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STATEMENT OF COMPLIANCE WITH CALIFORNIA ENVIRONMENTAL QUALITY ACT, FINDINGS OF FACT, AND STATEMENT OF OVERRIDING CONSIDERATIONS FOR THE MAIN STREET CONCOURSE I. INTRODUCTION The Orient Corporation of America, Inc. ("Orient") as property owner and Shimizu America Corporation ("Shimizu"), as project proponent ("Orient" and "Shimizu" are collectively sometimes referred to as the "Applicant" for purposes herein) propose to develop a mixed-use project containing commercial office/retail/hotel/residential uses and related incidental function areas and parking facilities (the "Main Street Concourse" development, more particularly described below). The proposed development will be located on 18.9 acres of primarily vacant land owned by Orient at the northeast corner of Main Street and Owens Drive in the City of Santa Ana, California. The environmental consequences of the Main Street Concourse were evaluated and assessed in a "Revised Draft Environmental Impact Report for Main Street Concourse" dated April 15, 1992 (the "Revised Draft EIR"). This Statement includes the environmental effects, including significant effects, of the proposed Main Street Concourse development, mitigation measures, findings with respect to environmental effects, the rationale for the findings, and the overriding considerations for the development. A separate mitigation monitoring program has been prepared and adopted concurrently with this Statement (the "Mitigation Monitoring Program"). This Statement is not a new assessment of the environmental effects which will result from the construction and development of the Main Street Concourse, nor does it replace or supersede any provisions of the Revised Draft EIR. This Statement is merely a recompilation and extrapolation of data and information contained in the revised draft EIR regarding the environmental impacts and mitigation measures. The purpose of this Statement is to bridge the analytic gap between the data and information contained in the Revised Draft EIR and the findings required to be made in accordance with the California Environmental Quality Act ("CEQA").