Bonus Agreement for 2110, 2114, and 2020 East First Street August 20, 2019 Page 2 PARKING MANAGEMENT PLAN The Parking Management Plan submitted by the Applicant continues to provide key enforcement and implementation tools for when the development becomes operational, including but not limited to 1) an off -site parking valet service for residents opting to include offsite parking space rentals as part of the lease agreement and a shuttle service to major transit and service hubs during peak demand periods (6-9 am and 3-6 pm) daily, and 2) an on -demand emergency transportation service provided during off-peak hours for residents to get to the offsite parking spaces. Critical to the enforceability of the program, among other enforceable obligations and as part of the agreement with the City, is if overflow of parking from the site is found to occur, the management of the apartment project will cease to lease vacant units or will pay for additional parking spaces off -site. The Parking Management Plan is attached as Exhibit 2. STRATEGIC PLAN ALIGNMENT Approval of this item supports the City's efforts to meet Goal # 3 - Economic Development, Objective #2 (create new opportunities for business/job growth and encourage private development through new General Plan and Zoning Ordinance policies), Objective # 5 (leverage private investment that results in tax base expansion and job creation citywide) and Goal # 5 - Community Health, Livability, Engagement & Sustainability, Objective # 3 (facilitate diverse housing opportunities and support efforts to preserve and improve the livability of Santa Ana neighborhoods). FISCAL IMPACT There is no fiscal impact associated with this action. Steven A. Mendoza Executive Director Community Development Agency Exhibits: 1. Density Bonus Agreement 2. Parking Management Plan MAWMFWIY Minh Thai Executive Director Planning and Building Agency 60A-2