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The Village Santa Ana Specific Plan <br />Item #28 <br />Planning and Building Agency <br />September 16, 2025 <br />Slide 31 <br />DA Key Terms <br />•Term –One 20-year term, and one five-year automatic <br />extension. Extension subject to construction commencement <br />of no less than 50,000 square feet of commercial/retail area <br />and 360 residential dwelling units. <br />•Timing of Development –No building permits for residential <br />units shall be issued in excess of 360 residential units until <br />building permits are obtained for at least 50,000 square feet of <br />commercial/retail space. <br />•Community Benefits –Community Benefit Payment of <br />$9,300,00 in four payments.