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3 <br />Regional Commercial Center: A large commercial complex containing a variety of stores, <br />restaurants and other businesses housed in a series of connected and/or adjacent buildings <br />within an integrated campus that shares common areas and parking facilities, and which fronts <br />onto one or more freeways. Said center must be located on a site of no less than fifteen (15) <br />acres. <br />iii.Economic and Community Benefits Plan: <br />Except as required by Table 1 above, OPERATOR may exercise the option to reduce <br />the billboard removal ratio for billboards that are nonconforming as resulting from the <br />adoption of Ordinance No. NS-____, subject to detailing provisions for economic and <br />community benefits in an Economic and Community Benefits Plan in full accordance <br />with Section 41-1113 of the Santa Ana Municipal Code as detailed and approved in the <br />BRP. The terms of the Community Benefit Plan within the BRP shall be subject to review <br />and approval by the City Manager as recommended by the City Attorney and Executive <br />Director of the Planning and Building Agency. <br />For the proposed conversion of existing freeway-oriented on-premise digital signs to be <br />considered for a reduction in or exemption from the required removal ratios as outlined <br />in Table 1, the Subject Property shall contain an existing business that satisfies all of the <br />criteria enumerated below: <br />(1) Is a local tax revenue generating business, a retail mall, or a local taxable <br />consumer goods retail district that is regional in nature and is able to reasonably <br />demonstrate regional draw of consumers from neighboring cities and counties <br />and competitiveness in the region; and <br />(2) Is able to demonstrate annual gross taxable sales average of at least $5,000,000 <br />(five million); and <br />(3) Is able to demonstrate making physical improvements to the property and onsite <br />improvement within the three-year period prior to submitting an application to the <br />CITY and a budgeted improvement plan for a minimum of a five (5) year period <br />following final building approval; and <br />(4) Is able to demonstrate an on-going business plan and a budget that include a <br />marketing plan reaching out to customers in neighboring cities and counties for <br />the three (3) year period prior to submitting an application to the CITY and a <br />budgeted marketing plan for a minimum of a five (5) year period following final <br />building approval; and <br />(5) Has been continuously open to the public with reportable tax revenue for the five <br />(5) year period prior to submitting an application to the CITY; and <br />(6) Employs a minimum 20 percent (20%) of its employees who reside in Santa Ana; <br />and <br />(7) In receipt of a preliminary approval letter of conformance from Caltrans for an off- <br />premise sign; and <br />(8) Retain no less than thirty percent (30%) of time slots within and advertising cycle <br />for advertising of the business and products available on the property; and <br />(9) The applicant and business operator and the CITY shall enter into a Billboard <br />Operating Agreement as set forth in Section 41-1113 of this Chapter.