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Mitre -Ramirez, Norma <br />From: Dale Helvig <helvig_denny@msn.com> <br />Sent: Monday, November 11, 2019 11:41 AM <br />To: eComment, City Council; Pulido, Miguel; Sarmiento, Vicente; Penaloza, David; Solorio, <br />Jose; Villegas, Juan; Iglesias, Cecilia <br />Cc: Ridge, Kristine; Thai, Minh; Fregoso, Vince; Kelaher, Selena; Mark Earthlink <br />McLoughlin; Alberta AOL Christy, Phillip Gmail Schaefer, 'Mike O'Valle' <br />Subject: 2019-11-11 Letter to City Council - 11/19/2019 Meeting <br />Attachments: 2019-11-11 Letter to City Council.pdf <br />Categories: <br />DONE <br />Dale Helvig <br />2536 N. Valencia St. Santa Ana CA 92706 <br />714-541-7254 helvig_denny@msn.com <br />November 11, 2019 <br />Mayor Pulido and Santa Ana City Councilmembers <br />City of Santa Ana <br />20 Civic Center Plaza, 8th Floor <br />Santa Ana CA 92702 <br />Subject: Item to Consider at November 19, 2019 City Council Meeting <br />I am opposed the 2525 Main Residential development. <br />The economic analysis that was performed by RSG for the revised project of 256 units shows the net income in <br />2017$ over 25 years will be $6.729 million (NPV), or $269k per year (2017$) over 25 years. This is far below <br />the $24.5 million ($980k per year) mentioned at the Sept. 5th Community meeting and included in the <br />Developers Sept. 13th Project Submittal. Don't buy into their mis-information tactics. See attached file for <br />more details. <br />Santa Ana can and should do better! <br />Respectfully, <br />U 4. t <br />Dale A Helvig <br />Chairman, North Santa Ana Preservation Association (NSAPA) <br />P.S. Happy Veteran's Day <br />