Item 21 - Density Bonus Agreement No. 2022-03

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DBA No. 2022-03 — Warmington Residential December 6, 2022 Page 3 Of the total units in the development, eight units are proposed to be affordable to households earning less than 50-80 percent of the area median income (AMI), which is currently set at $108,400, adjusted for a four -person household size, as published by California Department of Housing and Community Development (HCD). Seven of the affordable units will be three -bedroom units while the last unit will be a two -bedroom unit. The proposed units will range in size between 1,300 to 1,992 square feet in size and will contain full kitchens, bedrooms, bathrooms, in -unit storage, and open/common (living) areas. Common open space will be provided through several private exterior areas approximately 6,100 square feet in size, or 7 percent of the total site area. One area will be a courtyard approximately 2,016 square feet in size, located on the west side of the property, adjacent to entrance and buildings 10 and 11. A second courtyard approximately 2,178 square feet in size is proposed to be located on the east side of the property, between buildings 6 and 7. The remainder of the open space locations will be provided as courtyards between buildings and would range from 792 and 1131 square feet. The design and layout of the proposed open spaces would create a unique outdoor area within the development, which function as a passive outdoor space and provide functional amenities to residents (e.g., picnic lounges, fire pits, BBQ, etc.). Lastly, each unit will also contain decks/private balconies for the use of each unit's owners. The project features a contemporary architectural style similar to many multiple -family or mixed -use residential communities under construction in Santa Ana and the region. The overall design, massing, features, and materials of the new construction will be compatible with, but differentiated from the existing multi -family neighborhood. The contemporary architectural style would include fiber cement lap siding, a light sand finish stucco exterior, fiber cement building trim, metal awnings and decorative columns, and high quality architectural detailing (e.g., exterior lighting, entry doors, fenestration, etc.). Moreover, the residential structures are designed to fully screen all mechanical equipment within the structure and parapet walls. Overall, the project will include a design and solid construction materials that will ensure that the project ages well for the duration of the building's lifetime. As part of the overall entitlement process, the applicant submitted a vesting tentative tract map application to subdivide the project site into a condominium lot with fifty-one condominium units, which would allow each unit to be sold for individual ownership. The applicant prepared the required vesting tentative tract map, which clarifies the proposed subdivision for the proposed condominiums. Table 1: Project and Location Information Item I Information Project Address and Council Ward 717 S. Lyon Street — Ward 3