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A P. A 1"ilf'SA CI is r CLERK APR 16124 Am!0a58 01K� E COUNTY BUSINESS COUNCIL 2 Park Plaza, Suite 100, Irvine, CA 92614 1 P 949.476.2242 1 F 949.476.0443 1 wvm ocbc org March 29, 2024 The Honorabie Valerie Amezcctaa Mayor — City of Santa Ana 20 Civic Center Plaza Santa Ana, CA 92701 Re: Delayed Process for Critical Related Bristol Development Dear Mayor Amezcua, As expressed in our previous correspondence, the Orange County Business Council is in strong support for the $3 billion Related Bristol mixed -use development in south Santa Ana. This well managed project would be the single largest private investment in Santa Ana's 154-year history and will deliver tremendous economic and community benefits to one of the most important cities in our region. We are fortunate to have such a strong entity with an established track record willing to make a significant investment into your city which will benefit the entire region. Yet, now several months after providing our letter of support, Related Bristol has yet to have a single formal hearing. This is unfortunate for the City and reduces confidence in the business community for future investments. This project is one of a handful of game -changing investments currently in development or under consideration in Orange County, and its importance to Santa Ana and the region simply can't be understated. Related Bristol will create an estimated 7,500 new construction or permanent jobs, many of them local hires, $500 million in net surplus revenue to the city in the first 30 years of the project and $2.9 billion in economic stimulus to the region. You are well aware of the $535 million community benefits package included in the development proposal. 13 acres of actively programmed open space, a police substation and $80 million of offsite public infrastructure improvements that Related has agreed to cover as part of its project. Related Bristol is exactly the type of planned development needed in Santa Ana and Orange County. Related California has done everything possible in the past 20 months to expedite its approval. Now, as they are still waiting for the city to take action and advance the project through the approval process, this project is facing major deadlines and external issues that threaten the project's economic viability. All eyes are on the City and I am concerned that the window is rapidly closing to approve this project and therefore secure its benefits. I am sorry that we could not find an opportunity to meet this week to discuss my concerns on this matter. We call upon you and your constituents to immediately recognize the opportunity cost of this inaction and rapidly accelerate the hearing process for Related Bristol. We trust in your leadership and the City's ability to timely provide the necessary approvals to complete this vital project. Thank you in advance for your attention to this. Sincerely, _�' Jeffrey Ball President/CEO Cc: City Council Members Planning Commission Members THE LEADING VOICE OF BUSINESS IN ORANGE COUNTY