32B - TRACT MAP - 620 E FIFTH ST

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Tentative Tract Map No. 2013-02 May 28, 2013 Page 2 Each unit will have three bedrooms, two full bathrooms and a powder room, a detached two-car garage and laundry facilities. Access to the parking will be from a driveway along Fifth Street. The unit sizes will vary from 1,362 to 1,614 square feet. Each unit will have private open space located between the unit and garage. The project has been designed in a Mission Revival style that provides exterior finishes including smooth plaster, brick, tile and decorative wrought iron (Exhibits 3 through 6). A tract map for condominium purposes is proposed, since the units will be offered for sale. Common open space, driveways and common landscape will be held in common ownership, under the administration of a homeowners' association (HOA), while each unit and their corresponding private open space and garages will be held in individual ownership (Exhibit 7). Project Background The proposed project is part of a larger development known as the Station District, which encompassed approximately six acres of land previously owned by the Santa Ana Redevelopment Agency (RDA). The properties were the subject of a disposition and development agreement approved in June of 2010 between the RDA and a development team which included Related California, Griffin Realty Corporation, and City Ventures. The Station District project is comprised of approximately 114 rental units and 24 for sale units. Related California recently completed construction of the rental component of the project which includes: Triada Court - a Mission Revival courtyard-style multi-family project with 74 units; Triada Gardens - a Contemporary Craftsman-style multi-family project with 25 units; and Triada Village - a collection of 10 historic single-family homes that were retained from the early-1900's neighborhood and rehabilitated to their former historic character. With the exception of two manager units, 80% of the units will be available to families meeting the criteria for Very Low income (approximately $46,500 per year for a family of four), and 20% of the units will be available to families meeting the criteria for Extremely Low income (approximately $27,900 per year for a family of four). The term of this affordability requirement is 55 years and the units help to fulfill the City's state-mandated requirement to provide for affordable housing. The City Ventures component of the project is comprised of 24 for-sale townhouses of which, five units will be offered to those meeting the criteria for Moderate income (approximately $ 100,900 per year for a family of four). These units will also contribute to the City's satisfaction of its affordable housing requirement. The Station District project also includes a number of public improvements, such as a new joint- use community center at Garfield School, neighborhood-serving retail within the Triada Court building, improvements to sewer and water systems, upgrades to street lighting fixtures and a public art component. 32B-4