2009-011 CRA - Laserfiche WebLink

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from further review and determined that a mitigated negative declaration and mitigation monitoring plan for Environmental Review No. 2005-42 will be filed for this project. Asa "responsible agency," the Agency agrees that this environmental document appropriately analyzes the project and complies with the California Environmental Quality Act, and that it will implement or see to the implementation of any mitigation measures specified as its responsibility under the mitigation monitoring plan. F. Pursuant to the provisions of the California Redevelopment Law, the Agency and the City Council have held a duly noticed joint public hearing on the proposed sale of the Site pursuant to the Agreement. The Agency Board has considered all evidence submitted, both oral and written, as has been fully advised prior to adoption of this Resolution. G. The 40 apartments to be built by Vista Del Rio on the Site will all have recorded covenants restricting their use for 55 years to rents affordable for families with extremely low and very low incomes (and low income as to the 41st, manager's unit) and only for special needs tenants. H. As part of the project, approximately 0.465 acres owned by the Agency immediately adjacent to the project that are to be transferred to the City of Santa Ana to be improved and maintained by the City for open space and park purposes, shall directly benefit the residents of the project by providing them with an open space amenity, and are a reasonable and fundamental component of the affordable, rental housing units to be constructed by Vista Del Rio. Section 2. The Disposition and Development Agreement is hereby approved, and the Executive Director of the Agency is hereby authorized to execute the Agreement, with such non-substantive changes as may be approved as to form by Agency's General Counsel. Section 3. The on-site and off-site improvements required by the Disposition and Development Agreement are hereby approved by the Agency and title to the 0.465 acre parcel is authorized to be transferred to the City of Santa Ana, pursuant to Health & Safety Code § 33334.2(e)(2), because both (i) these improvements are part of the new construction of affordable housing units for extremely low and very low income persons that are directly benefited by the improvements, and are a reasonable and fundamental component of the housing units, and (ii) the Disposition and Development Agreement approved by the Agency requires that the units remain available at affordable housing cost to, and occupied by, persons and families of extremely low, very low, or low income (as to the 41st, manager's unit) for fifty-five (55) years. Section 4. The Executive Director of the Agency is hereby authorized to take all steps, and to sign all documents and instruments necessary to implement and carry out Resolution CRA No. 2009-011 Page 2 of 3