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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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Item 68 - Crossroads at Washington Affordable Housing Project at 1126, 1136, & 1146 East Washigton Ave.
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City Clerk
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Agenda Packet
Agency
Clerk of the Council
Item #
68
Date
6/21/2022
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Agreements for the Development of the Crossroads at Washington <br />June 21, 2022 <br />Page 9 <br />2 <br />7 <br />6 <br />6 <br />to 15 project-based vouchers (“PBVs”). Staff is recommending an amount up to eight <br />additional project-based vouchers contingent upon a review of the Developer’s proforma <br />prior to closing to determine if a full award of eight additional PBVs is necessary. If the <br />Developer does not need the full award of 15 PBVs, staff will reduce the PBVs according <br />to the Developer’s need prior to closing on their construction loan and/or permanent loan <br />financing. <br />Proposed Revisions to the Joint Sixty-Five (65) Year Ground Lease <br />On February 18, 2020, the City Council authorized the Executive Director of the Housing <br />Authority to enter into a Joint Powers Agreement with the County of Orange for the joint <br />ownership of the adjacent properties located at 1126 and 1146 E Washington Avenue. At <br />that same meeting, the City Council also authorized the Executive Director of the Housing <br />Authority to execute a joint sixty- five (65) year Ground Lease and an Option Agreement <br />with Washington Santa Ana Housing Partners, L. P., a California limited partnership <br />formed by the Developer. The Staff Report from February 18, 2020, is attached as Exhibit <br />10. <br />Since that date and during the option term, the Developer conducted a site assessment <br />of the Project area and identified a number of unexpected environmental contaminants. <br />This issue was communicated to the City Council on December 15, 2020 and August 17, <br />2021. To summarize the environmental contamination issue, the Developer retained <br />Altec Testing & Engineering, Inc. (“Altec”) during their due diligence period to conduct <br />environmental investigations for the sites. An initial Phase I environmental investigation <br />was conducted on October 19, 2019. A Phase II Environmental Site Assessment (“Phase <br />II”) Report was warranted based on the Phase I findings and was prepared by Altec on <br />February 19, 2020. The Phase II identified unexpected contaminants and recommended <br />additional environmental investigations to determine the extent of the soil contamination <br />on the County and Housing Authority-owned properties. In addition, the County retained <br />Geosyntec Consultants, Inc. to provide environmental peer review services and to act as <br />the County’s consultant with respect to environmental issues on the property (the City <br />retained services from a City consultant only as needed). Thereafter, and following <br />approval by the Board of Supervisor on August 21, 2021, the County entered into a <br />voluntary oversight agreement with the State of California Department of Toxic <br />Substances Control (“DTSC”) that authorized DTSC to serve as the oversight agency for <br />the Project. The Agreement allowed DTSC the ability to facilitate and help coordinate <br />further inspections and investigations, review and approve appropriate remediation <br />measures and documents, and engage the public, as necessary. <br />Since the Developer did not contribute to the existing on-site environmental contaminants, <br />the Developer has requested to amend the indemnity obligations in the Ground Lease to <br />reflect the preexisting condition of the property related to the existing contaminants. As a <br />result, the County and the Housing Authority staff have negotiated a revised Ground <br />Lease to eliminate the Developer’s indemnity obligations associated only with these <br />existing hazardous materials in Section 4.4.4 of the Ground Lease, but to maintain all
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