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THE RELATED COMPANIES OF CALIFORNIA
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Last modified
8/23/2021 4:57:21 PM
Creation date
8/23/2021 4:51:56 PM
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Contracts
Company Name
THE RELATED COMPANIES OF CALIFORNIA
Contract #
A-2021-173
Agency
Community Development
Council Approval Date
8/17/2021
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A-2021-173 <br />Dr. GOACDICCIAJIuSVINW)fJD, W <br />MAYOR <br />Vicente Sanniento <br />MAYOR PRO TEM <br />David Penaloza <br />COUNCILMEMBERS <br />Phil Bacena <br />p <br />Johnathan Ryan Hernandez <br />N <br />Jessie Lopez <br />cf; <br />Nelida Mendoza <br />N <br />Thai Viet Phan <br />CD <br />Q <br />August 17, 2021 <br />)PUCEF <br />10UNI'l <br />CITY OF SANTA ANA <br />COMMUNITY DEVELOPMENT AGENCY <br />20 Civic Center Plaza • P.O. Box 1966 <br />Santa Ana, California 92702 <br />(714)647-5360 <br />vnww.santa-ana orc <br />Liane Takano <br />Southern California Director <br />The Related Companies of California <br />18201 Von Karman Avenue, Suite 900 <br />Irvine, CA 92612 <br />Dora Leong Gallo <br />Chief Executive Officer <br />A Community of Friends <br />3701 Wilshire Blvd., Suite 700 <br />Los Angeles, CA 90010 <br />CITY MANAGER <br />Kristine Ridge <br />CITY ATTORNEY <br />Sonia R. Carvalho <br />CLERK OF THE COUNCIL <br />Daisy Gomez <br />Re: Crossroads at Washington <br />1126 and 1146 E. Washington Avenue, Santa Ana, CA 92701 <br />First Amended and Restated Pre -Commitment Letter for: NSP Loan, HOME Loan, <br />Lease Agreement, and Seven (7) Project -Based Vouchers <br />Dear Ms. Takano and Ms. Gallo, <br />The Related Companies of California and A Community of Friends (collectively referred to <br />as the "Developer") requested financial assistance in connection with the proposed <br />development of an eighty-six (86) unit affordable housing complex, with eighty-five (85) units <br />restricted to extremely -low income households, to be located at 1126 and 1146 E. <br />Washington Avenue, Santa Ana, CA 92701 (APNs 398-092-13 and 398-092-14) (`Project'). <br />The site consists of two adjacent parcels. The Housing Authority of the City of Santa Ana <br />("Housing Authority") owns one parcel at 1126 E. Washington Ave. (APN 398-092-14) <br />totaling approximately 1.43 acres of land area ("Housing Authority Parcel'). The County of <br />Orange ("County') owns an adjacent parcel (APN 398-092-13) totaling approximately .85 <br />acres of land area ("County Parcel'). The Housing Authority and County have merged their <br />respective parcels with joint ownership for purposes of master leasing the parcels to the <br />Developer to construct the Project over a single parcel (`Property'). <br />SANTA ANA CITY COUNCIL <br />V'aenle S.naiento DaNd Penaloza Thai Viet Phan Jessie Lopez Phil Bacena Johnalhon Ryan Hemandez Nellda Mandan <br />Mayor Maym Pm Tem, Want 2 Wand Ward Want Word Ward <br />�aorairA,A,,ant.-.na.,rh doenaloza(o)sane-anaam leher0santa-ana om sslelooezelsana-ana am P1ha,naAaaota-ana NanligifflandozOsenta ana om ... ntl Jd <br />
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