Laserfiche WebLink
Development Agreement No. 2015 -01 <br />Site Plan Review No. 2015 -02 <br />March 23, 2015 <br />Page 7 <br />2. Public Art: Committing one -half of one percent (0.5 %) of the value of the project, as <br />determined by standard building permit valuation, for the installation on the site, at a prime <br />location visible to the public, of permanent work(s) of public art. The work(s) of public art <br />shall be in place no later than the first certificate of occupancy for the project and shall be <br />maintained in perpetuity by the property owner(s). In the event the project is not <br />constructed, the developer shall donate an amount equal to the one -half of one percent <br />(0.5 %) public art commitment to the City for acquisition and installation of public art at a City <br />designated location no later than the end of the term of the agreement. <br />1 Park In -Lieu Fee: Paying the City a fee of $35.50 per square foot for parkland dedication in <br />lieu of the dedication of parkland as required in the City's Subdivision Ordinance (Section <br />34 -204 et seq. of the Santa Ana Municipal Code). Additionally, the fee may be increased <br />yearly by the average rate of increase in land costs in the City of Santa Ana, as that <br />increase is established by an independent trade publication or source specified in the <br />Agreement. The fee shall be paid prior to issuance of a building permit. Based on the <br />development proposed, this is expected to amount to a fee of approximately $2.1 million. <br />4. Inclusionant Housing Fee: The proposed project is subject to the requirements of the <br />Housing Opportunity Ordinance (HOO), which contains incluslonary unit requirements for <br />projects that consist of the construction of five or more dwelling units (SAMC Sections 41- <br />1900 et al.). <br />Site Plan Review <br />Section 41- 593.5(c) of the Santa Ana Municipal Code requires review by the Planning Commission of <br />all plans within a specific development plan area to ensure the project is in conformity with the plan's <br />development standards. As previously discussed, the proposed project lies within the MacArthur <br />Place District Center /Specific Development (SD -43). In 2012, various amendments to Specific <br />Development No. 43 (ZOA No. 2012 -01) resulted in changes to the maximum number of permitted <br />units, reduction in the parking requirements for multi - family dwellings from 2.26 to 2.22 spaces per <br />unit, and .allowance for tandem parking. These changes to the SD -43 zoning district resulted from the <br />previous development project filed by Vineyards Development Corporation. <br />Legado Companies proposes to proceed with a project of similar scale and overall appearance as <br />originally contemplated by Vineyards Development with a few exceptions. Most notably, previous <br />approvals resulted in an unimproved 0.8 -acre remnant property at the northeast corner of the property <br />bed set aside for future high -rise development. In addition, the applicant is requesting changes to the <br />overall site plan layout, proposed number of dwelling units and removal of the provision requiring a <br />subdivision map. <br />75A -9 <br />