80A - PH AGMT WITH COUNTY OF ORANGE 65 YR GROUND LEASE

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Joint Powers Authority, Ground Lease, and Option Agreement For the Crossroads at Washington February 18, 2020 Page 10 • Starting with the 2021-29 Planning Period (or as that planning period may be adjusted by SCAG, the Department of Housing and Community Development, or statute), upon SCAG's adoption of a final RHNA, the County and City shall jointly apply to SCAG to reduce the County's RHNA allocation of very -low income units by 20 units and to increase the City's RHNA share of very -low income units by 20 units of the County's original RHNA allocation, as provided for and in conformance with the requirements of Government Code section 65584.07. o This will reduce the County's RHNA allocation obligation by twenty (20) very low- income housing units. • Accordingly, upon SCAG's approval, the City's share of its RHNA allocation of very -low income units will increase by 20 units of the County's original allocation and the County's RHNA allocation of very -low income units shall decrease by 20 units of the County's original allocation, as allowed under Government Code section 65584.07. o This will reduce the City's eighty-five (85) extremely low-income housing units that we would have received toward the City's RHNA allocation obligation by twenty (20) units. The City would be left with a net of sixty-five (65) extremely low-income housing units used to meet the City's RHNA allocation obligation. • In addition, the County and City shall also jointly apply to SCAG to reduce the County's RHNA allocation of moderate -income units by 22 units and to increase the City's RHNA share of moderate -income units by 22 units of the County's original RHNA allocation, as provided for and in conformance with the requirements of Government Code section 65584.07. This is proportional adjustment is necessary to conform with the requirements of Government Code section 65584.07; specifically, the County must reduce their moderate income unit obligation proportional to their very -low income unit reduction. o This will reduce the County's RHNA allocation obligation by twenty-two (22) moderate -income housing units. • Upon SCAG's approval, the City's share of its RHNA allocation of moderate -income units will increase by 22 units of the County's original allocation and the County's RHNA allocation of moderate -income units shall decrease by 22 units of the County's original allocation, as allowed under Government Code section 65584.07. o This will increase the City's RHNA allocation obligation for moderate -income units by twenty-two (22) units. The City will still have a net of 65 extremely low-income housing units that were used to meet the City's RHNA allocation obligation as mentioned above, but the City's moderate -income unit obligation will increase by twenty-two (22) units. Although this appears to be an unusual arrangement on its face, it is important to remember that the County and the City are working together to develop a joint parcel for the two adjacent land parcels owned by each governmental entity. Each governmental entity on its own would not be able to build the total number of extremely low-income units that will be built on the combined site by Related. Therefore, working together the County and the City are able to build more units on the combined site and reduce the proportionate share of affordable housing units in their respective RHNA allocation obligations. Foorlymul