Item 12 - Density Bonus Agreement No. 2025-03

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Density Bonus Agreement No. 2025-03 — Olive Crest (2130 E. Fourth Street) July 15, 2025 Page 2 at the property located at 2130 E. Fourth Street ("Project"). As proposed, the Project will utilize concessions and a waiver or reduction to deviate from development standards as memorialized by the density bonus agreement pursuant to California Government Code Sections 65915 through 65918 and Santa Ana Municipal Code (SAMC) Sections 41-1600 through 41-1607. Staff recommends approval of the Applicant's request as the Project meets the General Plan goals and policies and will contribute to the City's housing stock through the production of rental housing units. Additionally, the Project contributes to the community's affordable housing stock, aims to provide housing for at -risk young adults, represents a significant reinvestment in an underutilized site, and does not result in adverse environmental impacts or serious public health concerns. Plannina Commission Action On June 23, 2025, the Planning Commission held a public hearing for the Project and voted 5:0:2, with Vice -Chair Ramos and Commissioner Leo absent, to approve certain deviations (three development concessions and a waiver or reduction), based on the required findings, with concessions and the waiver to be memorialized in a Density Bonus Agreement, pursuant to Section 41-1607 of the SAMC. Pursuant to Section 41-1602(d), the DBA requires City Council approval. DISCUSSION Table 1: Project and Location Information Item Information Project Address and Council Ward 2130 E. Fourth Street — Ward 3 Nearest Intersection Fourth Street and Golden Circle Drive General Plan Designation District Center — Medium High (DC-3) Zoning Designation Professional (P); Village Center District within the Metro East Use OverZone MEMU North Professional Offices Surrounding Land Uses East Medical and Professional Offices South Multifamily Residential West Professional Offices Property Size Gross Area: 2.64 acres 115,029 square feet Net Area: 0.32 acres 13,801 square feet 53,089-square-foot (gross floor area) office building occupied by Existing Site Development Olive Crest offices, and surface parking lot. There's 31,266 square feet of useable office area, including 16,359 square feet on the first floor and 14,907 square feet on the second floor. Use Permissions Multi -Family Residential (permitted under MEMU, as part of SB 330 request Uses Article XVI.I (Density Bonus); and Active Urban Zoning Code Sections Affected within the Metro East Mixed Use Overlay Zone MEMU.