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 2 County of Orange Board of Supervisors, and subject to non -substantive changes approved by the Executive Director of the Housing Authority and Housing Authority General Counsel. 3. Authorize the Executive Director of the Housing Authority to execute a joint sixty-five (65) year Ground Lease with Washington Santa Ana Housing Partners, L.P., a California limited partnership formed by The Related Companies of California, LLC and A Community of Friends, for the development of the Crossroads at Washington affordable housing project located at 1126 and 1146 E Washington Avenue, Santa Ana, CA 92701, (APNs 398-092-13 and 398-092- 14), subject to approval by the County of Orange Board of Supervisors, and subject to non - substantive changes approved by the Executive Director of the Housing Authority and Housing Authority General Counsel. 4. Adopt a resolution granting consent to the Orange County Housing Authority to administer project -based vouchers in the City of Santa Ana for the development of the Crossroads at Washington affordable housing project located at 1126 and 1146 E Washington Avenue, Santa Ana, CA 92701, (APNs 398-092-13 and 398-092-14). CITY COUNCIL 1. Authorize the City Manager to execute a Memorandum of Understanding with the County of Orange regarding the County's and City's Regional Housing Needs Allocation for future Housing Element planning periods pertaining to development of the Crossroads at Washington affordable housing project located at 1126 and 1146 E Washington Avenue, Santa Ana, CA 92701, (APNs 398-092-13 and 398-092-14), subject to approval by the County of Orange Board of Supervisors, and subject to non -substantive changes approved by the City Manager and City Attorney. 2. Approve a Substantial Amendment to the Neighborhood Stabilization Program Annual Action Plan in order to reallocate $963,951 in Neighborhood Stabilization Program I, II and III grant funds to the Crossroads at Washington affordable housing project and authorize its submission to the United States Department of Housing and Urban Development. EXECUTIVE SUMMARY On June 19, 2018, the City Council authorized the Community Development Agency (CDA) to release a FY 2018-2019 Request for Proposals (RFP # 18-056) to develop affordable rental and ownership project(s) in the City of Santa Ana. Following this competitive selection process, on July 2, 2019 the City Council authorized the City Manager to execute a pre -commitment letter with The Related Companies of California ("Related") and A Community of Friends ("ACOF"), collectively referred to as the "Developer", for $3,971,440 in affordable housing funds for the development of the Crossroads at Washington affordable housing project located at 1126 and 1146 E Washington Avenue, Santa Ana, CA 92701 (APNs 398-092-13 and 398-092-14) (the "Project") (Exhibit 1). At the same meeting, the City Council also authorized the Executive Director of the Housing Authority to enter into negotiations for the following: 1) a Joint Powers Agreement with the County of Orange for the County and Housing Authority -owned properties to be joined together as tenants in common; 2) a sixty-five (65) year ground -lease of the Housing Authority -owned parcel at 1126 E Washington Avenue that is adjacent to the County -owned parcel; and 3) any other required actions necessary for the adjacent properties to be merged and then leased to a California limited 80A-2