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• Staff recommends funding six months prior to occupancy, or 22 months <br />from permit issuance <br />Section 5.8 - Condition Precedent to Building Permit Issuance <br />Requires 50 percent preleasing of building to "Investment Grade Tenants" <br />• Provision not imposed on any other project in Santa Ana <br />• Has significantly impacted commencement of project <br />• Issues like this best regulated by the private market <br />• Requirement is temporary due to DA expiration <br />Section 5.8.2 - No Redevelopment Subsidy <br />Prohibits the applicant from requesting Redevelopment Agency assistance <br />• Deletion of provision would allow applicant to submit a request for <br />Agency assistance <br />• Agency participation would first require a detailed financial analysis and <br />action by Redevelopment Agency Board <br />Section 5.9 - Historic Structures on the Propert <br />y <br />Requires excavated areas to be refilled within 90 days after construction of <br />foundation piles <br />• Excavation necessary to construct part of building foundation i.e., the <br />piles <br />• Modification to allow additional 30 days provides more flexibility <br />Planning Commission Action <br />Recommended approval of amendments to the development agreement <br />• Modified Section 5.9 (Historic Structures on the Property) to include <br />Orange County Educational Arts Academy to construction notification <br />list <br />The Mayor opened the Public Hearing at 7:25 p.m. The following spoke on <br />the matter: <br />• Hector Madrigal, member of UUNA Local 652 union and Santa Ana <br />resident, supports item as proposed. <br />• Mickey Totten, member of IUOE Local 12, encouraged Council to waive <br />50% lease requirement (as included in proposed Disposition and <br />Development Agreement) and allow construction to begin. <br />• Alfred Martinez, 3`d generation City resident and representative of the <br />Cement Masons Local 500; opined that project would improve local <br />economy. <br />• Armando Esparza, Santa Ana resident and 2nd generation union worker, <br />supports project. <br />• Sylvia Salenius, stated project would change historic area of City; <br />increase traffic congestion; impact three surrounding schools and <br />neighborhoods; urged Council to keep DDA as is; supports letter by <br />Historic French Park Association (submitted by Jeffrey Dickman). <br />CITY COUNCIL MINUTES 11 JULY 19, 2010 <br />1 0A-11