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First Amendment to THRIVE DDA and Consent to Assignment of Leases and Rents <br />Authorization <br />June 7, 2022 <br />Page 3 <br />2 <br />7 <br />2 <br />3 <br />partnership with a local food cooperative, items would be sold through a community- <br />supported production model, wherein members pay a monthly subscription to receive a <br />box of produce at their home, or to be available for pickup. An on-site parking lot would <br />host the open-air markets. <br />THRIVE Fiscal Update <br />THRIVE reports that the estimated costs for project completion are $544,496. Of this <br />amount, THRIVE reports having secured $294,496 of funding for construction, will be <br />able to secure $100,000 with the approval of the Consent to Assignment of Lease and <br />Terms, and is in the process of identifying and securing the additional $150,000 needed. <br />THRIVE’s expenses for the project to date are $68,687, inclusive of surveys, <br />environmental report, permit fees, architectural and engineering costs, and loan fees. <br />Project Update <br />The project site has been vacant for over 15 years. It was acquired by the City in 2007, <br />and the former Orange County Rescue Mission structure was demolished in 2011. The <br />site was rezoned in 2019 to C2 (General Commercial), and the proposed microfarm is a <br />permitted use. The construction plans for the microfarm were formally submitted to the <br />Planning and Building Agency (PBA) for review on March 30, 2022 and corrections were <br />provided to THRIVE on May 6, 2022. PBA is now awaiting resubmittal from THRIVE. In <br />addition, THRIVE has provided street improvements, grading, and water quality <br />management plans to the Public Works Agency which are currently under review.