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E. Pursuant to Section 34-127 of the SAMC, approval of a VTTM application is <br />required for projects proposing to create four or more parcels by the Planning <br />Commission. <br />F. On August 12, 2024, the Planning Commission of the City of Santa Ana <br />held a duly -noticed public hearing on VTTM No. 2023-01. <br />G. On September 17, 2024, the City Council of the City of Santa Ana held a <br />duly -noticed public hearing on VTTM No. 2023-01, after which the item was <br />continued to the regularly -scheduled City Council meeting of October 1, 2024, <br />H. The City Council of the City of Santa Ana determines that the following <br />findings, in accordance with Section 66473.5 and 66474 of the SMA and Section <br />34-127 of the SAMC, which must be established in order to approve VTTM No. <br />2023-01, have been established: <br />1. The proposed project and its design and improvements are <br />consistent with the General Plan land use designation and are otherwise <br />consistent with all other Elements of the General Plan. <br />The Project and its design and improvements are consistent with the <br />General Plan land use designation of District Center — High (DC-5), which <br />allows a maximum floor area ratio of 5.0 and up to 125 dwelling units per <br />acre. In addition, the project supports several goals and policies of the <br />General Plan. Specifically, the project is consistent with General Plan <br />Land Use Element (LU) Goal 1, which encourages projects that improve <br />quality of life and respects the existing community. Policy LU-1.2 supports <br />innovative development policies to expand homeownership opportunities <br />at all income levels. Policy LU-4.7 encourages the development of mixed - <br />income developments with mixed housing types to create inclusive <br />communities and economically diverse neighborhoods. Lastly Policy HE- <br />2.5 of the Housing Element supports diverse types, prices, and sizes of <br />housing. <br />2. The proposed project conforms to all applicable requirements of the <br />zoning and subdivision codes as well as other applicable City ordinances. <br />The project is consistent with the development standards specified within <br />the project's proposed Specific Plan (SP No. 5), including land use, height, <br />minimum development site area, building frontages, publicly accessible <br />open space, private/common open space, building setbacks, and parking <br />and access. Further, the access and egress for the Project has been <br />thoroughly review by the Public Works Agency for compliance with all <br />applicable development standards. <br />3. The project site is physically suitable for the type and density of the <br />proposed project. <br />There are no physical constraints on the site that would preclude <br />development. The proposed site consists of approximately 41 acres of <br />Resolution No. 2024-055 <br />Page 2 of 27 <br />