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EXHIBIT C <br />CALCULATIONS OF IN -LIEU FEE <br />(INCLUSIONARY HOUSING FLAN) <br />IN -UEU FEE CALCULATION <br />OWNERSHIP PROJECTS -15 %MODERATE INCOME INCLUSIONARY REQUIREMENT <br />HOUSING OPPORTUNTY ORDINANCE <br />SANTA ANA, CAUFORNIA <br />1. Proioct Doscriotlon <br />A. Project Name <br />6, Project Address <br />11. OS -Site JpgpslonaN reappraise <br />A. Required Number of lbclusianary Units <br />Total Project Units <br />Inciusloeary, Requirement as %of Total Units <br />Total incluslonary noun hament i Rpund•upj <br />B. incluslonary Unit Distribution <br />Two-bedroom Units <br />Thre - hadraom Units <br />four - bedroom Units <br />Totals <br />Total Building Area (Square Fast) <br />III. Affordabllfty GOO /Unit Calculml. <br />TmO bsedroom Units <br />Three - bedroom Units <br />Four - bedroom Units <br />IV, Affordability Gap Calculation <br />Two - bedroom Units <br />Three- bedroom Urns <br />Pour - bedroom Units <br />Total Affordability Gap <br />1206 -1310 N Harbor <br />1206.1310 N Harbor Blvd <br />110 <br />15% <br />17 <br />Required 9 of <br />Total Project lnclusionary, <br />Unite %of Total Unless Units' <br />0,00% 0 <br />49 44.55% 8 <br />61 55,45% 9 <br />110 100100% 17 <br />205,952 <br />Restriotod Price - <br />Moderaie AffordablBty Gap/ <br />Market Prices Incomes Unit <br />$o $0 $0 <br />$455,000 $364,000 $91,000 <br />$415,000 $332,000 $83,000 <br />Affordability incluslonary Total Affordability <br />Gap/ Unit Units Gap <br />$0 $0 <br />$91AOO 8 $728,000 <br />$83,000 9 $747,000 <br />$1A75,GOn <br />otal In -Ueu Fee' $1,475,000 <br />Per Total Unit $13,400 <br />Per Income Restricted Unit $86,800 <br />Per Square root of Total Building Area $7.16 <br />This column mustadd up to 100 %. <br />I Multiply the% of Total Units times the Total incluslonary Requirement. <br />Equal to the lesser of the defined Affordable Sales Price or 20% less than the projected Market Price. <br />° The Total lns LUou Fee is equal to the Total Affordability Gap. <br />Prepared by Gty of 5anm Ana <br />9/25/3014 <br />lnclusionary Housing Agreement <br />City of Santa Ana February 17, 2015 <br />1603 \14 \1654522.2 25G-22 <br />