75A - AGMT FOR 99 YEAR LEASE AT 1901 W WALNUT

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DDA THRIVE Santa Ana, Inc. March 3, 2020 Page 2 AGREEMENT SUMMARY OF KEY TERMS • 1-year term, with 1-year extension option • THRIVE to accept the property as is, without liability to the City. • THRIVE agrees that the City shall not provide any financial assistance to the developer in connection with the project. THRIVE is solely responsible for paying for all costs of the development. • THRIVE must do the following prior to the Ground Lease execution: DDA o Obtain all entitlements and building permits o Obtain construction and permanent financing o Provide the City with sufficient evidence of equity • After commencement of improvements, THRIVE shall not permit the work of the improvements to cease or be suspended for more than 45 days (consecutive or aggregate). • Terminates upon issuance of Certificate of Occupancy • 99-year lease to be executed and effective once certain DDA conditions are met but prior to commencement of construction • Lease rate of $1 per month • THRIVE must maintain adequate standards of operation at THRIVE's sole expense, such as: Ground Lease o Ensure adequate security measures to reasonably protect persons, property, and premise o Maintain the site operational as a microfarm, and not abandon or vacate the premises at any time o Insurance Proposed Development THRIVE proposes to develop a microfarm to grow and distribute fresh produce and ornamentals, and host weekly open-air markets and community activities that promote health. The site would include raised garden beds, a work area, produce pick-up table, and lunch tables. In partnership with a local food cooperative, items would be sold through a community -supported production model, wherein members pay a monthly subscription to receive a box of produce at their home, or available for pickup. An on -site parking lot would host the open-air markets. The site has been vacant for over 12 years. It was acquired by the City in 2007, and the former Orange County Rescue Mission structure was demolished in 2011. The site was recently rezoned as C2 (General Commercial) and the proposed microfarm is a permitted use within that zone. The plans (Exhibit 2) for the microfarm are now in the second review phase with the City's Planning and Building Agency. Community Outreach and Benefits THRIVE is a community land trust dedicated to the stewardship of land for the permanent benefit of local residents. THRIVE was established in 2017 by local nonprofit leaders and residents to 75A-2