80A - TRANSIT CODE AND STATION DISTRICT - EXHIBIT M

Home Browse Search

THIRD RE~ISD Proposed ~usilress Pairlts fog' Coirrrtx~iuity Bcv~fits Agt;e~~irerrt ~o~' Agr~eemevts~ be#~~~eev SACe~~ City of Santa Ana, Cite of Sa~rta Ally Redevelopment Agevey, and Related Cv~xapa~ries Relaling to Pbase I of talion Dlsl~~ict a~r~l Dcvelopr~rent ~cc~n~tiivg in tlleTravsit ~ovivg Code Area May ~1, ~D10 the s~zbstalrtive poitlts below ~~ill agreed to througlr a legally bidding, fully etrforceable agreement for set of agreemerrts~ bet~~teen Santa Ana Collaborative far Respotrsible Development SACReD}, City of Santa A.na, the City ofSa~rta Arra Redevelopnretrt Agency alyd Related Conrpanies ~tlre "Developer"~. I, Hor~sivg a. I~Irase I A#`fordable Housing. Developer, Agelrcy acrd City agree to ensure, by ~vay of 55 year Covenatrt, that iaa°Io ofPhase I rental rxt~its are affordable at SO°Io ANII and below with a nrit~inrum ~U~~o at 3D°I~ A~Irlr, witir priority given to those displaced as a result of redeveloplnerrt. Developer alyd City agree to ensure that two ownership units in each for~sale developmel~t block are affordable to hauselzolds at 0°I~ of AMI. City agrees to provide irrce~rtives for first time home buyers to facilitate the sale of affordable o~virerslrip units to ~ualifyilr lrousel~olds. b. TIC Area Affox~clable Ho«sivg Ivtllvidual Projects, Agency agrees that ifredevelop~rrent fiir~ds are used to financially assist a residential re~~tal project witlriir the T~C,1.~0~Io ofu~rits wittlin such prajecl `viii be offered at 80°I~ All or below with a trri~rimunr of~5°Io o~`the units at 30~1o ANiI, and affordability levels e~rsured through a restrictive covet~atrt for 5 years. Age~rcy agrees that in airy situation where it leas the legal autlrarity to do so for e~ainple, wlre~r enterllrg Into a developr~rent agreclnenl whir ~ building o~vner~, it will e~rsure, through restrictive cove~ralrts of5 years, teat al least 3~°I~ ofo~~?Irerslrip u~rits are affordable to households at 8~°I~ AEI acrd below. c, TIC Arca Area-~~'ide Affordable Ho~~siv Baal. City agrees that, for the Area as a whole, it will gave as a goal that ~l~ at least 0°Io ofrelrtal units will be affordable to households at 8~°I~ All and below, ~ a°I~ of ~vl'iich will be for lrouselro~ds ~t 0°Io of AMI, and ~2~ 30~I~ of owrrership units will be affordable to households at 8a~1o ANTI. City agrees to nark with SACReD ire the developtrrelrt of City policy, Including tnce~rt~vcs acrd re[~ulr~rir~I~t~~ thal ~uppp~~ these goals, d, Pbase I Af~ardable Cllild Cax4e, City acid Developer agree eirsure that at least 3,004 sq~ of corr~Inr~t~ity space within f,ot l ofPlrase I will be Irrade available at I]D charge during daytirrre hours to a clrlldcare operator Identified In conjralrctlon ~vltlr SACReD, The operator will be responsible for f€~tiding operations ti~vitl~i~r the facility, r~Y the eve~lt that, despi#e their best efforts, City afid Developer are ulrable to find a childcare provider, this re~rfirelrre~rt is waived, II, CultutRal arrd Historic Pr4esex~vation a, Plisse ~ Cu~7trYrunity Ce~Iter~ City agrees to use best effoi•#s to Ir~ake available, through a joi~rt use agreenretr# or otherwise, a rrrultiiuse conrnrurrity resource center of at least 10,000 I sq, fl. in sire servici~rg comrlrulrtty Ireeds for the whole family at Iro cost or low cost, City agrees to work with SACReD on planlring for the design, progralnnri~rg alyd location of the center, Oily agrees to use best efforts to Iregotiate aIr agreenrerrt with SACReD acrd SAUSD if a joitrt use ar~ra~~geluelrt with AUSD exists that erasures that the center will be regularly accessible to the colulrrutrily, and specifically that at least ogle floor of the colrnnulrity centel• will be available daring school hours and that the elrtire commu~rity center alyd school i