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REQUEST FORT <br />COUNCIL ACTION <br />CITY COUNCIL MEETING DATE: <br />OCTOBER 15, 2019 <br />TITLE: <br />APPROVE A DEVELOPMENT IMPACT <br />FEE DEFERRAL AGREEMENT WITH <br />SANTA ANA PACIFIC ASSOCIATES AND <br />SANTA ANA PACIFIC ASSOCIATES II TO <br />DEFER THE PAYMENT OF THE <br />DEVELOPMENTIMPACTFEES <br />(APPROXIMATELY $4,121,987) FOR THE <br />PROPERTY LOCATED AT 2110, 2114 <br />AND 2020 EAST FIRST STREET <br />{STRATEGIC PLAN NOS. 5,31 <br />/s/ Kristine Ridge <br />CITY MANAGER <br />:7x919lLTA ILTA IAki117A11e«IIs] kiI <br />CLERK OF COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 111 Reading <br />❑ Ordinance on 2ntl Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />Wis]►111►111101i[W <br />FILE NUMBER <br />Authorize the City Manager to execute a Development Impact Fee Deferral Agreement with Santa <br />Ana Pacific Associates and Santa Ana Pacific Associates II (the "Owner") to defer approximately <br />$4,121,987 of the development impact fees for the development of a 552-unit affordable rental <br />project at 2110, 2114 and 2020 East First Street, subject to non -substantive changes approved by <br />the City Manager and City Attorney. The calculation of the final fee amount to be deferred will be <br />determined at the time of issuance of the certificate of occupancy. <br />DISCUSSION <br />On August 1, 2019 the City received a request from the Owner of the property located at 2110, <br />2114 and 2020 East First Street (the "Property") to defer the collection of the development impact <br />fees for the development of a 552-unit affordable rental project (Exhibit 1). The project involves the <br />demolition of two commercial buildings and construction of an affordable rental family -oriented <br />mixed -use community with 10,000 square feet of leasable commercial space. A total of 552 <br />affordable rental units will be provided on the Property. The project will include 27 one -bedroom <br />units, 239 two -bedroom units, 146 three -bedroom units, and 140 four -bedroom units ranging in <br />size from 610 to 1,266 square feet. All units will contain full kitchens, bedrooms, bathrooms, in - <br />unit storage, and open/common (living) areas. The project is referred to as First Point I and II. <br />The request is for the City to defer the collection of the development impact fees until prior to <br />occupancy permit issuance instead of requiring payment of the fees at the time of building permit <br />issuance. The Owners are entitled by State law to deferred payment of fees intended for public <br />facilities or improve ments.The deferral of such development impact fees will "help facilitate the <br />25A-1 <br />