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Community Development Agency <br />www.santa-ana.org/community-development/ <br />Item # 3 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br />Staff Report <br />July 16, 2024 <br />TOPIC: Garden Court Apartments Rehabilitation Project <br />AGENDA TITLE <br />Amended and Restated Regulatory Agreement for the Rehabilitation of Garden Court <br />Apartments Located at 300 East Santa Ana Boulevard, Santa Ana, CA 92701 <br />RECOMMENDED ACTION <br />1. Authorize the Executive Director to consent to the termination of the Original <br />Agreement in order for the Acting City Manager to execute the Amended and Restated <br />Agreement Containing Affordable Housing Covenants with Orange Housing <br />Development Corporation for the rehabilitation of Garden Court Apartments located at <br />300 East Santa Ana Boulevard, Santa Ana, CA 92701 (APN 398-323-08). (Contingent <br />upon approval of City Council Item # 27) (Agreement No. A-2024-XXX). <br />2. Approve the Relocation Plan and authorize the Acting City Manager to approve <br />amendments to the Relocation Plan prior to commencement of the rehabilitation of <br />Garden Court Apartments, substantially in the draft form attached hereto, subject to <br />changes consistent with the project approved by the City Manager and City Attorney. <br />GOVERNMENT CODE §84308 APPLIES: Yes <br />DISCUSSION <br />Garden Court Apartments is an existing 84-unit mixed -income apartment project located <br />at 300 East Santa Ana Boulevard, Santa Ana, CA 92701 (APN 398-323-08) and owned <br />by Orange Housing Development Corporation ("OHDC"). On May 26, 1995, the City of <br />Santa Ana ("City"), the Community Redevelopment Agency, and OHDC entered into an <br />agreement containing covenants that required 41 out of the 84 units on the property to <br />be affordable to families earning 40% of the Area Median Income ("AMI") in perpetuity <br />("Original Agreement"). The remaining 43 units consist of 42 unrestricted market rate <br />apartments and one manager's unit. The Original Agreement was entered into as part <br />of a loan the City made for the project under the HOME Investments Partnership <br />Program (24 C.F.R. 92.252) (the "HOME Program"). <br />The Agency was part of the Original Agreement because the property was originally <br />developed pursuant to a Redevelopment Plan for the City of Santa Ana <br />