60A - 4TH AND MAIN MIX USE DEVELOPMENT

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SPR No. 2019-01/DBA No. 2019-01 —First American Title Co. Development October 28, 2019 Page 10 The 2019 EIRAddendum's cultural resources study revisited the site and concluded, similar to the 1984 and 2010 analyses, that the site was ineligible for listing on any local or national historic register. Therefore, the 2010 EIR's MMRP will continue to mitigate or lessen any impacts already identified by the 2010 EIR. Following public input at the September 23, 2019 Planning Commission public hearing on the project, the cultural resources study was updated to enhance discussion of the onsite buildings and their historic prominence in Santa Ana. Moreover, two conditions of approval are proposed in order to establish a careful demolition process, public notification, fagade preservation opportunities, interior building element preservation and salvage opportunities, and provide photo -documentation. Economic Development A fiscal and economic impact analysis prepared by RSG, Inc. and The Concord Group was submitted for the project. The analysis estimates that the proposed development will result net positive fiscal impacts to the City, the Business Improvement District, and in almost 900 new temporary or permanent jobs. Specifically, the analysis estimates the following impacts: $12.8 million net positive new General Fund revenues associated with the project over a 25- year period, resulting from: o $4 million in City permit fees, $16.9 million in revenues, and $156,000 additional property tax revenues over a 25-year period, and o $4.1 million in General Fund expenditures associated with the project over a 25-year period • 892 direct, indirect, or induced new jobs resulting from the project, of which 68 would be permanent • Approximately $204,000 in Business Improvement District (BID) funds Table 2: Strategic Plan Alignment and Public Notification & Community Outreach Plan A community meeting was held on June 18, 2018 at 5:30 p.m. at the project site in accordance with the provisions of the City's Sunshine Ordinance. Invitations/notices were mailed to property owners and occupants/tenants in a 500-foot radius from the project site. Approximately 17 members of the public attended, as well as 4 City staff. The applicant provided all the required information to the City after the meeting. Details from the community meeting were posted to the project's webpage at httl)s://www.santa- ana.org/pb/planning-division/major-planning-projects-and-documents/first-american- title-co-site-downtown . In addition, a public hearing was held on the project on September 23, 2019. A work- study session was subsequently held on October 14, 2019, during which members of the community expressed general support for preserving onsite structures to the extent possible and for the overall mixed -use development. :ion by mail was mailed to all property owners, occupants, and c within 500 feet of the project site in accordance with SAMC 60A-39