2005-016 - Statement of Overriding Considerations for the Property Located at 2725 North Main Street

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City Place Focused Environmental Impact Report Findings and Facts in Support of Findings The City Place project site is in the northeast part of the City of Santa Ana and is generally bounded by Main Street to the west, Lawson Way to the east, Memory Lane to the south and Town and Country Street to the north. The City of Orange borders the project site to the north. Local access to the proj ect site would be provided from Main Street and Memory Lane. Regional access to the project site would be provided by Interstate 5 (1-5) to the south and State Route 22 (SR 22) to the north. TransAction Companies, Ltd. is proposing the City Place project on the 17.7-acre project site. Tbe project proposes a mixed use development with a total of 57,700 square feet of commercial uses, consisting of 21,900 square feet of restaurant uses, 33,800 square feet of retail uses, 2,000 square feet of restaurant/retail, 74 live/work residential units and 168 town homes. An internal loop road, Crescent Road, through the project site would separate the commercial and residential components 0 f the proj ect. The objectiyes for the City Place project are to: . Develop the site as a commercial and residential center tbat provides entertainment, sbopping, dining and living opportunities for the residents of Santa Ana and surrounding areas, and that maximizes the advantages of tbe sites location on Main Street in terms of its visibility and proximity to SR 22. . Develop the vacant project site with land uses to help meet the retail and residential needs within the northeastern area of the City of Santa Ana. . Expand live/work residential opportunities in the City of Santa Ana. . Provide commercial space suitable to attract retail tenants consistent with existing retail uses in the immediately surrounding areas. . Provide a project that is consistent with the commercial and residential uses in the surrounding area and to contribute to the continued revitalization ofthe northeastern area of the City of Santa Ana. The City of Santa Ana is the Lead Agency for the EIR, as defined by Section 21067 ofCEQA. The City of Santa Ana has detennined that tbe EIR is required for the City Place project pursuant to Section 15063 of the CEQA Guidelines to assess the potential impacts resulting ftom approval of the project and other discretionary actions necessary for its implementation. This EIR is intended to serve as a project EIR for the City Place site plan approval and other related implementation actions. To implement the project, the City and/or other public agencies may consider various actions, pennits and approvals. Other agencies may also consider the EIR in the review of project permits or other actions. The potential actions, permits and approvals for the proposed project are anticipated to include the following: C:\Documents and Settings lBKaufman \Local SettingslTemporary In/ernet Fi/esIOLKBICity Placefindings.doc Page. Page 22 of 53