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INSURANCE NOT REQUIRED <br />MAYOR WORK MAY PROCEED <br />Miguel A. Pulido CLERK OF COUNCIL <br />MAOTEM n'*r. APR o'j 2a19 <br />JuanuanWages <br />COUNCILMEMBERS <br />Cecilia Iglesias <br />David Penaloza 0- CQb (Q) <br />Vacant '3wMlt•t eott-W> <br />Vicente Sarmlento <br />Jose Solorio <br />March 5, 2019 <br />CITY OF SANTA ANA <br />Community Development Agency <br />20 Civic Center Plaza • P.O, Box 1688 <br />Santa Ana, California 92702 <br />w w.santa-ana.om <br />(714)647-5360 <br />Troy Hendrickson <br />Vice President of Construction <br />Habitat for Humanity of Orange County <br />2200 S. Ritchey Street <br />Santa Ana, CA 92705 <br />EXHIBIT 1 A-'LU9a-v0* <br />ACTING CITY MANAGER <br />Steven A. Mendoza <br />CITY ATTORNEY <br />Sonia R. Carvalho <br />ACTING CLERK OF THE COUNCIL <br />Norma Mitre -Ramirez <br />Re: Lacy Street Project <br />416 Vance Street (APN 398-041-22) and 826 N. Lacy Street (APN 398-041-22), <br />Santa Ana, CA 92701 <br />Pre -Commitment Letter for Lease Agreement <br />Dear Mr. Hendrickson: <br />Habitat for Humanity of Orange County ("Developer") requested financial assistance in <br />connection with the proposed development of a two (2) unit affordable housing project to be <br />located at 416 Vance Street (APN 398-041-22) and 826 N. Lacy Street (APN 398-041-22) <br />("Project'). <br />The City of Santa Ana ("City") and Housing Authority of the City of Santa Ana ("Housing <br />Authority') have reviewed the Developer's request for assistance, and at the joint City <br />Council / Housing Authority meeting on March 5, 2019, the City Council and Housing <br />Authority Board authorized and approved issuance of this pre -commitment letter evidencing <br />the preliminary award of ("Agency Assistance"): <br />A loan in the maximum amount of $231,494 in inclusionary housing in -lieu fee <br />payments made pursuant to the City's Housing Opportunity Ordinance (Article <br />XVIII.I of Chapter 41 of the Santa Ana Municipal Code) (the "Inclusionary Housing <br />Fund") held by the City of Santa Ana for the Project ("City Loan"); and, <br />- A 99-year ground lease for the property located at 416 Vance Street (APN 398- <br />041-22) and 826 N. Lacy Street (APN 398-041-22), Santa Ana, CA 92701, with <br />a combined appraised value of $578,000.00 as of October 25, 2018; to be used <br />SANTA ANA CITY COUNCIL <br />Mgual A PuHdu Juan V@egaa Vicente Smmiento David Penalus Joao salodo Vacant CWTM Igiesiaa <br />Mayan Mayor Pm Tem Ward 6 Want 1 Want 3 ward 4 Want 6 <br />mo"IIdIXffiswfa-enazm Mllmasftantsana.om wamdep_to®Santn nnMa 8axnSaILM <br />taolarlo(®san(aane.an dalesiasfsemaana.am <br />