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THIRD REVISED Proposed Business Points for Community Benefits Agreement r Agreements <br />between SACReD. City of Santa Ana, City of Santa Ana Redevelopment Agency, and Related <br />Companies Relating to Phase I of Station District and Development Occurring in theTransit Zoning <br />Code Area <br />May 21, 2010 <br />The substantive points below will be agreed to through a legally binding, fully enforceable agreement r <br />set of agreements) between Santa Ana Collaborative for Responsible Development elope ent SACReD , City of <br />Santa Ana, the City of Santa Ana Redevelopment Agency and Related Companies (the "Developer"). <br />1. Housing <br />a, Phase I Affordable Housing. Developer, Agency and City agree to ensure, by way of 55 <br />year covenant,, that 100% of Phase I rental units are affordable at % ANTI and below with a <br />minimum 0% at 0% AMI, with priority given to those displaced as a result of <br />redevelopment. Developer and City agree to ensure that two ownership units in each for -sale <br />development block are affordable to households at % of AML City agrees to provide <br />incentives for first time home buyers to facilitate the sale of affordable ownership units to <br />qualifying households. <br />b. TZC Area Affordable Housing — Individual Prof e et s. Agency agrees that if redevelopment <br />Rinds are used to financially assist a residential rental project within the TZC, 100% of units <br />within such project will be offered at 0% AMI or below with a minimum of 25% of the units <br />at 0% AMI, and affordability levels ensured through a restrictive covenant for 55 years. <br />Agency agrees that in any situation where it has the legal authority to do so (for example, <br />when entering into a development agreement with a building owner), it will ensure, through <br />restrictive covenants of 55 years, that at least 0% of ownership units are affordable to <br />household at % AMI and below. <br />c. TZC Area ---- Area -Wide Affordable Housing Goa]. City agrees that, for the TZC Area as a <br />whole, it will have as a goal that 1 at least 50% of rental units will be affordable to <br />households at % AMI and below, 0% of which will be for households at % of AMI, <br />and 2 ) 30% of ownership units will be affordable to households at % AMI. City agrees to <br />work with SACReD in the development of City policy, including incentives and <br />requirements, that suppoil these goals. <br />d. Phase I Affordable Child Care. City and Developer agree ensure that at least 3,000 sq. ft. of <br />community space within Lot 1 of Phase I will be made available at no charge during daytime <br />hours to a childcare operator identified in conjunction with SACReD. The operator will be <br />responsible for funding operations within the facility. In the event that, despite their best <br />efforts, City and Developer are unable to find a childcare provider, this requirement is <br />waived. <br />II. Cultural and Historic Preservation <br />a. Phase I Community Center. City agrees to use best efforts to male available, through <br />int use agreement or otherwis e, a multi -use conmiunity resource center of at least 10,000 <br />sq. ft. in size servicing con unity needs for the whole family at no cost or low cost. City <br />agrees to work with SACReD on planning for the design, programming and location of the <br />center. City agrees to use best efforts to negotiate an agreement with SACReD and SAUSD if <br />a joint use a1Tangernent with SA SD exists that ensures that the center will be regularly <br />accessible t the coy �� unit , and specifically that at least one floor of the eoimnu pity center <br />will be available during school hours and that the entire community center and school <br />