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Resolution Authorizing Submission for <br />Proposition 1C Funds for TOD <br />Program Application <br />March 3, 2008 <br />Page 2 <br />proposed housing project would consist of a mix of 107 one, <br />bed units, of which 82 would be homeownership and 25 <br />proposal provides for 13 for-sale and 4 rental units to be <br />low and moderate income households. The final number and <br />of the units to be developed will be determined at <br />development. <br />two and three <br />rental. The <br />restricted to <br />bedroom sizes <br />the time of <br />If awarded these funds, staff will initiate a Request for Qualifications <br />(RFQ) for the development under these parameters. <br />Based on the proposed housing project, the City of Santa Ana would be <br />able to apply for approximately $5 million in TOD infrastructure grant <br />funds to support the development. These funds would be used to offset the <br />City's costs for necessary infrastructure upgrades. <br />CEQA COMPLIANCE <br />In accordance with the California Environmental Quality Act, the proposed <br />project is exempt from further review per Section 15061(b)(3) as the <br />project will not have a significant effect on the environment. General <br />Rule Exemption Environmental Review No. 2008-49 will be filed for this <br />project. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />~. ~~~' <br />Step en G. Hardi <br />Deputy City Man er for Development Services <br />Community Development Agency <br />SGH/SLB/jph/mlr <br />H:\ACTION ITEMS\COUNCIL\2008CC\030308 Reso TOD App (2).doc <br />55B-2 <br />