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Packet 6.23.25
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Packet 6.23.25
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55394.00101\43846773.1 <br /> <br /> <br /> 6 <br />2130 East Fourth Street Density Bonus Agreement <br /> <br />requirements of or provide development incentives pursuant to the City Density Bonus for <br />Affordable Housing and the Density Bonus Law applicable to the Project. <br />2.6 Unit Mix. <br />2.6.1 Unrestricted Units. The Project, for purposes of this Agreement, may have <br />no more than twelve (12) Unrestricted Units, inclusive of one (1) manager's unit, as set forth in <br />sub-paragraph 2.6.3, below, and pursuant to the terms and conditions of this Agreement. Any <br />change to the unit distribution of the Unrestricted Units may affect the comparability of the <br />Affordable Units and is subject to City Manager approval. <br />2.6.2 Affordable Units. The Project, for purposes of this Agreement, shall have <br />no less than three (3) Affordable Units, for Very-Low Income Tenants, as set forth in sub- <br />paragraph 2.6.3, and pursuant to the terms and conditions of this Agreement. The Affordable Units <br />shall be consistent with all City approvals, comparable in bedroom distribution and amenities to <br />the Unrestricted Units, and shall be located throughout the Project as required under Santa Ana <br />Municipal Code section 41-1602(c)(5). <br />2.6.3 Unit Mix. <br />UNIT MIX <br />Plan # Plan A-1 <br />@ Level 1 <br />Plan A-1 <br />@ Level 2 <br />Plan A-1 <br />@ Level 1 <br />Plan A-1 <br />@ Level 2 <br />Plan A-1 <br />@ Level 1 Total <br />Income Level Unrestricted Unrestricted <br />Very Low <br />Income <br />Tenants <br />Very Low <br />Income <br />Tenants <br />Unrestricted N/A <br /># of Units 6 5 2 1 1 15 <br /># of Units as <br />a % of Total 40.0% 33.3% 13.3% 6.7% 6.7% 100% <br />Sq Ft 755 769 755 769 755 11,409 <br />Bedrooms Two Two Two Two Two 30 <br /> <br />2.7 Minimum Development Standards for Affordable Units. The Affordable Units <br />shall be constructed with the same exterior appearance and interior features, fixtures, and <br />amenities, and shall use the same type and quality of materials as provided for any Unrestricted <br />Units, regardless of whether such Unrestricted Units are in the Project. <br />2.8 Permits and Processing; Compliance with Laws. Developer, at its sole cost and <br />expense, or as otherwise set forth in a separate written agreement, shall secure or cause to be <br />
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