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VOTE: AYES: Martinez, Sarmiento (2) <br />NOES: None (0) <br />ABSENT: None (0) <br />(Items taken out of order.) <br />5. AMCAL Financing Update (Strategic Plan No. 5,3a) - (CDA) <br />Sidney Stone, Housing Division Manager, provided Power Point presentation on 15t <br />Street Family Apartments, AMCAL and City of Santa Ana Partnership. Revitalization <br />of area with 64 units of affordable housing. Project design may not be best, as unit <br />occupancy could be up to five persons and parking is at a high ratio and may need <br />more circulation. Presentation lists due diligence items, including zone change and <br />developer deferred fee vs. upfront fees. Policy considerations also reviewed. <br />Councilmember Sarmiento stated he has been a strong advocate of affordable <br />housing. Needs to understand changes and new financing scrutiny. <br />Kelly Reenders, Executive Director, stated this is new inclusionary, usual HUD/ <br />Federal parameters to be set. Tim Bretz from Keyser Marston added that <br />guidelines have changed and become stricter. Parking can be refined; three story <br />tuck -under parking to be designed which allows for more circulation parking. <br />Committee Chair, Michele Martinez, would like change in parking to not only include <br />vehicles, as there are multiple modes. Would like to make sure there is opportunity <br />for bikes, motorcycles, and pedestrians that need a safe path. People and cars <br />need to be taken into consideration as development moves forward. <br />Tax credits, developer fees, and any policy considerations to be reviewed and <br />brought to council in April. Councilmembers would like equity across the board. <br />We should be transparent and consistent. Developers encouraged to contact the <br />City Manager's office for information or any questions. <br />Budget Calendar and CIP Update (Strategic Plan No. 4, 2b) - (CMO) <br />City Manager, David Cavazos, discussed calendar of upcoming events including the <br />General Fund Trial Budget, Community Budget Outreach - Budget meetings, Capital <br />Improvement Program (CIP), Planning Commission and others items listed on <br />power point presentation. <br />Committee Chair, Michele Martinez, would like explanation or guide available to <br />help community understand what CIP is, source of funds, Measure M, priorities for <br />capital and other topics. <br />March 9, 2015 1 Finance, Economic Development, & Technology Minutes <br />