Item 12 - Density Bonus Agreement No. 2025-03

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DBA No. 2025-03 — Olive Crest (2130 East Fourth Street) June 23, 2025 Page 2 Item Information North Professional Offices East Medical and Professional Offices Surrounding Land Uses 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); Village Center District Zoning Code Sections Affected within the Metro East Mixed Use Overlay Zone (MEMU); Background and Context The Project's site is currently developed with a two-story, 53,089-square-foot office building and parking lot, both constructed in the early 1970s. Since its development, the office building has been occupied by various professional and medical office uses. More recently, the building has been occupied by mortgage brokers, commercial real estate, financial consultants, law firms, medical offices, and counseling services. Olive Crest is a nonprofit organization founded in 1973 that offers a range of services, including foster care, adoption, counseling, and parent education programs, aiming to strengthen families and provide safe, loving homes for children in need. Between 1973 and 1993, the Olive Crest office was located at the Northpark Plaza, at 1201-1223 E. Seventeen Street. From 1993 through 1995, their offices were located in the City of Anaheim. In 1995, Olive Crest permanently moved their headquarters to 2130 East Fourth Street, Unit 100. In the past year, all previous tenant leases have expired or not been renewed and Olive Crest is the sole occupant of the building. California Senate Bill 330 The Applicant is proposing a "housing development project," defined by Government Code Section 65589.5(h) as "a use consisting of residential units only, mixed use development consisting of residential and nonresidential uses with at least two-thirds of the square footage designated for residential use, and transitional housing or supportive housing." As such, the subject development will be subject to the limitations imposed by California Senate Bill (SB) 330, the Housing Crisis Act of 2019 or the HCA. SB 330 made numerous changes to existing State law and adopted the Housing Crisis Act of 2019. The changes proposed by SB 330 became effective on January 1, 2020,