80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT J

Home Browse Search

D~PS~`~~~N AND D~~~PMI~~NT ARE~I~~~I1 TOYS DYSP~SITI~N AND DE~~~P~N~` A.~~~~NT this "Agree~~~e~~t"~ is entered rota as of J~~ne 7, 200, b~ acid bet~~een tl~e ~~INIDN~T~ EDI~~~~P~N'~ AI~~N~ ~F TI3E SANTA ANA, ~ public l~od~, carparate and politic the "Agency"~ at~d SANTA ANA STATION DI~'RIT, LLB, a alifor~~ia lirr~i#~~ liability co~~~pa~~~ ~the "D~el~~]eI'"~. R~~IT~LS The following Recitals are ~ sa~hstanti~~e part of this Agree~~e~~t, A. Tlxe A.ge~aoy i a ~alifo~;t~ia rede~Telopmer~t agency acting ~~ndet• the alifot•~~ia. oir~~r~~~i~it~ Rede~elop~nent I~a~~, ~'ax~t 1 of Division of the Health Safet~~ fade the "~RL"~, Sectiali ~~~34,~ e~ seq. of the R~ autllori~cs acid directs redevelopt~e~~t agc~acies #a expe~~d a certain perce~~tae of all taxes that are allocated to a rede~elopt~et~t ag~~~cy purs~r~at #o Se~tioi~ 336?~ fa~~ #hc pu~'poses of inc~~easi~~, i~~~pi}ovin at~d preserving the C~lllil~llilit~~'s s~~ppl~ of l~ousii~g, availal~l~ at affordable l~o~~sing cost, to pc~•so~~s at~d fair~ilies of madeiate incairie, ~ei•~ lo~v incoirie, and extreiriel~ lo~~ income, Pursua~~t #o Section 33~~ of tine CRL, tl~e Age~~c~~ has estahlisl~ed a Lo~~r gild N~aderate Incor~~e Housing Fund ~#l~c "~ousir~g F~#nd's~, B, Tl~e ~Age~~c~ ~s autl~ori~ccl at~d etr~pa~vered cinder the RL to pio~ide fuildiilg for the productio~~, iiripi•ovet~lent, oa~ prese~'~ratiot~ ofaffordable pausing using tax inci•et~ei~t ie~en~les from the Housi~7g Pui7d, ar~d pecificall~~ for tl~e cot~sti~uctioi~ of b~zildit~gs or sty'€~ct~~~~es for affordable l~aus~ng units far la~~ Qi• iriadei•ate incon~e persons pug;scant to Sec#io~~ 3~,~~e}~5} of tlae R~, The Redc~elopxne~~t Plan for #h~ ~Ie~~ed P~~o ject the "Iered P~~a ject"~ was approved b~ Ordii~ai~ce has, 2~2-~~~7 adapted by tl~o pity o~~ncll of the i#~? of Sa~~ta ~.t~a ~tl~e "~it~"~ o~ Septeinl~ei• ~o, ~~~4 ~tl~e ~`Redc~relopt~~ent Plat," tl~c geograpl~i~ bat~nda~'~ of tl~e .c~•ged Project is tl~e "Project Area"}. D, Do~elopcr is e~perie~~c~d i~~ #l~ cat~stri~ction, developrrie~~t, aperatioil and trianageinei~t of high quality housing ~hicl~ ~s affordable to persons a~~d fa~~nilies of ~er~~ lo~~ at~d lo~v inca~ne in Solitherri ~alifainia, ~t~ fi~~+thcrance of file objectives of the RL, the Aget~c~ desires to facilitate the ~~ede~eloP~nent of approxiiriatel~ six acres of real P~~opei~tY lacatecl ~vithi~~ tl~e pity, pai•tiall~ ~~ithii~ tl~e ho~~ildai•ies of the Project area, ~~hicll consists of ~ri~~rripro~ed lots and i~~p~•a~ed lots with reside~~tial uses ~~rith certain parcels o~v~~ed b~F third parties ~tlle "Additialial Properties"}, ar~d certain parcels o~~ried by the A~e~xcy ~`#Ar~cy Pa~~ccls'}}, acid certai~~ other parcels o~~~ned lay thli•d parties tl~e "Segura Parcels"~ ~~rl~ich Agenc~~ has a right to acquire p~~i•s~~ar~t to fi~~l~r cxec~ited pl~rcl~ae agrcernei~ts the "Segura Purchase Agreen~etlts"~, Tl~e Ageirc~~ Parcels, Addltiailal Parcels and egtri•a Parcels are sho~~t~ on tl~e Site dap at~d the Additional Parcels aid Seg~~ra Paieels are listed ate Attacl~t~ot~t o, ~ The Agency is attempti~~g to acqui~•e the egut+a Parcels at~d tl~e A.dditioi~al P~;o~erties. The Segura Parcels a~l~l the Additional P~•operti~s acquired b~ tl~e .get~c~ prior to tl~e applicable lasii~ shall be included as part of the Site iii 1 DDC5~C11 ~~~67~tiR 1 ~1~~~272-~ 0~ 1