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RESOLUTION NO. 2024-068 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA APPROVING A THIRD ONE-YEAR <br />EXTENSION OF SITE PLAN REVIEW 2020-03 AND <br />VARIANCE NO. 2020-06 FOR THE 41h AND MORTIMER <br />MIXED -USE DEVELOPMENT LOCATED AT 409 AND 509 <br />EAST FOURTH STREET <br />BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br />Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br />A. On October 12, 2020, the Planning Commission unanimously approved Site <br />Plan Review No. 2020-03, for a development project over four stories in height, <br />and Variance No. 2020-06, to allow an increase in the allowable building size and <br />massing, for a new mixed -use development located at 409 and 509 East Fourth <br />Street. <br />B. Pursuant to SAMC Section 41-647, when construction does not commence, <br />these types of entitlements expire after two (2) years unless the applicant applies <br />for, and the City Council approves, an extension. Up to three extensions may be <br />granted. <br />C. Taking into consideration the difficulties experienced by the development <br />industry from the global COVID-19 pandemic and its effects on securing funding, <br />labor, and construction materials, the City Council unanimously approved <br />Resolution No. 2022-093, approving the applicant's first request for a one-year <br />entitlement extension on December 6, 2022, extending the subject project <br />entitlements until December 15, 2023. <br />D. On August 1, 2023, the applicant obtained all required building permits for <br />development of the project, including demolition permits for existing buildings at <br />both project sites. <br />E. Due to increases in interest rates and their impact on construction loans and <br />land development costs, the City Council unanimously approved Resolution No. <br />2023-088, approving the applicant's second request for a one-year entitlement <br />extension on December 5, 2023, extending the subject project entitlements until <br />December 15, 2024. <br />Reso[ution No. 2024-068 <br />Page I of 3 <br />