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6. JOINT SESSION - APPROVE A PRE -COMMITMENT OF $3,971,440 OF AFFORDABLE <br />HOUSING FUNDS AND AUTHORIZE NEGOTIATIONS OF A SIXTY-TWO YEAR <br />GROUND LEASE TO THE RELATED COMPANIES OF CALIFORNIA AND A <br />COMMUNITY OF FRIENDS FOR THE DEVELOPMENT OF THE CROSSROADS AT <br />WASHINGTON PROJECT {STRATEGIC PLAN NO. 5, 3C) <br />At its regular meeting on May 22, 2019 the Community Redevelopment and Housing <br />Commission recommended that the City Council and Housing Authority approve the <br />recommended actions by a vote of 8-0 (Garcia absent). <br />HOUSING AUTHORITY <br />MOTION: <br />1. Authorize the Executive Director of the Housing Authority and the Recording <br />Secretary to execute a pre -commitment letter with The Related Companies of <br />California ("Related") and A Community of Friends ("ACOF") as the service <br />provider to enter into negotiations for a sixty-two (62) year ground -lease of 1126 <br />E. Washington Ave for the development of the Crossroads at Washington <br />affordable housing project located at 1126 and 1146 E. Washington Avenue, <br />Santa Ana, CA 92701, (APNs 398-092-13 and 398-092-14), subject to non - <br />substantive changes approved by the Executive Director of the Housing <br />Authority and Authority General Counsel. <br />2. Authorize the Executive Director of the Housing Authority and the Recording <br />Secretary to enter into negotiations on a Tenants in Common agreement, or <br />similar document, and any other required actions necessary to draft that Tenants <br />in Common agreement with the County of Orange for the joint ownership and <br />development of the Crossroads at Washington affordable housing project <br />located at 1126 and 1146 E. Washington Avenue, Santa Ana, CA 92701 (APNs <br />398.092-13 and 398-092-14). <br />3. Authorize the Executive Director of the Housing Authority and the Recording <br />Secretary to enter into negotiations on a Joint Powers Agreement, or similar <br />document, and any other required actions necessary for the properties to be held <br />as Tenants in Common with the County of Orange for the joint ownership and <br />development of the Crossroads at Washington affordable housing project <br />located at 1126 and 1146 E. Washington Avenue, Santa Ana, CA 92701 (APNs <br />398-092-13 and 398-092-14). <br />HOUSING AUTHORITY AGENDA 4 JULY 2, 2019 <br />